Can you recommend a game or curriculum

[Ginevra]

For teens to learn about investing in the stock market? My ds had a meltdown last night with the whole, “why do I have to do this; I will never need to know it; why don’t schools teach something useful like how to do the stock market?” rhetoric so common for his age group. So I would like to offer him an opportunity to actually learn about the stock market because right now, he definitely has magical thinking about it and does not understand that you can lose a crap ton of money that way, that it’s not all success stories. I don’t want to just lecture him, which goes in one ear and out the other. 

[Carrie12345]

How do you feel about the f word? 
I know it’s just a book rather than something more interactive, but I felt like I Will Teach You How To Be Rich would be pretty enlightening to teens. It emphasizes investing without trying to beat the market.

[Jaybee]

I haven't done any research on this, but you might see what you can find as a consumer math or business math. It has a whole different approach, and includes things like different kinds of interest, etc.

[Guest]

10 minutes ago, Carrie12345 said:

How do you feel about the f word? 
I know it’s just a book rather than something more interactive, but I felt like I Will Teach You How To Be Rich would be pretty enlightening to teens. It emphasizes investing without trying to beat the market.

Not opposed to a few f bombs, he could certainly handle it. I’ll check it out. 

[Guest]

10 minutes ago, Thatboyofmine said:

I can tell you how I'm learning about it...  I put some money in Robinhood and I'm finally learning how it works, slowly but surely.    @Bootsiemight have a good suggestion.   I would maybe give him $30 and let him play around with Robinhood and see how it changes from day to day.  

That is a good idea. 

[Katy]

It’s not a formal curriculum, but get him reading the FIRE subreddits. Or maybe skim them yourself. They have books they recommend frequently there, he could read them all. 

It’s about investing in the cheapest and highest return way: no or low cost index funds.  Invest as much as possible, retire early. There are groups for FatFIRE (want to retire early, but with a lot of money, luxury, abd status symbols), and LeanFIRE (possibly in their 20’s, live very cheaply, possibly in a developing nation).  And regular Millionaire Next Door, buy fewer higher quality things. The they might have a rolex, but probably drive a corolla type of have money but are rarely flashy or ostentatious about it. 
 

Also I’m not sure they’ve done it but I remember a talk from the Khan Academy guy about how he went from some statistical field into the stock market. I think he mentioned something about how using advanced math in the markets leads to million dollar salary investment jobs, with some hint that they might put some information about that on Khan eventually. I remember being surprised and googling it, and sure enough with a PhD in math, physics, or statistics you can earn millions on Wall Street.

[SDMomof3]

We use the Stock Market Game, it designed to teach kids about the market and investing

https://www.stockmarketgame.org/

[prairiewindmomma]

I’d have him look into the resources at tastytrade.

With the end of traditional pensions most of us do have some to most of our retirement tied to the stock market. Knowing how to pick a good index fund is an important life skill, imo. 

[LAS in LA]

DS is enjoying the BJU Press Economics curriculum this semester. We’ve never used their materials, but I picked up an old edition (1999!!) at a thrift store and for the nuts and bolts of Econ. it’s been great.

ETA: No f bombs. 😂

Edited March 12, 2021 by LAS in LA

[matrips]

We did a 4h club one year using the Stock Market Game.  They have a complete curriculum with lesson plans, questions, handouts etc.  You may need to sign up as reacher to access all of it.

 

 

[MercyA]

My husband always recommends Investing Made Simple. 

[amiesmom]

My kids use a website called investopedia to make pretend investments, it follows the actual stock market so they can track their gains/losses.

[importswim]

8 hours ago, SDMomof3 said:

We use the Stock Market Game, it designed to teach kids about the market and investing

https://www.stockmarketgame.org/

This is what DS is using with his co-op class.

[Bootsie]

I have my students play a stock market simulation game that I create on Virtual Stock Exchange - MarketWatch .  There are public games that anyone can play, but you can also create your own game and allow only the people you want to allow into the game--you could set up a competition in your family or for his friends. This allows thems to enter trades with play money and see how their portfolio will do.  This isn't a curriculum but it does give students exposure to the language and shows them what all is involved in being a stock trader.  And, it can show students how making money is difficult; they hear about the winners, but not the losers.  This semester I started my students off with $100,000 of play money, within two weeks I had one student who had a balance of $380,000 (he got very lucky with Gamestop), I had another student who down below $3,000 (he got very unlucky with Gamestop)--it has been eye opening for them. 

If you give me an idea of what you might want--how in-depth, how mathematical, stock analysis, videos, books to read, how much economics, etc. I can see about point you to some resources.  Much of true stock market/investment material depends upon having a strong background in math, accounting, and economics.  

Feel free to PM me if there are specifics you are looking for and I will see what I can find.