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To: re3 who wrote (26661)3/21/1999 5:11:00 PM
From: heraclitus  Read Replies (1) | Respond to of 86076
 
Teaching our kids to "invest"?

I listened to a very disturbing news story on NPR yesterday about schools around the country teaching our kids to invest. The kids get to pick stocks based on various FA such as "i like the name" and "my dad says it's going to split and that's a good thing", etc. One particular class started with a fictional $100,000. The NPR person doing the story went on to explain the kids are being taught that in a "good" market the 100,000 can be parlayed into $160,000 plus per year. In a "not so good" market the $100,000 may hardly go "up" at all.

What a wonderful lesson these kids are learing from this mania. I will be interested to see if there are any followup stories documenting the value of that porfolio when the market turns "really not so good".

homey da bear