Students should understand that after people have saved some of their money, they must decide how to invest so their savings can grow over time.
Use The Mint on Investing as a shared reading. Project the text. As students read, ask them to search for answers to the following questions: Why do people invest? How do people invest? What happens to an investment over time? Then use the Saving Calculator and the When Will You be a Millionaire Calculator to see how savings and investments can grow over time. |
FINANCIAL INVESTING
SS.4.FL.5.1 Explain that after people have saved some of their income, they must decide how to invest their savings so that it can grow over time. SS.4.FL.5.2 Explain that a financial investment is the purchase of a financial asset such as a stock with the expectation of an increase in the value of the asset and/or increase in future income. |
Decisionomics Activity on Investing
DECISIONOMICS ACTIVITY: Use the Secret Millionaires Club episode #8 The Big Trade Off webisode on investing. This activity also uses the SMC activity on investing: More than a Good Rate.
Planning and Goal Setting: After viewing, students should understand some of the basic concepts associated with making decisions about investing. Discuss the concept of trade-offs; students can discuss some trade-offs they have made int heir own decisions. Trade-offs need to be made when buying products and also when considering where to invest money. Money is invested because people expect return on the investment. Types of investments include: savings accounts, certificates of deposit, mutual funds, stocks, and bonds.
Making the Decision: Using the table on the third page of More than a Good Rate students consider the decisions that the different individuals should make, based on the evidence in the table and the text (questions).
Assessing Outcomes: Think about the decisions for the individuals. How could this change in the future? What investment account is best for you now? How could this change in the future? What are the trade-offs?
Additional Resources and Lessons:
Biz Kids on Investing: Great episodes viewing about investing. Although created for middle school, upper elementary can use.
Federal Reserve on Investing: More information on investing
Stock Market Simulation: information for involving your students in the stock market
WSJ video on teaching children the basics of investing
Investing Lesson from InCharge: Investing is lesson 3
Investing Lesson 3
Planning and Goal Setting: After viewing, students should understand some of the basic concepts associated with making decisions about investing. Discuss the concept of trade-offs; students can discuss some trade-offs they have made int heir own decisions. Trade-offs need to be made when buying products and also when considering where to invest money. Money is invested because people expect return on the investment. Types of investments include: savings accounts, certificates of deposit, mutual funds, stocks, and bonds.
Making the Decision: Using the table on the third page of More than a Good Rate students consider the decisions that the different individuals should make, based on the evidence in the table and the text (questions).
Assessing Outcomes: Think about the decisions for the individuals. How could this change in the future? What investment account is best for you now? How could this change in the future? What are the trade-offs?
Additional Resources and Lessons:
Biz Kids on Investing: Great episodes viewing about investing. Although created for middle school, upper elementary can use.
Federal Reserve on Investing: More information on investing
Stock Market Simulation: information for involving your students in the stock market
WSJ video on teaching children the basics of investing
Investing Lesson from InCharge: Investing is lesson 3
Investing Lesson 3