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PATHWAY: Business & Computer Science

COURSE: Banking and Investing

UNIT 7: BCS_BI_7 Investment Planning

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Annotation:

Investment Planning involves identifying your financial goals throughout your life, and prioritizing them. Investment Planning is important because it helps you to derive the maximum benefit from your investments. It states what you will invest in, how you will invest, why you will invest, and what percentage of your money you will invest.

Grade(s):

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9th

10th

11th

12th

Time:

11 Hours

Author:

Laura Kinchen

Students with Disabilities:

For students with disabilities, the instructor should refer to the student's IEP to be sure that the accommodations specified are being provided appropriately. Instructors should also familiarize themselves with the provisions of Behavior Intervention Plans that may be part of a student's IEP. Frequent consultation with a student's special education instructor will be beneficial in providing appropriate differentiation. Many students (both with and without disabilities) who struggle with reading may benefit from the use of text reading software or other technological aids to provide access to printed materials. Many of these are available at little or no cost on the internet.

GPS Focus Standards:

BCS-BI-7. Students will identify the importance of investment planning and establishing financial goals.

a. Explain the need for investing to ensure financial well being.

b. Establish goals for a saving or investment program.

c. Identify the factors that affect investment choices.

d. Differentiate between saving and investing.

e. Describe the importance of creating an emergency fund.

f. Assess the health of finances and conduct a financial check-up.

g. Determine the factors to consider when choosing investments.

h. Evaluate the overall risk factor of an investment by examining the different components of risk.

i. Describe estate planning effects on investment planning and financial goals.

GPS Academic Standards:

SSEPF1: The student will apply rational decisions to the making of personal spending and savings choices.

ELA10RC3: The student acquires new vocabulary in each content area and uses it correctly.

ELA10RC4: The student establishes a context for information acquired by reading across subject areas.

ELA10LSV1: The student participates in student-to-teacher, student-to-student, and group verbal interactions

MM2P4: Students will make connections among mathematical ideas and to other disciplines.

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Enduring Understandings:

Students will understand the importance of investment planning, establishing financial goals, and the need for investing to ensure financial well being. Each student will establish goals for a savings or investment program and the factors that affect their choices. At the end of the lesson students should be able to establish financial checkups, understand estate planning, and the risk factors involved with investments.

Essential Questions:

• Why would you put money into an investment instead of a savings account?

• Why is investing essential for financial planning?

• Since stock market investments are typically risky, why do you think some people still choose them?

• Why is diversification important?

• Should a good investment plan include investments from all four levels?

• What is the purpose of conducting a financial check-up?

• What would happen if an adult were to die without preparing a will?

• What situations might motivate you to change or update your will?

• What is the basic purpose of a living will?

• What are some main reasons to establish a trust?

• What are some sources of funds to pay for taxes and debts when settling an estate?

Knowledge from this Unit:

Students will be able to:

• Identify the factors that affect investment choices

• Explain the need for investing to ensure financial well being

• Establish goals for a saving and investment program

• Distinguish between saving and investing

• Describe the importance of creating an emergency fund

• Define a financial check-up

• Determine the factors to consider when choosing investments

• Select the overall risk factors of an investment

• Examine the different components of risk

• Compare and contrast estate planning on investment planning and financial goals

Skills from this Unit:

Students will:

• Devise personal financial planning

• Outline the six steps of financial planning

• Formulate factors that affect personal financial decisions

• Differentiate between saving and investing

• Employ the different components of risk

• Design estate planning goals

• Develop an emergency fund and its importance

• Plan a financial check-up

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Assessment Method Type:

| |Pre-test |

|x |Objective assessment - multiple-choice, true- false, etc. |

| |_x_ Quizzes/Tests |

| |__ Unit test |

|x |Group project |

|x |Individual project |

| |Self-assessment - May include practice quizzes, games, simulations, checklists, etc. |

| |__ Self-check rubrics |

| |__ Self-check during writing/planning process |

| |__ Journal reflections on concepts, personal experiences and impact on one’s life |

| |__ Reflect on evaluations of work from teachers, business partners, and competition judges |

| |__ Academic prompts |

| |__ Practice quizzes/tests |

|x |Subjective assessment/Informal observations |

| |__ Essay tests |

| |_x_ Observe students working with partners |

| |__ Observe students role playing |

| |Peer-assessment |

| |__ Peer editing & commentary of products/projects/presentations using rubrics |

| |__ Peer editing and/or critiquing |

|x |Dialogue and Discussion |

| |__ Student/teacher conferences |

| |_x_ Partner and small group discussions |

| |_x_ Whole group discussions |

| |__ Interaction with/feedback from community members/speakers and business partners |

| |Constructed Responses |

| |__ Chart good reading/writing/listening/speaking habits |

| |__ Application of skills to real-life situations/scenarios |

| |Post-test |

Assessment Attachments and / or Directions:

