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Dollars and Sense: Kids Invest in Funds -- and Their Own Future
At this Chicago school, students in grades K-8 hone math skills and learn practical, lifelong lessons in finance by managing a $20,000 class stock portfolio.
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The importance of financial education for children
Submitted by Stock Market Investment Research (not verified) on April 1, 2008 - 19:56.
I wish I would have had an experience like that. Learning to invest is important. It is good for children to understand that they can make money with out really having a job. Passive income streams ought to be taught more.
Financial literacy for children
Submitted by Nadine Aroyo (not verified) on March 10, 2008 - 04:11.
We are very interested in hearing more about your efforts to bring financial literacy to children, and help them be aware and secure their futures.
We are OINK! the Business Newspaper for Kids, primarily aimed at 7 to 12 year olds. OINK! is pink, like the Financial Times, full of money matters for kids and is distributed FREE each month upon request to schools, libraries, children’s hospitals and sports clubs across the United Kingdom.
Over the past four years we have built a steady reputation of bringing information about money and commerce to kids in a fun, creative and highly stylised way. The newspaper’s content is cutting edge, ground breaking and often thought provoking, and has won recognition from the National Literacy Trust and the Schools Library Association as an important literacy and learning tool.
Amongst our many supporters, we are pleased to include the Bank of England, the London Stock Exchange, the Financial Times, ICICI Bank, Capital Disney, FUN radio, SEGA, Hamleys, SONY, Bandai.
We produce a daily radio show, OINK! ON AIR, which is broadcast on www.oinkonair.com
We have recently introduced the Piggybank® Fantasy Stock Exchange™ which provides kids with a fantastic opportunity to learn all about stocks and shares and play the stock market absolutely free.
Below please find a link to our websites.
www.piggybank.co.uk
www.fantasystockexchange.biz
www.oinkonair.com
Why limit this to certain racial/ethnic groups?
Submitted by Tim Lang (not verified) on February 25, 2008 - 21:07.
As a person who has always advocated for stock market competitions and learning in our public schools, I was pleased to see this program working for the Chicago City Schools. I was however, dismayed at the comment by John Rogers stating that this was a program for African Americans. Why must it be limited to racial/ethnic specific groups?
Good but why limited to African Americans?
Submitted by Anonymous (not verified) on February 25, 2008 - 21:01.
This seems like a wonderful program for all students. I was distressed to hear that the Ariel representative say it was for African-American students. Imagine if a white businessman ran this program and said that it was for white students! This is unacceptable.
This project should be applied to every single school
Submitted by Andrew (not verified) on February 20, 2008 - 07:44.
According to the video, the class of approximately 15 people receives $100 each. That is some $1500 they made themselves already, and that is half of their total profit which would approximately be $3000
what if ten schools had this?
15,000 dollars of donations to charity
What if thousand schools had this?
$1,500,000 dollars of donation purely created by students.
Is it hard to teach something like this in AP Econ? World would be such a better place.
This is a great application
Submitted by Jeff (not verified) on November 12, 2007 - 10:08.
This is a great application for schools to implement in their classrooms. However, not every school district has enough money to front $20,000 for this project. However, these students are using real money to make decisions on the stock market. Instead of picking random stocks in a virtual portfolio, these students are participating with real money. This is an outstanding project that can be used in any school district that can find $20,000 for this project. Also, it is interesting that their math skills have soared over the last five years to exceed state standards due to this project.
Finance
Submitted by Stephanie Paris-Cooper (not verified) on October 12, 2007 - 16:13.
Absolutely wonderful story and school. Financial literacy and wealth development information should be of access by all. I am so excited about the concept of the school and would only hope that it's success could be replicated.
Economics
Submitted by Chuck Robbins (not verified) on October 9, 2007 - 15:30.
Great story of what can be done - But is it replicable?
The advantage that Ariel has, which I doubt can be duplicated on any scale, is that Mr. Rodgers provides the students with REAL money...and money that is THEIR money if they make a profit. I do a stock market project with my seniors, but it is hypothetical money - and they know that. A person responds much differently and learns much more (especially about risk aversion) if he/she are using their own money instead of "other people's money" or "play money." For most public and private schools, I doubt that donors will be queing up to provide 6th grade classes with $20,000 a year. In my district alone that would be a couple of hundred thousand a year. While it's a great story, I am a bit more interested in something I could actually do.
Is Ariel Academy Replicable?
Submitted by Ken Ellis (not verified) on October 18, 2007 - 11:33.
Good question. John Rogers of Ariel Capital Management thinks it is a model for public/private partnerships. Perhaps you can contact him in Chicago and see if he has any ideas for your school. I know this seems like the impossible dream, but you never know if you don't ask. We hear lots of school administrators saying, "that's great, but we couldn't possibly do it in our school". That's the easy way out of having to think outside the box. We have found that there are surprising resources available in every community to those who seek them.
Enlightening Story
Submitted by Scott Guild (not verified) on October 8, 2007 - 17:09.
I would be interested in a longitudinal study of these young people to see if their financial behavior is influenced by their early exposure to business,stocks and entrepreneurship.
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