One great resource that I have used numerous times in the past few years is through the Financial Planning Association. A certified financial planner will come to your class and provide great information about saving, spending and giving back.
After explaining some basic terms like save, spend, opportunity cost, inflation, and compound interest students are ready to learn about investments. There are videos, articles, and games to play that reinforce the history and function of the stock market. A short exam is prepared to see what students learned.
While you are waiting to take the exam you can be working hard to get your business license completed. You will need to work with your partner to get a business name, motto (slogan), and address. Once you do this, you can proceed to creating your business card for your company and writing a letter home to your first potential client (your parents). Once this is complete we will work hard to begin researching company stocks and picking the best stocks.
Our online e-trading system that we will use is called Virtual Stock Exchange (VSE) Learning How do I register for an account is free and required. This simulation software will record your ranking once you join our class competition. If you are at home watching this video I will give you a password to join our class competition tomorrow.
Have you spent all your parent's money?
Time to send home a postcard showing how you have spent the $100,000.00 that your parents have trusted you to invest. Click here for the video showing how to send this postcard.
Please note that some of the videos, quizzes, and games are fee based and require specific logins.
y now you know that you are taking a 9 week Business simulation course. What you didn't know is that your venture will end with an investment company that you and your partner will form.
Students from our past classes are found on this web page. A list of some our corporate sponsors are also listed. Winners of our past competitions have worked very hard to build a winning portfolio of great stocks that have outstanding value. I wish you the same success that they received. Remember that you can ask family member, conduct internet research and/or watch the stock channel for additional help on picking stocks. You will be given a very limited time throughout the nine weeks to work on your portfolio. The rest of your time on the stock market can be done from home or after you finish your daily assignments. You can check your stocks before typing each day. There are questions that we will answer as a class. The competition you are joining is judged based on your gains. This means that the person with the most money will win. I wish you the best. So you can see your progress, you will be ranked daily by your progress. **Note: That person must end my class with an "A" or "B" to be considered for any prizes!
he prize winners for each nine weeks is determined by overall ranking. The Virtual Stock Exchange software updates these rankings at night. I have no way of controlling this part of the software. If you feel there is a problem with the game competition, please let know and I will email the company.
Using http://bigcharts.marketwatch.com/ can help with your investment decisions.
Stock Market Simulation Games:
http://federalreserveeducation.org/ - A great site for educational resources. Also features some games.
Hoovers: Delivers comprehensive company, industry, and market information before you buy that company stock.
Smart Money: Get help with personal-finance issues in the Answer Center, or get investing ideas from Smart Investor.
Google Money: Financial news from http://www.google.com/finance
Bridge: Information Special Reports, Market Updates and analysis.
USA-Today: The newspaper online.
Other Cool Links:
Investors.Com - See this awesome new site to help those who want to invest for the future. A great place to visit.
http://www.moneyinstructor.com/ - Great site for educators to help them teach financial literacy.
How do I save using compound interest?
How should I invest money?
Four thing you can do with money; What are stocks, Why Buy Low/Sell High?; What is Last Trade?; What does Change mean?; What is Risk Factor?; What does E.P.S. mean?; What is Market Cap?; What is 52 Week Hi?; What is 52 Week Lo?; What are Shares Outstanding?; What does Wall Street have to do with stocks?; What does NYSE stand for?; What is a Bull Market?; What is a Bear Market?; What is the S & P 500?; What is the Dow Industrial Average?; What is Compound Interest?; Why invest in stocks?; Why invest early?;