Category: Investing

QoD: Rank order these financial accounts from most to least prevalent for 8-14 year olds: investment account, online gaming account, credit card

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Sep 18, 2019
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Question of the Day, Credit Cards, Savings, Investing
 Answer (courtesy of T. Rowe Price survey of parents of 8-14 year olds) Questions: Which of these accounts did you have when you were 14 years old?  For #1, list the timing of when you got each account.  How do you think that kids so young are able to have a credit card? Do you think it's a good idea for someone so young to have a credit card? Explain.  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the...

Reading List for September 13-15

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Sep 13, 2019
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Current Events, Advocacy, Budgeting, Credit Cards, Investing, Insurance, Paying for College
Advocacy Many of you have seen this one, featuring a quote from BrianPage, but in case you missed it: (USA Today) "School probably didn't teach you much about money, here are 4 things you should know". A national survey by Experian of Gen Z found that 76% of them agree that a personal finance class should be offered in high school. (PRN Newswire) (CNBC) Michigan is considering legislation to allow practical math options to Algebra II, including personal finance. (thecentersquare)  ...

NGPF Podcast: Dan Otter and Scott Dauenhauer discuss launch of 403bWise.org

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Sep 13, 2019
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Podcasts, Investing, Personal Finance, Teaching Strategies
For almost two decades, no one has done more to support teachers in navigating the 403(b) minefield than Dan and Scott. They will share an exciting new announcement. Listen to Dan and Scott discuss the "new" 403bWise, how they plan to support teachers in the future and their best ideas on how to reform the system. Oh, and they will make you smarter about investing too. Be prepared to be inspired! Introduction: 0:00~2:58 Introduction 2:58~7:29 Changes happening in personal finance education...

4 Infographics to Start the School Year

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Sep 12, 2019
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Credit Cards, Credit Scores, Investing
Infographics to start the school year September 2019   PRINTABLE INFOGRAPHICS FOR 2019-20 NGPF has partnered with Visual Capitalist to bring you a series of infographics explaining key topics in personal finance. Each one delivers personal finance concepts in a compelling way, including text to read, graphs to interpret and questions to answer. Hang these in your classroom to reinforce student...

Stock Showdown QoD: Which company has performed better over the past five years, Netflix (NFLX) or Disney (DIS)?

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Sep 11, 2019
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Question of the Day, Stocks, Investing
Answer: Netflix Netflix, at a recent price of $290/share, has increased 450% in the past five years ago, while Disney, at a recent price of $140/share, is up 169% compared to five years ago.     Questions: Both companies are in the business of entertaining, but have taken different approaches. How would you sum up each company in ONE sentence? What factors do you think contribute to the very different market performance of these companies? When you look for entertainment, which of...

Reading List for September 6-8

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Sep 06, 2019
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Current Events, Advocacy, Investing, Cryptocurrencies, Paying for College, Career, Employment
Advocacy Liz Frazier pens a compelling piece for Forbes magazine listing five reasons personal finance should be taught in schools. She is preaching to the choir here, but perhaps her approach will get through to the general public, and one might find this a concise source of supporting arguments and statistics for your personal quest. Carrie Schwab-Pomerantz explains her efforts as President of the Charles Schwab Foundation to promote financial literacy (Yahoo Finance) An academic study out of...

Have you seen the new "What's New With _________?" posts?

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Aug 31, 2019
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Current Events, Credit Reports, Index Funds, Investing, Credit Cards, Checking Accounts, Career
We all know that things are always changing in the world of Personal Finance. We bring you a weekly reading list of news related to Personal Finance, Economics, and other topics relevant for teachers, but what if you want to hone in on what’s been happening in just one topic? This year, the “What’s New With” series of blogs is a bit different than in the past. We are pulling in fewer articles on each topic, but going into more depth within the blog to explain what has...

