Difference between revisions of "Basics Of Investing"
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== Definition == | == Definition == | ||
− | '''Basics Of Investing'''. In the context of the [[Financial Competence Framework]], ''Basics Of Investing'' is a topic in the [[:Category: | + | '''Basics Of Investing'''. In the context of the [[Financial Competence Framework]], ''Basics Of Investing'' is a topic in the [[:Category:Planning And Managing Finances | Planning And Managing Finances]] subject matter domain.<ref>European Union/OECD (2022), Financial competence framework for adults in the European Union</ref> |
== Competences == | == Competences == | ||
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− | [[Category: | + | [[Category:Planning And Managing Finances | Planning And Managing Finances]] |
Latest revision as of 16:35, 1 April 2022
Definition
Basics Of Investing. In the context of the Financial Competence Framework, Basics Of Investing is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Basics Of Investing in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
178 | Knows the difference between saving and investing, and between debt and equity | Knowledge |
179 | Aware that some forms of investment are more liquid than others | Knowledge |
180 | Knows that the value of an investment may increase or decrease | Knowledge |
181 | Knows that different types of fees and charges (one-time and ongoing, direct and indirect) can have a substantial impact on the performance of an investment | Knowledge |
182 | Understands how changes in inflation, interest rates and/or exchange rates may impact on longer-term plans | Knowledge |
183 | Understands the difference between potential (unrealised) and realised losses or gains | Knowledge |
184 | Aware of the additional risks of making uninformed investment decisions | Knowledge |
185 | Understands basic investing concepts such as time-value of money, risk tolerance, investment horizon, and investment objectives | Knowledge |
186 | Can calculate the proportionate increase or decrease of the value of an investment | Skill |
187 | Confident to consider whether specific goals can be met by investing | Attitude |
188 | Confident not to invest if one does not understand the financial product or service | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union