Category: Investing

NGPF Podcast: Jack Gecawich on the dangers of apps that "gamify" investing

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Aug 14, 2020
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Podcasts, Investing, Stocks
Jack is a repeat guest on the podcast. He's currently a student at East Greenwich High School in Rhode Island. When we last spoke with Jack earlier this year he was advocating for financial education alongside Treasurer Magaziner. In this podcast, Jack discusses his work this summer leading a group of students through a series of investing lessons. Well, that's what I thought we were going to talk about. Instead our conversation took a detour as we talked about the speculative nature of today's...

Reading List for August 14-16

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Aug 14, 2020
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Advocacy, Personal Finance, Economics, Investing
Advocacy/Personal Finance No surprise here, but nice statistics to quote when advocating for financial literacy education. An NFEC survey found that 85% of Americans agree that high school students should take a personal finance class in high school. PR Newswire NFEC The Cities for Financial Empowerment Fund is establishing one-on-one financial counseling and assistance to those in need in over 50 counties and cities to help people navigate through the pandemic. (PR Newswire)  ...

Reading List for August 7-9

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Aug 07, 2020
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Personal Finance, Economics, Investing, Paying for College, Financial Scams
Personal Finance This one got some press: The Cincinnati Bengals reports that top draft pick, Joe Burrow, plans to live off of his endorsement income (not too shabby), and bank (invest?) his $23.9 million signing bonus as well as his $36.2 million four-year contract. (BengalsWire) But for 59% of young Americans, Millennials and Gen Z, the pandemic has totally derailed their financial lives. (USA Today)    Economics in the times of Covid  The July unemployment rate dropped to...

EdPuzzle Thursday: Loose Change & REITs

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Aug 05, 2020
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EdPuzzle Thursday, Current Events, Investing
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos. In light of the current pandemic, we will also be adding current event videos from Two Cents when relevant. So, on Thursday over the next few weeks, look for a combination of unit specific and current event EdPuzzle videos!  This...

Reading List for July 31-Aug 2

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Jul 31, 2020
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Economics, Investing, Stocks, Paying for College, Retirement
There was so much relevant news this week, this list runs a bit long, but it is sure to have something you will find interesting!     Economics The Federal Reserve met this week and left interest rates unchanged (near zero). Dow jumps 150 points. (Forbes) Far and away the biggest economic news this week was the historic annualized drop of 32.9% in the second quarter. (Note: add this example to your lesson on compounding.) Did one-third of the economy disappear in the second...

What's New With Investing - 2020

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Jul 30, 2020
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Investing, Stocks, Retirement, Current Events
This update is dominated by the impact Covid-19 has had on the investing this year.   Why is the stock market, after initial chaos at the beginning of the pandemic, not reflecting the downturn in the economy? What should investors consider in terms of diversifying, rebalancing, and retirement savings? And what about gold?   The NYSE president explained at the end of May that the “market” as represented by the S&P 500 or Dow Jones Industrial Index is a) forward looking...

Reading List for July 24-26

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Jul 24, 2020
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Economics, Current Events, Investing
Economics of the Pandemic New jobless claims increased this past week to over 1.4 million (1.3 million last week), stopping a 15-week decline. The biggest jumps were in the states where Covid is spiking. This is the 18th week with new jobless claims over one million. (CBS) (Yahoo Finance) Gig workers who cobble together multiple jobs to make ends meet are often ineligible for unemployment insurance when work dries up. (NYT) The Federal moratorium on eviction of renters expires today, along with...

Reading List for July 18-20

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Jul 17, 2020
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Current Events, Personal Finance, Investing, Economics
Personal Finance/Managing Credit How many of you actually balance your checkbook these days? Emily Guy Birken wrote an article for Forbes explaining how to and why you should balance your checkbook in this digital age. The CFPB examines “credit builder loans” and determines them to be a good way to help consumers build credit. (My Ches Co) FICO unveils a new “resilience score,” which looks at different elements of a person’s credit history (beyond the credit...

EdPuzzle Thursday: 401(k)s & IRAs

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Jul 15, 2020
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EdPuzzle Thursday, Investing
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.  This week we have two EdPuzzle videos both focusing on retirement plans.  The first EdPuzzle video titled "Are 401(k)s a Financial Silver Bullet?" explains the benefits as well as what to be aware of when enrolling in a company...

Reading List for July 10-12

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Jul 10, 2020
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Current Events, Employment, Investing, Taxes
Income and Budgeting (pandemic-related) A survey by Bankrate conducted in late June yielded some dire if not unexpected statistics about the impact of the pandemic on incomes. 49% of those polled said the pandemic has negatively impacted their income. Of those negatively impacted, only 17% were back to normal at the time of the survey, and 59% feel it will take longer than three months to recover. 45% were not impacted. This WSJ (subscription) article has lots of great statistics/graphs...

Reading List for the 4th of July weekend

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Jul 03, 2020
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Current Events, Economics, Investing, Personal Finance, Credit Scores
Here is your holiday weekend reading list—stay safe people!!!!   Economics The economy added 4.8 million jobs through the week of June 12, higher than expected. (CNN) (New York Magazine) There are several reasons we shouldn’t yet be celebrating: The economy is still down 14.7 million jobs         Another 1.4 million filed for unemployment last week Continuing unemployment claims are still at close to 20 million       ...

EdPuzzle Thursday: Should I Buy Gold & Bitcoin?

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Jul 01, 2020
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EdPuzzle Thursday, Investing
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos. In light of the current pandemic, we will also be adding current event videos from Two Cents when relevant. So, on Thursday over the next few weeks, look for a combination of unit specific and current event EdPuzzle videos!  This...

Reading List for June 26-28

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Jun 26, 2020
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Current Events, Economics, Investing, Student Loans, Career
Current Events-Stimulus Checks QOD: What are most people spending their stimulus checks on? Answer: Household expenses. According to a Census Bureau Household Pulse survey, 85.5% answered this way. Of those earning between $75,000and $99,000 who got a prorated check, checks were more likely be used to pay down debt or saved.  If you have a family member in a nursing home, you might want to be sure the nursing home didn’t try to pocket your loved one’s check. (WAPO-1). The...

Reading List for June 19-21

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Jun 19, 2020
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Economics, Investing, Paying for College, Current Events
Economics Another 1.5 million people filed unemployment claims this past week. The important and telling statistic is the continuing unemployment claims, which have remained above 20 million since late April. (The Street) The recovery in Retail Sales has been uneven, according to the National Retail Federation CEO. (CNBC) The market took the retail sales figure as positive news. (MarketWatch) NPR breaks down retail spending by income level. Folks at lower income levels are spending whatever...

EdPuzzle Thursday: Retirement & The FIRE Movement

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Jun 17, 2020
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EdPuzzle Thursday, Investing
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.  This week we have two EdPuzzle videos both focusing on retirement.  The first EdPuzzle video titled "Is Retirement Even Possible?" discusses how much money is needed in retirement, factors that contribute to a low retirement...