There’s been a lot of media attention lately over concerns about the poor financial knowledge levels among students about to leave school.
Well, I’ve recently reviewed a new product which I think will be a great asset in effectively engaging high school children (as well as adults) to experiment with investing in a no risk way.
Rather than another lecture, this is a more hands-on approach. The NZ Investment Game puts a new spin on the traditional board game and this game also includes software so you can interact with the game on-screen.
The game puts you in an environment that closely simulates the real life ups and downs of investing in different markets. Each two hour game roughly represents a five year cycle in the financial markets, although you can lengthen or shorten the time allocated for playing.
The object of the game is simple – be the player to make the most money! The game does go even further with players competing with themselves to increase their own Investment Intelligence quotient (IIQTM).
Another no risk way to learn about share market investing is by playing our very own Stock Guru game. Each player is allocated $50,000 to invest in a virtual portfolio of top New Zealand shares. Once the game begins, you can watch your portfolio rise (or fall) and learn about the market at the same time.
Watch this space, as we will be holding another game before the end of the year. You can pre-register here. (It’s free to play).
Also, congratulations on the Institute of Financial Advisers for launching the inaugural Financial Awareness Week; 6-13 September.
According to the IFA, members were giving presentations in high schools and local communities around the country as part of Financial Awareness Week. You can check out the calendar for some great free events still to run over the weekend.
So…what are you waiting for. Grab these and the many other opportunities available, to invest in your own financial future.
By Frank Newman,
RRP: $149.95 can be purchased through the Good Returns bookstore.