Kelly May Kentucky Department of Financial Institutions.

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Presentation transcript:

Kelly May Kentucky Department of Financial Institutions

Why Teach About Investing? Give your students knowledge they will need in life. Company pensions are becoming a thing of the past. Social Security doesn’t cover all needs. Your students will be future investors. The Basics meets: High school graduation requirements in Kentucky’s Program of Studies Requirements in the Practical Living/Career Studies Program Review

Why Focus on Fraud? Financial swindles cost Americans $40 billion a year. The best defense is a smarter investor. Securities fraud takes many forms: Fraudulent product/offering Unsuitable investments for investor Unlicensed adviser/broker Unregistered product Theft/misappropriation of funds

My Favorite Question: What is the difference between saving and investing? Unit 1, Page 14 Saving and Investment Products

The Basics … Unit 1 – Getting Started Unit 2 – Introduction to Financial Markets Unit 3 – Making a Financial Plan Unit 4 – Investment Fraud

Time Value of Money Who do you think earns more on their investment by age 65? Someone who invests $20,000 between ages 25 and 34 and then stops. Someone who invests $62,000 between ages 35 and 65.

Time Value of Money The first investor, who started early, earns more than $525,000. The second investor, who waited until age 35 earns less than $300,000. Time is your friend! Starting early takes advantage of compound interest. Unit 1, Page Time Value of Money

Five Keys (a Unit 1 Lesson) Key Concepts of Saving and Investing 1. Pay yourself first 2. Set goals that inspire success (short, medium and long term) 3. Don’t take unnecessary risks 4. Put time to work for you 5. Diversify! Unit 1, Page 6-10 Key Concepts of Saving and Investing

Key #5: Diversify Revise your asset allocation as you near retirement. Source: “Five Keys to Investing Success,” Investor Protection Trust and the editors of Kiplinger’s Personal Finance magazine.

Investment Product Overview Pyramid of Investment Risk Unit 1, Page Product descriptions Unit 2, Pages 6-13

More Great Lessons … How Financial Markets Work – Lesson Outlines Unit 2, Pages Reading Stock Tables Unit 2, Page 23 Financial/Investment Planning: Myth vs. Reality Unit 3, Page 12 Major Types of Investment Fraud Unit 4, Pages 3-6 How Regulators Help to Protect Investors –Add DFI! Unit 4, Page 9 Charles Ponzi, Unit 4, Page 4

Fraud Scene Investigator

MoneyTrack Videos

Other Resources Two Dozen Ways to Make Investing Basics Fun for Your Students Basics can supplement The Take Stock in Kentucky Stock Market Game Stock Market Game/Take Stock in Kentucky Savings Tips from FDIC Money Smart

Contact Information Kelly May Department of Financial Institutions Information on DFI speaker programs: