Lesson 7: Start Investing
Duration of Days: 1
Lesson Objective
Identify strategies recommended for a beginner investor and explain why these strategies may be beneficial
Explore their own risk tolerance through a worksheet
Experience making a variety of investment decisions through an interactive simulation
Understand what a brokerage account is and how to open one
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6a: Explain how traditional IRAs (individual retirement accounts), Roth IRAs, and education savings accounts provide incentives for people to save
1c: Assess their personal risk tolerance using an online tool or worksheet
2b: Compare nominal annual rates of return over time on different types of investments, including cash flows and price changes
6a: Recommend portfolio allocation between major asset classes for a short-term goal versus a long-term goal
9a: Identify several behavioral biases that can result in poor investment decisions (e.g. loss aversion, investing in employer stock, home bias, mental accounting)
10b: Explain how automating investment activities can help people avoid making emotional investment decisions
11b: Choose a discount broker and research the minimum starting account balance, minimum monthly investment, and trading costs
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NGPF Curriculum Crosswalk_Connecticut Standards for Personal Financial Management and Financial Literacy
https://docs.google.com/document/d/1mLCswzLA8iEiXA1QXO1TviXvxw51TYgsl8vsQh5m1EI/edit?tab=t.0