Day 2

 



What the Investopedia Game looks Like

Today was the second day of our Personal Finance J-Term. We started off the day by having a seminar on the books we are reading for this course which are Why Didn’t They Teach Me This in School and Your Money or Your Life. We talked about materialism in our society whether money equals our life energy. After Seminar we started our Investopedia game. This game is a simulation of the stock market, where we are able to trade stock with fake money. We all started off with $100,000. We are able to buy, sell, short, and even do options trades using this simulation.  Some students did very well on this, gaining around $2,000 today. 


In the afternoon we didn’t do as much as we did in the morning but we still covered a variety of topics. We started off with presentations about topics like loans, mortgages, assets, liabilities, and insurance. After finishing that up we moved on to watching trading places. This movie follows the story of an Upper-crust executive Louis Winthorpe III and down-and-out hustler Billy Ray Valentine who are the subjects of a bet by successful brokers Mortimer and Randolph Duke. An employee of the Dukes, Winthorpe is framed by the brothers for a crime he didn't commit, with the siblings then installing the street-smart Valentine in his position. When Winthorpe and Valentine uncover the scheme, they set out to turn the tables on the Dukes.



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