Governor Gavin Newsom announced on Thursday an agreement that requires all California high school students to take a semester-long personal finance education course starting by the 2027-28 school year.
I did that in my high school economics class. I picked a bunch of finance stocks, including Bear Stearns. Then 2008 happened. All I learned was that if you pick individual stocks, you get fucked. For individual investors, the stock market is a scam.
You learned the wrong lesson based on your timing. I’ve invested in like 2013 and I’m so far up six digits. Sure, I dipped during the pandemic, but I sold my bonds and bought more stock which makes me up bigly now.
For individual investors, individual stocks are not a worthwhile risk. Buy a broad scale index fund, realize you won’t get rich but you also won’t lose it all, and build for your retirement.
Not so much for stocks, I mean like a better UI spreadsheet client that allows them to go to any period and see ledgers that are intuitively rendered and that lets them sort of experiment with the numbers so they can learn to maneuver things better. Like all their accounts, bills/recurring, paycheques, purchases. All rendered and projected or archived for easy traversal
Its like GTD: get everything out and externalized in an independant system or locus of reference and it takes most of the anxiety and human error out of it
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I did that in my high school economics class. I picked a bunch of finance stocks, including Bear Stearns. Then 2008 happened. All I learned was that if you pick individual stocks, you get fucked. For individual investors, the stock market is a scam.
You learned the wrong lesson based on your timing. I’ve invested in like 2013 and I’m so far up six digits. Sure, I dipped during the pandemic, but I sold my bonds and bought more stock which makes me up bigly now.
For individual investors, individual stocks are not a worthwhile risk. Buy a broad scale index fund, realize you won’t get rich but you also won’t lose it all, and build for your retirement.
Not so much for stocks, I mean like a better UI spreadsheet client that allows them to go to any period and see ledgers that are intuitively rendered and that lets them sort of experiment with the numbers so they can learn to maneuver things better. Like all their accounts, bills/recurring, paycheques, purchases. All rendered and projected or archived for easy traversal
Its like GTD: get everything out and externalized in an independant system or locus of reference and it takes most of the anxiety and human error out of it