Category: Investing

Reading List for July 12-14

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Jul 12, 2019
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Financial Literacy, Economics, Investing, Career
Financial Literacy/Advocacy North Carolina passed legislation requiring students to take a financial literacy class for high school graduation. The required class is actually a full year course covering economics and personal finance, and the law requires teacher training. (MarketWatch) Mark Hulbert argues the underlying issue behind poor financial outcomes is more behavioral than ignorance. (MarketWatch) I tend to think this argues for inclusion of behavioral finance in financial literacy...

Reading List for 4th of July Weekend

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Jul 04, 2019
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Personal Finance, Behavioral Finance, Economics, Investing, Credit Cards, Employment
Happy 4th of July!!  In case you aren't attending a cookout or don't like fireworks, you can get a jump on the weekend reading list! Personal Finance From Investopedia – how to “Declare you own Financial Independence.” Michelle Singletary offers some sage advice for how to handle a delicat situation—when a friend or loved one in financial dire straits asks to move in. (WAPO) Cincinnati’s Julie Heath compares Ohio to the National results from the 2018 Financial...

Reading List June 28-30

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Jun 28, 2019
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Cryptocurrencies, Student Loans, Investing, Financial Literacy, Advocacy
Crypto Currency Bitcoin value is going wild….again. Michelle Singletary explains why the average person should resist the temptation to get into the game. (WAPO) One week post-announcement, Libra coverage continues. The Economist takes two looks at it: the first article discusses the mechanics of a global digital currency, and the second discusses how it might impact the banking system. US Regulators are looking to dig into this proposal. (CNN) Coin Desk astutely discusses how momentous...

Reading List for June 21-23

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Jun 21, 2019
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Cryptocurrencies, Advocacy, Financial Literacy, Economics, Investing, Employment, Paying for College, Insurance
Happy Summer! It is officially here! And here is a list covering a wide range of topics for your reading pleasure this weekend.   Financial Literacy The US Treasury (specifically, the Financial Literacy and Education Commission) is calling for colleges and universities to require financial literacy classes. Looks like $1.5 trillion in student debt has some folks worried. (CNBC)  Here is the actual report. Does it help your students to hear about sports stars ultimately making better...

Reading List for June 14-16

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Jun 14, 2019
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Career, Investing, Credit Scores, Cryptocurrencies, Financial Literacy, Parent Conversations
Careers Here is a fun one! Take a look at these wacky job titles. It might be fun to have your students guess what each one might mean! (Indeed.com) Forbes provides another list – this time it is the best employer in each state. Can you guess the best employer for your state? (Forbes) Managing Credit This article explains how smart use of a secured credit card can help you build or boost your credit score. Now Amazon is getting into this game. (NYT) "The Financial Health Network...

QoD: Which one of the following headlines DID NOT appear in the past month?

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Jun 11, 2019
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Investing, Credit Cards, Question of the Day
Choices:  Teens help Snap's stock to surge  High school English teacher paid thousands to Citibank for credit card protection he never wanted  High school senior earns millions trading bitcoin; will donate money to build stock trading floor at high school  Teen bakes thousands of cupcakes to take his family to Disney World  Answer:  High school senior earns millions trading bitcoin; will use proceeds to build new science building at high school  While...

Question of the Day: When choosing from a list of 401(k) investment options, which tend to be chosen most frequently: those investments starting with the letter C, letter M or the letter Z?

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Jun 09, 2019
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Question of the Day, Investing, Retirement
Answer: The letter C Questions: Why do you think that investments with the letter C might be selected more frequently than the investments starting with the other letters?  What does your answer to the previous question say about human nature when it comes to challenging decisions with lots of options?  How can you overcome this alphabeticity bias?  Think of a decision that you recently made that had lots of choices (meals, career choices, colleges, classes to take). Describe...