Financial Goals Quiz

Financial Goals Quiz Key

Investment Quiz

Investment Quiz Key

Estate Planning Quiz

Estate Planning Quiz Key

Financial Planning Test

Financial Planning Test Key

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• LESSON 1: INTRODUCTION TO INVESTMENT PLANNING

1. Identify the standards. Standards should be posted in the classroom.

BCS-BI-7. Students will identify the importance of investment planning and establishing financial goals.

a. Explain the need for investing to ensure financial well being.

b. Establish goals for a saving or investment program.

c. Identify the factors that affect investment choices.

d. Differentiate between saving and investing.

e. Describe the importance of creating an emergency fund.

2. Review Essential Question(s). Post Essential Questions in the classroom.

• Why would you put money into an investment instead of a savings account?

• Why is investing essential for financial planning?

3. Identify and review the unit vocabulary. Terms may be posted on word wall. Refer to the Investment Planning Vocabulary Guide for definitions.

|Emergency fund |Speculative investment |Dividends |

|Retained earnings |Investment liquidity |Personal Financial Planning |

|Goals |Opportunity Cost |Intermediate Goals |

|Short-Term Goals |Long-Term Goals |Common Stock |

|Preferred Stock |Corporate Bond |Government Bond |

|Mutual Fund |Diversification |Estate |

|Estate Planning |Beneficiary |Will |

|Intestate |Trust |Probate |

|Executor |Guardian |Codicil |

|Living Will |Power of Attorney | |

4. Interest approach

• Discuss the essential questions.

• Opening Discussion: Besides investing some of your money, what are some other things that you could do to help reach your long-term financial goals? What are some goals you will have ten years from now that you don’t have now?

• Saving And Investing PowerPoint: View the following presentation with your students before having them do the activities. Students should take notes during the presentations.

5. Pass out the Financial Planning Process Worksheet. Have students complete the worksheet.

6. Class Discussion: Ask the students what are their hopes and dreams in life. Then ask them what they plan on doing to

make those dreams come true. Is it working hard enough? Good grades? Money? Saving or investing?

7. Have students complete the My Financial Goals Worksheet.

8. Class Discussion: Have students write down their definitions of the words discipline and goals. Have students share their answers with the class. Ask them if they think the words have positive or negative connotations. Ask them if they think it can benefit them, and if so, how.

9. Activity: Have students create a collage of their financial goals. Have them use magazines, the internet, clipart, and/or their own drawings. Display them around the classroom

10. Pass out the Saving For Your Financial Future Worksheet. Have students complete the worksheet.

11. Administer the Financial Goals Quiz.

• You can have students use the Student Response System to take the quiz. Grade using the Financial Goals Quiz Key.

• LESSON 2: CHOOSING INVESTMENTS

1. Review Essential Questions. Post Essential Questions in the classroom.

• Since stock market investments are typically risky, why do you think some people still choose them?

• Why is diversification important?

• Should a good investment plan include investments from all four levels?

• What is the purpose of conducting a financial check-up?

2. Class Activity: Have students complete the Savings And Investing KWL Chart Handout. Discuss the handout with the class after the students complete it.

3. Class Discussion/Activity: Have students write down two long-term financial goals they might have. Would you prefer to choose a conservative, a moderate, or an aggressive investment mix to pursue these goals? Have them do Think-Pair-Share to discuss with each other their reason for choosing a specific investment mix. Discuss responses as a class.

4. Activity: Divide the class into groups and assign a public company to each group. Have them research the company to determine if they believe the company would be a good company to invest in. They should look at and review annual reports, financial statements, or news articles, and follow the stock for at least a week. Each group will use PowerPoint to create a presentation of their results that they will present to the class. Company Investment Presentation Rubric

5. Have students complete the Manage Risk In Your Portfolio Worksheet.

6. Discuss the Investment Types Handout.

7. Activity: Have students select 4 different investments; one each from the different levels. Have them create a brochure highlighting the different options available and why each investment is suitable for that level. Grade the brochures using the Investments Brochure Rubric.

8. Have students complete the Five Stages Of Investing Worksheet.

• Teacher Reference Five Stages Of Investing Worksheet Key

9. Have students complete the Investment Quiz. Grade using the Investment Quiz Key.

• LESSON 3: ESTATE PLANNING

1. Review Essential Questions. Post Essential Questions in the classroom.

• What would happen if an adult were to die without preparing a will?

• What situations might motivate you to change or update your will?

• What is the basic purpose of a living will?

• What are some main reasons to establish a trust?

• What are some sources of funds to pay for taxes and debts when settling an estate?

