The Department of Management Studies at VVM’s Shree Damodar College of Commerce & Economics organized an informative session on “Personal Financial Planning” on 5th March 2025 in Classroom F-401. The session was conducted by Mr. Brendon Mascarenhas, Goa’s first investment advisor to hold three prestigious financial designations— Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), and Chartered Wealth Manager (CWM).
The session commenced with an introduction of the resource person by Mr. Erville Rodrigues. Mr. Mascarenhas emphasized the importance of budgeting, saving, and setting financial goals as key pillars of financial planning. He provided insights into various investment avenues such as stocks, bonds, and mutual funds, highlighting the benefits of early investing, diversification, and risk management. His engaging PowerPoint presentation simplified complex financial concepts, making them more accessible to students.
Additionally, he stressed the importance of insurance in ensuring financial security and managing uncertainties. The session concluded with an interactive Q&A segment, where students actively sought guidance on investment strategies, financial planning, and wealth management.
The session proved to be highly insightful, equipping the 35 participating students (14 males, 21 females) with practical financial knowledge and motivating them to take proactive steps towards securing their financial future. Overall, the session was highly beneficial, fostering financial literacy and encouraging students to adopt disciplined financial planning habits.
Expected Outcomes of the Activity
The session provided students with a fundamental understanding of financial planning, including budgeting, saving, and setting financial goals to ensure long-term financial security. Participants gained awareness of various investment opportunities, such as stocks, bonds, and mutual funds, while also learning essential risk management strategies. Additionally, the session emphasized the importance of insurance in safeguarding financial well-being and the role of diversification in minimizing risks. By engaging with these concepts, students developed enhanced decision-making skills, enabling them to adopt a structured approach to personal finance and make informed financial choices for sustainable wealth creation.