Reading List for Labor Day Weekend, 2019

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Aug 30, 2019
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Advocacy, Economics, Investing, Paying for College, Credit Cards, Retirement, Parent Conversations
The Labor Day reading list covers a range of topics, but starts off with two articles by folks well known in the FinLit community. Advocacy Annamaria Lusardi’s most recent article in Education Week discusses how transformative a personal finance class can be for a teenager, but warns that it only works if the teachers themselves are truly fluent in the content and comfortable delivering the information. Can’t disagree with that! A CNBC piece by Billy Hensley (NEFE) explains how...

Reading List for August 23-25

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Aug 23, 2019
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Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....   Financial Literacy/Advocacy As Kentucky enacted a law to make personal finance a graduation requirement for High School, three Universities, with support from banks, have taken on the task of providing training for the teachers. (NK Tribune)   Economics The world’s central bankers and top economists are gathered for the annual symposium put on by the Kansas City Fed in Jackson Hole, Wyoming. Fed Chair Jerome Powell addressed...

Chart of the Week: Why Investment Fees Matter!

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Aug 20, 2019
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Chart of the Week, Investing, Index Funds
From Vanguard: May want to find a way to cover up the ending balances after 30 years.  Question: Two investors start with $100,000 and earn a 6% return per year for 30 years: One chooses a low-cost mutual fund with a cost of 0.25% (a.k.a. expense ratio) that is applied to their invested assets each year. Note that many index funds have even LOWER expense ratios).  The other chooses a higher-cost mutual fund of 0.63%, which is apparently the weighted average expense ratio for U.S....

Reading List for August 16-18

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Aug 16, 2019
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Current Events, Parent Conversations, Paying for College, Investing, Economics, Retirement, Student Loans, Financial Scams, Insurance
As your former students or maybe your own children are heading off to college for the first time, here is some sage advice for them.   Having taught at a college for several years, and living amongst the students for even longer, I cannot agree more with the tips offered by a college professor in this MarketWatch article, like show up for class, turn off the phone, and go to office hours! I like the cartoons too!   And here is one for the parents. Once your child turns 18, their...

What's New With Investing? (August 2019)

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Aug 12, 2019
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Investing
There are largely two story lines driving the news regarding investing in recent months—interest rates, specifically, what central banks are doing about them, and uncertainty over the trade situation and if the economy will turn from growth to recession any time soon. We will address the interest rate issue here.   Interest Rates The Fed cut the Federal Funds rate by 25 basis points at the end of July. This is the rate at which banks and financial institutions borrow money from each...

Reading List for August 9-11

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Aug 09, 2019
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Checking Accounts, Economics, Investing, Retirement, Career, Current Events
  Checking With mobile deposits, checks may be “deposited” more than once. Banks’ systems are not catching all duplicate deposits. This happened to an organization for which I am the Treasurer, and it can happen to you. (Cleveland Plain Dealer) This is potentially big news for folks living paycheck-to-paycheck. The Fed just announced that they will develop a public sector system for real-time payments (check clearing). (New York Times) Here is a British perspective on...

Reading List for Aug 2-4

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Aug 02, 2019
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Current Events, Economics, Career, Investing, Paying for College, Parent Conversations
Current Events Captial One Data Breach What you need to know about the Capital One data breach. A hacker obtained information on 100 million customer accounts across the US and Canada. Choose your source below for the facts and what to do about it if you are a victim. From Capital One. From Consumer Reports From the New York Times Fed Rate Cut Historic rate cut: the Fed announced a 25 basis point drop in the target interest rate on Wednesday, the first drop since 2008! For an explanation of...

NGPF Podcast: Don Dutkowsky, Professor of Economics at Syracuse University

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Aug 02, 2019
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Podcasts, Investing, Professional Development
Don Dutkowsky has lots of great insights to share after nearly four decades in the classroom as a college Economics Professor with a keen interest in personal finance. In this wide-ranging conversation, Don discusses his passion for financial education, how he incorporates personal finance concepts into his economics work and his work with high school teachers in New York state. He's also a master storyteller and clearly knows how to bring personal finance to life for his students. Enjoy! ...