$ic student investment clubs: real world experience with financial markets dr. teresa yohon,...
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$IC
Student Investment Clubs: Real World Experience with Financial Markets
Student Investment Clubs: Real World Experience with Financial Markets
Dr. Teresa Yohon, Colorado State University, Fort Collins, Colorado
[email protected] Dr. Cyril Kesten, University of Regina,
Saskatchewan, Canada [email protected]
October 12, 2006 NCEE
$IC Definition$IC Definition
A Student Investment Club is:– made up of 12 to 15 students who,– over their four years of high school,– learn the values of regular savings, financial
analysis, social learning and group decision making.
• Through the development of a real investment portfolio, which includes short and long term investments, the Student Investment Club gives its members an opportunity to become financially literate.
October 12, 2006 NCEE
$IC Activities$IC Activities
Focus on Financial Literacy
Learn about investments, economics & financial liquidity
Review & analyze financial statements
Share info about investments & market sectors
Make appropriate investment decisions
October 12, 2006 NCEE
Why a Student Investment Club?Why a Student Investment Club?
• Creates a “real” experience for students• Recognizes the value of regular savings and
long-term investing• Allows club members to manage and direct
their own learning• Allows members to become financially literate• Allows members to integrate skills and
information from a variety of ‘school’ subjects for meaningful purposes
October 12, 2006 NCEE
Components of a Successful $ICComponents of a Successful $IC
• SIC Leadership• Chair, vice chair, secretary, treasurer,
education chair• Student mentors• Teacher-advisor
• Partnership Development• Stockbrokers, financial planner, adult
investment club
• Content Coverage
October 12, 2006 NCEE
Components of a Successful $ICComponents of a Successful $IC
• SIC Recruitment• Recruit junior high/middle school students• Clone clubs as needed
• Communication and Public Relations• Web site• Invite community/school to educational activities
• “Money” Availability• Virtual versus real money• Fundraising activities similar to other
organizations
October 12, 2006 NCEE
$IC Organization$IC Organization
FormationFormation
OfficersOfficers
MembershipMembership
DissolutionDissolution
Constitution ComponentsConstitution Components
ProceduresProcedures
FinancialsFinancials
VotingVoting
Guests/ Guests/ New MembersNew Members
Banks/Banks/BrokersBrokers
October 12, 2006 NCEE
$IC Content$IC Content
Learning Stage ILearning Stage I Learning Stage 2Learning Stage 2 Learning Stage 3Learning Stage 3
Work Group Skills
• Parliamentary Law
• Team Work Skills
Economics/Financial Skills
• Market Operation
• Economic Concepts
• Financial Statements
• Financial Planning
Adv. Financial Concepts
• Business Statement Analysis
• Conducting Market Research
• Sophisticated Invest- ment Opportunities (such as index funds)
• Understanding risk
Continuing Ed
• Specialized Financial Topics
• New Sector Investment Opportunities
October 12, 2006 NCEE
First Semester Educational ContentFirst Semester Educational Content
Parliamentary Procedures
• Agenda & Report development
• Discussion mgt.• Constitution
development• Rules & procedures
establishment• Committee
development
Teamwork and Group Skills
• Group norm development
• Group development cycle
• Conflict resolution
• Active listening
• Goal and timeline setting
• Group work ethics
• Presentation skills
October 12, 2006 NCEE
First Semester Educational ContentFirst Semester Educational Content
Economic Concepts
• Scarcity• Opportunity cost• Supply & Demand• Comparative
advantage• Economic
indicators
Financial Concepts
• Personal financial “agenda”
• Financial opportunities
• Personal saving concepts
• Stock market basics