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How to Make Money Grow – Investments (SK)

Subject Area: English Language Arts

Getting Started:

Saskatchewan English Language Arts Curriculum Expectations:

  • CR7.4 View and demonstrate comprehension and interpretation of visual and multimedia texts with specific features and complex ideas including the visual components of media such as magazines, newspapers, websites, reference books, graphic novels, broadcast media, videos, and promotional materials.
  • CR7.5 Listen critically to understand and analyze oral information and ideas from a wide range of texts.
  • CC7.6 Use oral language to interact purposefully and appropriately with others in pairs, small groups, and large group situations.
  • CR7.7 Read independently and demonstrate comprehension of a variety of specialized information texts including non-fiction books, grade-level instructional materials, articles, reports, reference materials, instructions, advertising and promotional materials, and websites.

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.