2. Estate Planning PowerPoint: Review the following presentation with your students before having them do the activities. Students should take notes during the presentations.

3. Activity: Have students research the various types of wills (simple, traditional marital share, exemption trust, and stated dollar amount) and all that each one encompasses. Also have them find examples of each form and include that in their presentation.

4. Class discussion: Ask the students at what age their will should be made. Many may respond: 50’s or 60’s. Ask them if they can think of any reasons as to why people should consider making them earlier in life. Discuss answers with class.

5. Have students complete the Investing 101 Handout. Discuss answers and article with class.

6. Activity: Divide students into groups and have them evaluate a will. Have them determine the necessary information to complete the will as if it is their own.

7. Activity: Divide students up into four groups. Have each group research the four types of trusts (disclaimer, living, testamentary, and credit-shelter). Have them make a PowerPoint presentation and present their finding to the class.

8. Class discussion: Discuss whether students believe a letter of last instruction is important. Where should the letter be kept? Who should have a copy?

9. Activity: Discuss state and inheritance taxes. Then have students further research them and write a short paper explaining whether they think they are fair or unfair

10. Have students complete the Estate Planning Quiz. Grade using the Estate Planning Quiz Key.

• LESSON 4: FINANCIAL CHECK-UP

1. Review Essential Questions. Post Essential Questions in the classroom.

• What is the purpose of conducting a financial check-up?

2. Have students complete the Financial Checkup Handout. Discuss with students.

3. Class Discussion/Activity: Have students read the following article about Financial Checkups and discuss as a class.

4. Have students complete and discuss the Your Financial Check Handout.

5. Have students complete and turn the Vocabulary Crossword Puzzle Worksheet.

6. Have students complete the Financial Planning Test. Grade using the Financial Planning Test Key.

• ATTACHMENTS FOR LESSON PLANS

• Investment Planning Vocabulary Guide

• Saving and Investing PowerPoint

• Financial Planning Process Worksheet

• My Financial Goals Worksheet

• Saving For Your Financial Future Worksheet

• Savings and Investing KWL Chart Handout

• Company Investment Presentation Rubric

• Manage Risk In Your Portfolio Worksheet

• Investment Types Handout

• Investments Brochure Rubric

• Five Stages Of Investing Worksheet

• Five Stages Of Investing Worksheet Key

• Estate Planning PowerPoint

• Investing 101 Handout

• Financial Checkup Handout

• Your Financial Check Handout

• Vocabulary Crossword Puzzle Worksheet

• NOTES & REFLECTION:

This unit focuses on investment planning. This unit provides hands-on activities for learning about investment planning and everything that is involved with it. Students with disabilities will benefit from modified PowerPoint Notes, peer teaching, and group work. All assignments can be modified to fit the student’s needs and IEP recommendations.

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Culminating Unit Performance Task Title:

Choose one of the following as a culminating task:

• Culminating Activity 1: have an attorney who handles trusts speak to your classes.

• Culminating Activity 2: invite a financial planner to visit the classroom to discuss financial goals and investing

• Culminating Activity incorporating Science into the curriculum: The need for retirement planning is more important now because people are living longer. Find out the life expectancy for people born in the U.S. in each decade in the 20th century. Then find out how long someone born today is expected to live. Make a timeline illustrating the life spans. Then list several reasons as to why people are living longer lives.

• Culminating Activity incorporating Social Studies into the curriculum: Because of longer life expectancies and declining birth rates, fewer workers are currently paying into Social Security. Find out what the American Association of Retired Persons thinks about Social Security. Is it fair for younger workers (yourself) to fund current retirees’ benefits? Do you think Social Security benefits will still be around when you retire? Why or why not?

Culminating Unit Performance Task Description/Directions/Differentiated Instruction:

Differentiated instruction: instead of a PowerPoint Presentation students can give an oral presentation. Instead of creating a web site, students can type up a report. Students with disabilities can be paired up with another student and work on the project together. Notes can be given to students with disabilities instead of having to research the information (to modify the length of the projects).

For a general grading rubric that can be tailored to the Culminating Performance Task chosen, see the Investment Planning Culminating Performance Task Rubric.

Attachments for Culminating Performance Task

Investment Planning Culminating Performance Task Rubric

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Web Resources:

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Materials & Equipment:

• Computers with internet access

• Projection Equipment

• Handouts

21st Century Technology Used:

|x |Slide Show Software | |Graphing Software | |Audio File(s) |

| |Interactive Whiteboard |x |Calculator | |Graphic Organizer |

|x |Student Response System |x |Desktop Publishing | |Image File(s) |

|x |Web Design Software | |Blog | |Video |

| |Animation Software | |Wiki | |Electronic Game or Puzzle Maker |

| |Email |x |Website | | |

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