02/24 (SYNCH): PMB Day 2 - Basic Budgeting & Investing

Objective: Students should learn the basics about savings accounts and invest in the Stock Market. Students will use independent learning time to navigate through a series of videos to help them better understand basic Personal Budgets, Saving Money, Credit Card Tips, and how to Invest in Company Stocks. Students will complete a Journal Entry and sign up for our class Stock Market Challenge.

Complete the Following Steps:
1. Read the Article below and complete a Journal Entry (On the TFDL 2021 PMB Worksheet)
2. Watch the Videos Below and Complete the Class Worksheet & Vocabulary List (on the form listed above.)
3. Create an account on Investopedia.com and click the link below to join the 2021 Virtual Stock Market Game.

To begin your investing journey, please read the following article: Investing VS Gambling Article (Click Here) and write a brief (2-3 Sentences) journal entry about your feelings about the main point of the article.

Second, watch each video link below on your own. After each video, answer the questions on the worksheet for today. When you have completed the worksheet questions, please research and fill in the Vocabulary Section on the back of the sheet. Turn in the sheet for credit!

1. Personal Budget Tips:
https://www.youtube.com/watch?v=0_GZOr4l7P0

2. How To Save Money:
https://www.youtube.com/watch?v=UxC_KaCD8KQ

3. Savings Account Video:
https://www.youtube.com/watch?v=j0ttAaz32VU

4. Credit Card Tips:
https://www.youtube.com/watch?v=en6IfLFlrJM

5. Company Investing Tips
https://www.youtube.com/watch?v=6MPtq56CT1I

Third, Use the link below to sign up for our Stock Market Challenge.  Once created, click the link below and you should automatically be forwarded to the game. Once you have created an account, follow the directions to BUY and SELL stocks.  You have $10,000 to spend.  If you make any money in the market this week, you can add it to your Final Budgets!

Use the following sites to help you pick stocks for the game:
MarketWatch (Wall Street Journal) Website (CLICK HERE)

MSN Money Top 50 Stocks (CLICK HERE)

Additional Resources: here is a link to the Stock Market Basics Presentation from Class (Click Here)

We will be reviewing the following video together in class: Investing Basics VIDEO (CLICK HERE) and discussing how you can find stocks you might be interested in investing in for the project.

MarketWatch Virtual Stock Market Game Instructions

Open this link and read the competition summary:

http://www.marketwatch.com/game/tfdl2021

Click on the 'Join Now' button to get started. The password is: TFDL2021.

If you are an existing MarketWatch member, enter your Email address and Password in the login panel and get set to trade. If you are a new user, follow the link for a Free account - it's easy!

Follow the instructions and start trading!

Once you have joined the game, view your Portfolio and do some research on stocks you are interested in.  Make sure you click Trade Stock (link) and enter the Stock Symbol for the company you are interested in.  Click BUY or SELL only.  Review the stock information to the left of the screen to see what the stock's current price is.  Calculate how many shares you want to Buy/Sell at that rate.  Enter the number in the appropriate box.  Make sure you are buying at the MARKET RATE and it is "Good Till Cancelled".  Click PREVIEW ORDER.  Once you have previewed the next page, click SUBMIT to start the action.  You can check your progress anytime, as the market is live.  Each morning, I will post the rankings on the board!

NEED HELP FINDING STOCKS TO PICK:  barchart.com

GOOD LUCK!!

- Mr. S