Day 92

This is going to be fun! In line with the kids making their own banks, I took the kids to Staples and let them get their own Investment Notebook. I got one too - the kids seem to like it better when I can simultaneously guide them, while not appearing to be a "know-it-all." So, this way, I can EXPERIENCE it with them - they seem to be comforted and supported by that.

[I could have let them enter the numbers and info into an XL spreadsheet, but I think WRITING BY HAND makes your brain work better - as in, make better connections and deeper memory patterns.]

I had them do their own search online for their companies and find today's stock price. We'll start with just one company (that way, later, when we add other companies to the portfolio, they'll learn the benefits of DIVERSIFYING).

I had them count their MORE MONEY Bank money. They wrote that balance, and the stock name, symbol and price in their notebook. They did the math to figure out how many whole shares (no fractional shares) they could buy. They wrote that down. They made a chart in the next page with columns for the date and that day's closing price and a column for total value of their shares.

Our son "bought" 1 share of Nike.
Our daughter "bought" 3 shares of Gap.
I "bought" 2 shares of Disney (symbol DIS).

Theresa Markham, Esq.
Author, The Kids' Bank Book