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How to Make Money Grow – Investments (ON)

Subject Area: Language Arts

Getting Started:

Ontario Language Arts Curriculum Expectations:

  • Listening: 1.2 demonstrate an understanding of appropriate listening behaviour by adapting active listening strategies to suit a wide variety of situations, including work in groups.
  • Speaking: 2.3 communicate orally in a clear, coherent manner, using a structure and style appropriate to both the topic and the intended audience.
  • Reading: 1.4 demonstrate understanding of increasingly complex texts by summarizing important ideas and citing a variety of details that support the main idea.
  • Writing: 1.2 generate ideas about more challenging topics and identify those most appropriate for the purpose.

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 into 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.