Nov 14, 2018
Parent Conversations, Credit Cards, Paying for College, Career, Checking Accounts, Stocks
I often hear this question from friends and family, "How can I teach my kids about money?" While we developed our website and resources with a classroom teacher in mind, they work well at home too. I think milestones present great opportunities for this learning to take place between parent/guardian and child.
Here are ten money milestones in the life of a teenager with a link to a favorite NGPF resource (or two) that can help kids "learn by doing."
Opening a bank account
Oct 05, 2018
Podcasts, Investing, Stocks, Research
Read a Morgan Housel blog post and you'll get an engaging yarn, an analogy that simplifies a complex financial topic, and perhaps even a history lesson or in-depth look at the behavioral tics that make us human. Having graduated just prior to the Great Recession, Morgan cut his teeth at the Motley Fool prior to his recent gig as a partner at the Collaborative Fund, a venture capital firm. He’s written over 3,000 articles in the past decade, and he’s amassed quite the Millennial...
Sep 16, 2018
Question of the Day, Investing, Stocks, Behavioral Finance
When do you think you will start investing in the stock market? Explain your answer.
Why do you think that the percentage of young people investing in stocks has dropped so much since 2001-2002?
Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Gallup Poll):
Aug 30, 2018
Investing, Question of the Day, FinCap Fridays, Stocks, Compound Interest, Current Events, Savings
We know your students have a fascination with the stock market. Use the market's recent record-breaking performance to start a discussion about the pros/cons of investing. Learn more in the third installment of FinCap Friday, The Raging Bull.
For a quick refresher, our FinCap Fridays include...
A five question Kahoot!
A 90 second video providing details about the current event and explaining why it matters to students
A discussion prompt
Activity ideas to extend the learning...
Aug 12, 2018
Question of the Day, Investing, Stocks, Current Events
Here's a chart that shows their incredible increase in value over the past 18 years:
Which Apple product do you think has had the largest impact on the value of the company?
Looking at the graph, if someone had invested $100 in Apple stock in 2000, how much would it be worth in 2018?
Based on the graph, was the iPhone an initial success?
What company do you think might be the next to $1 trillion? Explain your answer.
Click here for the ready-to-go...
Aug 03, 2018
Personal Finance, Parent Conversations, Current Events, Taxes, Stocks
New for/about High School Students
I never thought cellphones in the class was a good idea, but what a battle! Here is some evidence that supports banning them. (Don’t miss the video about parents use of cell phones as well!)
High school kids fill out all kinds of surveys trying to help them through the college/career maze ahead, unaware that their data is being sold!
Parents may worry about their new college student succeeding away from home. Here is some advice on preparing them...
Aug 03, 2018
Podcasts, Retirement, Investing, Stocks, Index Funds
Ten years into his retirement, former LAUSD elementary school teacher and author Steve Schullo is still fighting the good fight for teacher retirement plans. This go-getter shares the insights from his teaching career and his passion to fix the current 403(b) mess. As the author of Late Bloomer Millionaire, you will learn how Steve's savings and investing plan helped him achieve a healthy nest egg. Listeners will also learn why he wrote Fighting Powerful Interests and the changes he...
Aug 02, 2018
Investing, Stocks, Behavioral Finance, Research, Math, Chart of the Week
Hat tip to the Wealth of Common Sense blog for updating their performance charts which help demonstrate a key concept in investing: risk. Risk is one of those nebulous concepts for teens who have never experienced a severe market correction while holding stocks. These charts help elucidate risk from a mathematical perspective by plotting returns for the three basic asset classes: cash, bonds and stocks. By using the same scale for each, it becomes more apparent which is the riskiest asset. ...
Jul 23, 2018
Investing, Stocks, Index Funds
“Earnings Are Booming. Stocks Not So Much.” So reads the title of a New York Times DealBook article on July 20. For those who have heard the mantra that "company earnings drive the stock market," this headline perplexes. This title resonated with me, probably because I have been reading The Little Book of Common Sense Investing by John Bogle for this month’s FinLit Fanatics book club. Let’s outline some of the lessons from the book and then see how the might...
Jul 18, 2018
Behavioral Finance, Interactive, Investing, Stocks
Hat tip to Big Picture Blog which pointed to this Jason Zweig article about whether our brains are wired for wealth. It's a great read and buried within it is a reference to the Iowa Gambling Task, which provides a good proxy for decision-making and risk-taking. Here's the premise of the game: you start The game takes about 5-10 minutes and I created a set of reflection questions (below) and here's link to a PBS video explaining the brain science behind the game.
Here's the opening screen...
Jul 17, 2018
Investing, Stocks, Current Events
What if in the 1996-97 time frame you were asked the question:
Would you rather spend $120,000 on a 1952 A+ Mickey Mantle baseball card or buy 8,000 shares of this new online bookseller based in Seattle?
Regardless of whether you were a Yankee fan or not, you probably would have thought the baseball card was a sure thing in retaining and probably increasing in value...and you would have been right. It did more than retain its value. As for that online bookseller, I think you know their...
Jul 12, 2018
Investing, Activity, Stocks, Behavioral Finance
How can we teach students about the stock market when they have no investing experience?
I listened to this Masters of Business podcast with Barry Ritholtz interviewing investor and author Joel Greenblatt and picked up a few good ideas. Joel is not only a practitioner (a very successful hedge fund manager) but also an educator having spent the last 20+ years as a professor at Columbia Business School. Joel described the challenges of describing the stock market to a group of 9th graders at...
Jul 10, 2018
Investing, Stocks, Interactive, Current Events
Use this interactive to show how the U.S. economy as represented by the DJIA has changed. Click on the start button and you this interactive will show companies entering and leaving the index over time. You can also pause it as these changes occur.
Note: This CNN interactive hasn't been updated to reflect GE getting booted out in June 2018. Who was their replacement? Answer below.
How has the composition of the Dow Jones Industrial Average changed over the years as...
Jun 22, 2018
Current Events, Employment, Personal Finance, Taxes, Stocks, Insurance
States cleared to charge sales tax on online sales and banks pass first phase of the Fed’s stress tests, wait to hear if they can buy back shares or increase dividends.
As baby boomers retire, there are fewer workers to take their places. Who will support them? This WSJ article includes some informative maps.
The FRB of Atlanta published an article detailing its findings on industries facing a shortage of workers.
One aspect of...
Jun 01, 2018
Podcasts, Investing, Index Funds, Stocks
Harvard Business School professor, founder of influential investment consultant Greenwich Associates, chair of Yale University investment committee (top performing endowment led by David Swenson), director at Vanguard Investments and one of the earliest proponents of index investing. Oh and he's written many best-selling books too. We obviously had a lot to talk about. Still working 70 hour work weeks at 80+, Charley generously shares what he's learned over his lifetime as an investor and...