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How to Make Money Grow – Investments (BC)

Subject Area: English Language Arts

Getting Started:

British Columbia English Language Arts Curriculum:

  • A1 – use speaking and listening to interact with others
  • A7 – demonstrate enhanced vocabulary knowledge and usage
  • A9 – use speaking and listening to improve and extend thinking, by
    • acquiring new ideas
    • analysing and evaluating ideas
    • developing explanations
    • summarizing and synthesizing
  • B2 – read fluently and demonstrate comprehension of grade appropriate information texts
  • C2 – write a variety of effective informational writing for a range of purposes and audiences that communicates ideas to inform

Links to the New Learning Standards:

  • Comprehend and connect
  • Access information and ideas for diverse purposes and from a variety of sources and evaluate their relevance, accuracy, and reliability.
  • Apply appropriate strategies to comprehend written, oral, and visual texts, guide inquiry, and extend thinking inform ideas to inform

Learning Goals:

  • Students will discover ways to invest money and understand the risks and rewards of each kind of investment.

Readiness:

  • Students need to understand the terms: acronyms, investments.

Materials Needed:

  • Computers
Learning Activity:

Introduction to Lesson:

  • 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 be researching different kinds of investments that people can buy to make their money grow.

Action:

  • 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 or 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, and
    • what the advantages and disadvantages are of putting money in this kind of investment.

Consolidation of Learning:

  • The groups share their findings with the class, discussing what was learned about each kind of investment.
Evaluating Success:

Success Criteria:

  • 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.

Confirming Activity:

  • Ask the students to share with their family, what they have learned about investing.