I am a high school economics teacher. This week I made your recent article ‘How Not to Raise a Spoiled Brat’ required reading for my Year 9/10 class. I am looking forward to hearing their thoughts! I am also planning to play the ASX Sharemarket Game with the class. Do you have some top tips for them as they try out investing for the first time?
Hello Miss J,
Even though I’m a former employee of the ASX, I have to tell you that I’m not a huge fan of the game, because it encourages short-term trading, not long-term investing. My tip would be for the class to do some real-world homework. Have them ask their parents three questions: Where is their super? How many super funds do they have (most people have three)? And what are they being charged in fees (as both a percentage and a dollar amount)? That’s one lesson the entire family would never forget!