Day 41 (PF)

In Week 8 students build on their understanding of Week 3 Retirement Investing with more specific information on how to invest. As discussed in Week 3, today’s generation of college students will not have access to defined benefit retirement plans and will likely need to be less reliant on Social Security for retirement income. Consequently, their knowledge and understanding of investing will need to be greater than previous generations. In addition, students have access to a greater variety of investment options than ever before. Today, a student can place an online commodities trade faster than they could walk to a bank or credit union and purchase a certificate of deposit.In Budget Challenge the students’ primary investment decision is how much money will be payroll deducted and placed in their retirement account. The budget reality of most students recently graduated from college is that retirement investing will be their likely and only investments for several years. They will be paying bills and saving for things like a down payment for a house, but most will not be investing yet.

Before you leave class today you will learn about:
  • Short term and Long Term Investing (CW8.1)
  • Investing Vehicles (CW8.2)
  • Investment Terminology (CW8.3)
  • Diversification (CW8.4)
  • How to invest (CW8.5)

RIGHT NOW:

  1. Log in to your Budget Challenge account
  2. From your Dashboard under Written Tests click  VIEW DETAILS and next to (CW8) INVESTMENTS click UNIT MATERIAL
  3. READ EVERYTHING & WATCH ALL THE VIDEOS!! TODAY IS A LEARNING DAY!!
  4. Once you feel like you know everything there is to know from the Unit Materials, take the quiz–you do not have to do this today!!
  5. A SIMPLE INTRODUCTION TO INVESTING:https://wealth.visualcapitalist.com/simple-introduction-investing/?utm_source=Next+Gen+Personal+Finance&utm_campaign=0b9ffa8ae8-6_Days_of_NGPF_2017_12_07_COPY_01&utm_medium=email&utm_term=0_3711609f5e-0b9ffa8ae8-236798725
  6. HOW TO START INVESTING: A SIMPLE GUIDEhttps://wealth.visualcapitalist.com/how-to-start-investing/?utm_source=Next+Gen+Personal+Finance&utm_campaign=0b9ffa8ae8-6_Days_of_NGPF_2017_12_07_COPY_01&utm_medium=email&utm_term=0_3711609f5e-0b9ffa8ae8-236798725
  7. KEEPING YOUR EYES ON THE PRIZE: TIPS FOR BEGINNER INVESTORShttps://wealth.visualcapitalist.com/tips-beginner-investors/?utm_source=Next+Gen+Personal+Finance&utm_campaign=0b9ffa8ae8-6_Days_of_NGPF_2017_12_07_COPY_01&utm_medium=email&utm_term=0_3711609f5e-0b9ffa8ae8-236798725
  8. WHAT IS A TARGET DATE FUND?https://wealth.visualcapitalist.com/target-date-fund/?utm_source=Next+Gen+Personal+Finance&utm_campaign=0b9ffa8ae8-6_Days_of_NGPF_2017_12_07_COPY_01&utm_medium=email&utm_term=0_3711609f5e-0b9ffa8ae8-236798725

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