Reading List for June 7-9

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Jun 07, 2019
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Financial Literacy, Parent Conversations, Credit Cards, Investing, Paying for College
Financial Literacy/Parenting In case you didn’t see this in your social media feed this past week, here is the NYT financial checklist for kids heading off to college by Ron Lieber.   Millennials Deloitte released the results of a study measuring the net worth of millennials (aged 18-35) and found that it dropped 34% from 1996 levels. Education cost increases may be largely to blame. (Yahoo) On a related note, lack of wealth is one reason millennials are delaying marriage, but they...

NGPF Podcast: Doug Lynam Describes His Transition from Monk to Money Manager

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Jun 07, 2019
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Investing, Podcasts, Behavioral Finance
Monk, personal finance educator, Marine and financial advisor. That's just part of Doug Lynam's CV which makes for a fascinating podcast. Doug shares how each of these experiences has shaped him and ultimately led to his current role as money manager. You will also learn about the motivation and key insights from his current book, From Monk to Money Manager. Enjoy!   0:00~1:12 Introduction 1:12~6:46 Early experiences with money 6:46~9:27 First job and lessons learned 9:27~15:14...

Reading List for May 31-June 2

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May 31, 2019
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Investing, Credit Cards, Behavioral Finance, Budgeting, Research, Retirement
From 403(b) plans to goal setting to digital decluttering and graduation advice...enjoy these weekend reads with your favorite cup of joe:  Thinking that annuity in your 403(b) is gouging you? You are probably right (from Barrons): "Teachers’ 403(b) plans are sold directly to individuals, rather than to employers, so the interest of the salesman was coming first. “Imagine you’re a kindergarten teacher and they’ve given you a 400-page prospectus about variable...

Reading List for Memorial Day Weekend 2019

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May 24, 2019
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Generosity, Behavioral Finance, Personal Finance, Investing
Enjoy these Memorial Day weekend reads curated by Beth with a few additions from Tim:  NGPF Podcast guest, Morgan Housel, is at it again with a valuable piece on "Realistic Personal Finance Hacks." My favorite: "A finely tuned BS radar that screams “red alert” when promises of abnormal gains without abnormal sacrifice are offered." It's a time for advice to graduates, here's a few that caught my attention (interesting to see the overlap since they come from two very...

NGPF Podcast: Gene Natali, Author of the Missing Semester, Advocate for Financial Education For ALL Students

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May 24, 2019
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Podcasts, Investing, Advocacy
 Investment consultant to large institutions by day and author, educator and advocate by night aptly describes Gene Natali and the multiple hats he wears. I first met Gene at the JumpStart National Educator Conference where he delivered a rousing keynote address that captured the audience's attention. Pulling from the best of behavioral finance, he frames financial issues in a manner that demonstrates the long-term impact of decisions. This will make even the most impulsive young person...

QoD: What worries adults most when it comes to financial matters?

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May 21, 2019
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Question of the Day, Behavioral Finance, Retirement, Investing, Insurance
From Gallup: Questions: As you think about leaving high school, what would be your top money worry? How do you think your parents/guardians would answer a question like this?  What are steps that a person can take to reduce their worries when it comes to the first three items on the list? How much do you think these answers would change during a recession (we are currently in the midst of an ongoing economic expansion)?  Here's the ready-to-go slides for this Question of the Day...

Interactive Monday: Can You Time The Market?

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May 19, 2019
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Interactive, Stocks, Investing
Another engaging interactive to dispel the notion that one can time the market.  Here's the description of the game (from Betterment) which is about 3-4 minutes long and can be played multiple times: Many investors believe (or act as if they believe) they can beat the market through timing their deposits or asset allocation. Our interactive simulation puts you in the driver’s seat to decide whether to invest or sell based on actual New York Times headlines since 1928. Click below...

Reading List for May 18-19

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May 17, 2019
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Financial Literacy, Economics, Investing, Parent Conversations, Career, Current Events
Financial Literacy New GFLEC study was released and teachers support mandated personal finance. (PRN Newswire) Tony Isola gives his take on the likely success (or lack of it) of mandated personal finance classes. The issue is not with the concept or the teachers…it is more about the structure of schools. Education/Higher Ed The Higher Ed headlines move from Varsity Blues to SATs new score. An “Adversity Score” being added to SAT scores. The student won’t know what...