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How to Make Money Grow – Investments (AB)

Subject Area: English Language Arts

Links to Alberta English Language Arts Curriculum Outcomes:
  • 1.1 Discover and Explore
    • extend understanding of ideas and information by finding and exploring oral, print and other media texts on related topics and themes
    • express personal understandings of ideas and information based on prior knowledge, experiences with others and a variety of oral, print and other media texts
  • 3.1 Plan and Focus
    • plan and organize data collection based on instructions, explanations and pre-established parameters
  • 3.2 Select and Process
    • scan to locate specific information quickly; summarize and record information useful for research purposes
  • 4.3 Present and Share
    • present ideas and opinions confidently, but without dominating the discussion, during small group activities and short, whole class sessions
  • 5.2 Work Within a Group
    • contribute collaboratively in group situations, by asking questions and building on the ideas of others
    • contribute ideas, knowledge and questions to establish an information base for research or investigations
Brief Overview of the Lesson:

Students will discover ways to invest money and understand the risks and rewards of each kind of investment. Students need to understand the terms: acronyms, investments.

Estimated Time Required for Implementation:

One class period

Materials Needed:

Computers

Suggested Implementation Strategy:
  • Ask the class if they have heard the term “Money doesn’t grow on trees.”
    • Do they know where a person can put money to make it grow?
    • Do they have any money saved? What kind of investment is it?
    • Explain that today they will research different kinds of investments that people can buy to make their money grow.
  • Divide the class into 6 groups.
  • Each group will be researching a financial investment.
  • Assign one kind of investment to each group. TFSA, GIC, RRSP, RESP, Bank Saving Account, Stock Market
  • They are to use the internet to research and report back to the class:
    • what the acronym represents
    • where to buy this kind of investment
    • what the advantages and disadvantages are of putting money into this kind of investment
  • The groups share their findings with the class, discussing what was learned about each kind of investment.
Options for Consideration:
  • For homework, the students are to pretend they have $100 to invest. They are to use the knowledge they learned today and write a paragraph explaining why they chose this way to invest the money.
  • Ask the students to share with their family, what they have learned about investing.