What Students Can Learn from Taking Financial Risks in Class
NEW YORK, N.Y., Jan. 9, 2015 (SEND2PRESS NEWSWIRE) — When students get a chance to take calculated risks with their money — it increases their potential for success in adulthood, study finds. According to Don Barnett, author of The Wall Street Survival Guide and a former trader, the notion that students should not take a calculated risk in money management because they are junior high school students and should take their money in the bank is outdated. “The attitude that students should invest their money in safer products is old school and doesn’t allow people to do their own financial research,” Barnett said.
Barnett, who runs and is a board member of Create a Future Success College Investing (CFSCI), a nonprofit, encourages students to firstly develop a working knowledge of investing — investing specifically during their summer break. “Investing is a learning experience that gives them an even better chance of succeeding and flourishing after graduation. And, once they have the skills and knowledge, they can then take some calculated risks in the classroom. “Instead of buying an index fund that automatically grows your money like an investment, a student should be able to earn higher returns on his money over time in exchange for the risk of significant loss.”
Even if students can’t take a risk in the classroom, they should be able to take a risk at home. “Students should pay attention to the investment decisions their parents make and educate themselves on financial markets,” Barnett said.
Barnett suggests students examine their parents’ personal and professional finance decisions. “What did they buy and sell, and how much did they earn? Do they have a good record for researching stocks? What do they invest in?” Barnett said.
Barnett’s book, “The Wall Street Survival Guide: How To Paine Webber’s Peter Lynch and Invest Like A Pro Without Breaking Your Budget,” and “The Wall Street Survival Guide: The Intelligent Investor’s Guide To Market Analysis,” both published by John Wiley & Sons, hit stores Jan. 5, 2015. The books discuss smart strategy and strategies for investing, trading, and managing money.
For more information about the books, visit http://www.createafuturesuc… .
* PHOTO: Send2Press.com/wire/images/15-0109-don-barnett-300dpi.jpg .
* Photo Caption: Don Barnett.
News issued by: Create a Future Success College Investing
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Original Story ID: 2015-01-0109-003 (9929) :: what-students-can-learn-from-taking-financial-risks-in-class-2015-01-0109-003
Original Keywords: financial education, investment, Don Barnett, The Wall Street Survival Guide: How To Paine Webber Peter Lynch and Invest Like A Pro Create a Future Success College Investing New York New York NEW YORK, N.Y.
Alternate Headline: Don Barnett, The Wall Street Survival Guide: How To Paine Webber Peter Lynch And Invest Like A Pro Without Breaking Your Budget
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News Source: Create a Future Success College Investing