Day 37 (8)

Your Financial Future: You will accompany Chris, a recent college graduate, as he goes through a “life simulation”, helping him make insurance and investment decisions at critical life milestones. You will help Chris select different insurance policies (and experience how random, unexpected occurrences can lead to financial loss), and help him adjust his investment portfolio as he nears retirement age. GOAL: When you leave class today, you will be able to ………

  1. Model insurance decisions that can be used to minimize the risk of financial loss
  2. Categorize the kinds of expenses that typical auto, renters’, homeowners’ and health insurance policies cover
  3. Describe the differences between a premium, deductible, copayment, and coinsurance
  4. Investigate the use of liability insurance to cover accidental bodily harm or damage to another person’s property
  5. Describe and compare stocks, bonds, and mutual funds based on their typical risk and return levels
  6. Suggest appropriate investment types for people based on their risk tolerance and investment growth timeframe
  7. Explain how money invested regularly over time may grow exponentially
  8. Explain how stock markets facilitate the buying and selling of securities

RIGHT NOW:

  1. Log in to everfi.com
  2. Complete Module 6: Your Financial Future
  3. Run a Corporation
GOAL: When you leave class today, you will be able to……..
  1. Find companies on the New York Stock Exchange website
  2. Identify stock information for companies listed on the New York Stock Exchange
RIGHT NOW:
  1. Today you will be researching stock prices and trends of companies that manufacture and sell the products and services you use.
  2. Get the Comparing Stocks worksheet and complete Part 1 of the worksheet.
  3. Get Part II from your teacher. You will use the NYSE website to complete the Part 2 of the Comparing Stocks worksheet. Note: If you are unable to find a company on the NYSE site conduct a search to find out the parent company in order to find stock information.
    1. Using your computer begin your stock market research. Navigate to the following webpage: www.nyse.com
    2. Do you know how to search for companies on the NYSE website? Use the search feature in the top right corner of the website. Once a company is found, be sure you know how to locate the following information:
      1. NYSE Symbol
      2. Highest Price
      3. Lowest Price
      4. Yesterday’s Closing Price
      5. 1 month price history (Located in the price chart section of the “Quote” page)
  4. Share your findings, using some of the following questions:
    1. What companies did you research?
    2. Who had the highest stock price?
    3. Who had the lowest stock price?
    4. Have any of the companies had an upward stock price trend in the last month?
    5. Have any of the companies had a downward stock price trend in the last month?
    6. Did another company own any of the companies you researched?
  5. PLAY STAX BY FOLLOWING THE INSTRUCTIONS IN THIS HANDOUT–GET THE PRINTED VERSION FROM YOUR TEACHER–PORTFOLIO DASHBOARD REFERENCE GUIDE–You can get a printed version of this from your teacher also.