Discuss other aspects of investment selection including investment effort, minimum investment size, ethical and moral issues, different tax treatments, and concentrated portfolios.

Demonstrate how dollar-cost averaging plans work and describe examples of these plans.

Describe phenomena associated with behavioral finance and explain the implications of these phenomena for a financial planner.

Describe strategies for selling the client on a plan.

Explain the basic model of personal taxation, compute a tax liability, and identify the relevant marginal tax rate.

Compute the cost basis or adjusted cost basis of an investment.

Determine the tax consequences of various equity investments, including the treatment of capital gains and losses as well as qualified and nonqualified dividend income.

Discuss the pros and cons of tax-loss harvesting and tax-efficient investing.

Avoid subjecting a client to violations of the wash-sale rule for various types of investments.

Compute the tax consequences associated with investing in various types of bonds, including a tax-equivalent yield.