Jan 16, 2019
Question of the Day, Investing
Answer: Index Funds
Watch the first four minutes of this video to learn more about Jack Bogle's incredible innovation which has helped millions of investors (including many of our readers I am sure!):
In your own words, what is an index fund?
Why did Bogle believe that trading individual stocks was "a loser's game"?
Why have index funds become so popular compared to funds that try and beat the market (active funds)?
Here's the ready-to-go...
Jan 15, 2019
NGPF Fellows, Investing, Behavioral Finance, Retirement
The following blog post comes courtesy of NGPF Fellow, Brett Shifrin, of Gould Academy in Bethel, Maine.
Recently, a student captured the imagination of my class. It stemmed from a comparison of Money Market Deposit Account(MMDA) and Certificate of Deposits (CD). It was suggested that one of these accounts could be very useful for graduation gifts this spring.
One of my students, Phil, asked, “Mr. Shifrin, what would you do if you unexpectedly received $5,000?”...
Jan 11, 2019
Advocacy, Investing, Paying for College, Career
Financial Literacy Legislative Update
A bill has been introduced in the South Carolina Senate to require a one-semester class in personal finance for all high school students. (WMBFNews)
The state Treasurer of Rhode Island has also introduced legislation requiring public high school students to take a personal finance class before graduating. (WPRI)
New Jersey passed legislation mandating financial literacy content be delivered in grades six to eight. (Forbes)
The Massachusetts Education...
Jan 04, 2019
Personal Finance, Checking Accounts, Investing, Stocks, Mortgages, Paying for College, Economics
Happy New Year! Our first reading list of the year includes a couple of pieces that take a look back at 2018, including the wild ride on the stock market, as well as some "newer" news. Enjoy!
Our friend Barbara O’Neill provides a great overview of what happened in the world of Personal Finance in 2018. (Journal of Financial Planning)
Beth Kobliner examines a Brooking Institute report on Artificial Intelligence and relates it to Financial Literacy....
Dec 28, 2018
Webinar, Investing, Tips for Teachers, Interactive
NGPF Webinars build content knowledge, provide ideas for NGPF activities that educators can use in your classroom and share best practices. Here are the top NGPF Webinars from 2018:
5. Teaching Soft Skills for the 21st Century!
4. Brush Up On Investing
3. NGPF Semester Course: Planning for Success
2. STAX: The Newest Game to Teach Investing
1. Getting Started with Google Classroom
Earn PD hours by watching one more of the webinars in our in...
Dec 26, 2018
Investing, Podcasts, Teaching Strategies, Tips for Teachers
Want to use your holiday break to get some new ideas from innovative educators or build your content knowledge from an investing expert? I thought I would share with you the most popular NGPF podcasts based on the number of downloads.
Top 10 NGPF podcasts (Educator category) of 2018:
Jill Thompson (Kelly Walsh High School, WY) explains her strategy and tactics to increase access to financial education in her community
Brian Bean (Tomball Memorial High School, TX) describes his...
Dec 21, 2018
Personal Finance, Investing, Index Funds, Student Loans, Economics
Our holiday reading list is a bit longer than our usual list….it will have to last you two weeks! We hope you have a little down time to dig into some of the longer articles on the list. Enjoy your break and Happy Holidays to all!!!
Experian reportedly will begin including utility payments in the credit score calculation, giving millions of people who only use debit cards a credit history/score. (WSJ)
With all of the changes in the tax laws for 2018, here is a...
Dec 21, 2018
Podcasts, Investing, Research, Behavioral Finance
Who knew that Kelly Lannan, collegiate musician and ice hockey captain extraordinaire, would find her calling in financial services? Kelly shares that a career in finance wasn't on her mind as she collected her diploma on graduation day. Yet, today as the Director of Young Investors at Fidelity, Kelly engages with college students and inspires them to plan for their futures today. Find out the myths that her team busted in their Millennial Money Study (there are several!). Listen...
Dec 16, 2018
Question of the Day, Investing, Cryptocurrencies, Current Events
Bitcoin was once worth almost $20,000 and now it's hovering around $4,000. Any ideas on why the price has declined so much?
Do you know anyone who has invested in bitcoin?
Investors use the term "popping the bubble" in describing an asset that rises quickly and then drops sharply. Why do you think investors get so excited about certain assets like bitcoin while the bubble is inflating?
Here's the ready-to-go slides for this Question of...
Dec 14, 2018
Personal Finance, Career, Investing, Paying for College
Are you finding yourself broke this time of year? Michelle Singletary gives you five reasons to give for NOT giving Christmas gifts this year (WAPO).
What can we learn (teach our students) about bubbles? Let’s take a closer look at bitcoin. (Bloomberg)
Want more on Bitcoin? Did you know that “What is bitcoin?” was the number one search of that type on Google last year? (Morning Brew)
Another interesting piece from Morning Brew is a reflection...
Nov 30, 2018
Personal Finance, Mortgages, Investing, Mutual Funds, Career, Economics
Kids and Christmas – tis that season once again, and Michelle Singletary shares some advice for keeping the spending under control. (Spoiler Alert: it can get easier if they no longer believe in Santa. (WAPO)
Are you caring for a parent? Michelle Singletary looks at both the personal and financial burden of caring for a loved one. (WAPO)
Millennials' spending habits have had significant impact on the economy. A new Fed study explains why they aren't spending (like...
Nov 29, 2018
Investing, Interactive, Index Funds, Behavioral Finance
How do you think recent investors in GE are feeling about their decision?
Would you hold on after a monthly drop of 30% in the stock price?
Interesting read from the Capital Speculator here about how investors can be influenced to act impulsively in the early years (I think it could be days) of a new investment. As someone who can speak from experience, there is nothing worse than seeing a recent investment go negative soon after your purchase. The bubble thoughts that start floating...
Nov 26, 2018
Retirement, Index Funds, Video Resource, Investing, Savings
Looking for ways to get your students thinking about retirement? Introduce them to the F.I.R.E. Movement! That is the Financial Independence Retire Early Movement.
Why do I think this movement is important:
It's a counter-narrative to our consumerist society by focusing on extreme savings. We read so many stories about maxed out credit cards, why not expose your students to tales of young people saving 60-70% of their income?
It helps students understand the concept of passive income and...
Nov 23, 2018
Investing, Personal Finance, Parent Conversations, Current Events, Stocks
Hope you all enjoyed Thanksgiving! For those of you NOT involved in Black Friday Shopping, here is some light reading you might enjoy if you aren't up for football!
Tech stocks have taken a big hit in this “market correction.” There are some great graphical representations about tech stock market capitalization here. (WSJ)
Here is the Visual Capitalist Chart of the Week with a different view of FAANG stocks in the bear market.
What are Value Investors now thinking about...
Nov 16, 2018
Personal Finance, Behavioral Finance, Career, Paying for College, Investing
Personal Finance-credit and borrowing
Don’t get carried away with Black Friday shopping and fall for those store credit cards. They are NOT a good deal. (Washington Post)
Will mid-term election results have any impact on student loans? (Forbes)
We are always warning students about borrowing too much for college, but here are two pieces on a paper coming out in the journal Education Next that suggests some borrowing may help some students succeed. (WSJ and NPR)
Computer algorithms are less...