I am always aiming to push my students out of their comfort zone and try new things. This is hard for everyone, but can be especially difficult for gifted students. This year, I tried to lead by example and taught a new unit on investing. I was nervous at first, but figured I'd give it a whirl and now I am hooked.
It all started, when I was sitting at my desk early September when a forwarded email came across my inbox. It was titled, "The Stock Market Game" and run by Adam Wright through Western Washington University. A friend of mine said that she was planning on having her students participate and try it, and after a moment of pause and hesitation, I decided that I would join too.
The students each get a pretend portfolio in which they learn how to invest. Students can buy and sell stocks, mutual funds, and bonds just like the real stock market. Their investments mimic the real stock market and they watch as their investments increase and decrease over time. Every team got $100,000 to begin with and could borrow an additional $50,000 if they chose to do so.
Initially, my plan was to have 4 groups at Briarwood play. I would see how it went, and then maybe the following year I would include Creekside as well. However, as soon as my Creekside students got wind of the game going on at the other school, they wanted to play too. "Please, Ms. De Jesus," they cried. "I have been investing at home since I was little and I know how to do this! Please!" (Mind you, this was said by 10 year old's.) "I've been talking to my dad about investing since I was five," chimed in another student. Thus, I allocated three teams to Briarwood and then the last team was comprised of my fifth graders at Creekside Elementary. Off we went!
We learned about diversification in a portfolio and the difference between mutual funds, ETFs, and Index funds. We looked at balance sheets, revenue, and cash flow in businesses and read articles in Yahoo Finance that told how the politics of the day affect companies bottom line and stock prices. We examined how compound interest worked and created graphs showing how early investment can benefit a wanna-be millionaire, and also hurt a person behind on their credit card payment. We watched youtube videos, videos from the Stock Market Game company and read.
The kids got into it. They talked about buying Tesla in early November and purchased a lot of it. We looked at each other's portfolios and examined what was working and what wasn't working. Students went home and chatted with their parents about what companies would be good investments and which ones should be passed up. They came with lots of ideas and talked eagerly about money and investing.
Every week, after check in on the mood meter, my 4th and 5th graders anxiously opened their portfolios and cheered in joy (or groaned in dismay) about what they found. Trades were made and the kids were ambitious.
When the game was coming to a close, my students were succeeding. One of the Briarwood teams placed first. There were 28 teams in Washington for elementary ages students and all four of my teams came in the top 6. We were also 5th out of 308 teams in the state, if you look at our competition against high schoolers and middle schoolers as well. Basically, my kids kicked butt at investing and I learned a ton in the process.
Additionally, a side affect of the Stock Market Game was my own learning about investing. The project made me relook at my portfolio and diversify some of my holdings. I bought some stocks at opportune times and made calculated decisions based on all I had learned. I created portfolios for my own sons. Students were so excited about TESLA, that it made me look into it as well and buy some in real life.
In reality, this Stock Market Game was one of the best units I have taught in a while. It got me learning again, several of my students are considering finance as a career path, and there was a real life application to the work. It was phenomenal and I recommend it to anyone looking for new math unit that pertains to life outside the classroom. This is the unit I wish I had in school.