I always struggle with ways to teach students the right lessons about investing. What are the right lessons? If I had to narrow it down to four concepts: 1) Know yourself and your risk profile (the best investing strategy comes undone if you can’t stick with it) 2) Diversify 3) Understand the relationship between risk and return. 4) Experience the power of compound interest and how it creates wealth. So, how did a 50-year old board game developed by 3M teach these concepts to a 9th grade classroom in a fun and engaging way?
I had to be creative to track down this game, Stocks and Bonds (product feature video here), but there is no retail search that Amazon can’t solve and I quickly snapped up a few lightly used versions of this game. I then tested it with my daughter to try and determine how this might work in a classroom setting. I drove to school on Monday still ruminating on how I would adapt this board game (how retro) to a 26 student classroom. I also wondered whether a 50 year old game would engage an audience raised on video games.
So, here is how the game