Hat tip to The Reformed Broker for this thought-provoking chart which will get your students thinking about the importance of asset allocations:
Questions for students:
Getting close to the end of June, so I thought it was worth checking our website analytics to see what new blog posts are garnering attention as the school year wound down in many parts of the country.
Here are the top 5:
It was great to have Kiplinger editor Janet Bodnar on the podcast recently. As a newly minted college graduate, I recall leafing through a Kiplinger magazine (pre-internet) and benefitting from their practical, easy to understand financial advice. As an editor, columnist and author, Janet has an amazing depth of knowledge about personal finance. We focused our conversation on what we should be teaching young people about money as well as the importance of encouraging women to develop financial skills. You will get great advice about investing while learning about Janet’s collecting habits which she gleefully displays on her home refrigerator. Enjoy!
This has been a big week of news related to the Retail Industry in the U.S., with implications for the economy, jobs, shoppers, and investors. This post will explain the big events for the week, their implications for you and your students while also providing activities and lessons that are aligned to these current events.
Ok, I’m dating myself here but had to include this story for those of my generation who recall the glee that came when the postman delivered the Sears catalog in time for the holiday season. I also recall 20 years ago getting the call to come to Chicago to Sears HQ to hear executives describe to investors that all was OK despite the billions in write-offs they announced overnight in their credit card unit (note to self: when retailers are worried about hitting their sales targets, they lower the standards on their credit card underwriting which boosts sales in the short-term and you can guess what happens in the long-term). Now, 20 years later, the Washington Post is chronicling the downfall of Sears that includes distressing quotes from experts like this:
Lots of drive time this week, which means lots of good podcast listening. Here are four that I thought you would enjoy:
Recently, Bitcoin, the most famous of the cryptocurrencies, has soared to all-time highs (Fortune, May 2017), increasing the amount of press attention and internet searches (Google Trends, May 2017) surrounding the little-known digital currency. We’ve also heard this question from many of our users, “what is Bitcoin and what do my students need to know about cryptocurrencies”? You are not alone! 83% of respondents in a 2015 survey conducted by PwC were “slightly familiar/not at all familiar” with cryptocurrencies (PwC, August 2015).
Although a complex topic, we will attempt to shed some light through this brief primer:
Cryptocurrency Explained in One Paragraph: “Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Bitcoins [and other cryptocurrencies] can be used to buy merchandise anonymously. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.” (CNN Money)
What is Bitcoin (and how is it different from traditional currency)? Bitcoin and other cryptocurrencies, such as Litecoin, Ethereum, Zcash (Investopedia, 2017), are digital, de-centralized, and verified currencies.