Wednesday, April 27, 2016

AoM Quiz Questions

Here are the questions that I have received, feel free if you still haven't emailed them to add your questions  to the comments.


1.      What was the day commonly called when the stock market crashed in October 28th 1929?
2.      Both Franklin Roosevelt and John Keynes believed that the crash on October 28th was caused by
3.      What was the name of the company that ended the bubble of the twentieth century and controlled a quarter of the US natural gas business? 
           4.      What is one key thing that was mentioned that determines the success of a company?            
           5.      Which president closed the so-called gold 'window' in which dollars could be exchanged for                 gold?
a. Donald Trump
b. JFK
c. Richard Nixon
d. Lindon B. Johnson
        6. Which family did the book say "left such an imprint" on the Renaissance?
a. The Medicis
b. The Kardashians
c. The Bardis
d. The Peruzzi
        7. Who wanted to make the Medici legitimate?
a. King Edward III
b. Viere Medici
c. Giovanni Medici
d. Obama
         8. The game of monopoly was created by a citizen of which nation?
            A. England
            B. U.S.A.
            C. France
            D. Germany
        9. What was the name of the original proto-monopoly game?
            A. Property Rush
            B. Minecraft
            C. The Renter’s Game
            D. The Landlord’s Game
        10. The man who modified the prototype to make current-day Monopoly was:
            A. Charles Darwin
            B. Charles Darrow
            C. Charles Rutherford
            D. Charles Russ
       11. Monopoly during the Great Depression was such a hit because:
            A: It taught children frugality
            B: It had bright flashy colors that people would stare at for hours
            C: It had lots of fake money
            D: Monopoly wasn’t invented until 1946

Answers: B, D, B, C

        12. After their deregulation, what were Savings and Loans allowed to invest in?
a.         only long-term mortgages
b.         only commercial property
c.         anything they wanted

        13. Who were subprime mortgages lent out to?
a.         large corporations
b.         the poor
c.         the middle-class

         14. What is securitization?
a.         the conversion of mortgages into bonds
b.         the insurance of mortgages by the Federal government

c.         the practice of only offering mortgages to people who are low credit risks

Friday, April 22, 2016

Business Model Ideas

Business Model Ideas

Practice Scholarship Application (Updated)

Scholarship Essays
Here are a list of essays required by the Gates Foundation Scholarship; included with these prompts are examples of successful answers from the past. Choose one of these prompts to answer and bring with you to share in class. 
Prompt 1: Discuss the subjects in which you excel or have excelled. To what factors do you attribute your success? 
Prompt 2: Discuss the subjects in which you had difficulty. What factors do you believe contributed to your difficulties? How have you dealt with them so they will not cause problems for you again? In what areas have you experienced the greatest improvement? What problem areas remain?
Prompt 3: Briefly describe a situation in which you felt that you or others were treated unfairly or were not given an opportunity you felt you deserved. Why do you think this happened? How did you respond? Did the situation improve as a result of your response?
Prompt 4: Discuss your short-term and long-term goals. Are some of them related? Which are priorities?
Prompt 5: Discuss a leadership experience you have had in any area of your life: School, work, athletics, family, church, community, etc. How and why did you become a leader in this area? How did this experience influence your goals?
Prompt 6: Discuss your involvement in and contributions to a community near your home, school or elsewhere. Please select an experience different from the one you discussed in the previous question, even if this experience also involved leadership.  What did you accomplish?  How did this experience influence your goals?
Prompt 7: Other than through classes in school, in what areas (non-academic or academic) have you acquired knowledge or skills?  How?
Prompt 8: Is there anything else you would like to tell us about that may help us evaluate your nomination (i.e., personal characteristics, obstacles you have overcome)?
Prompt 9: ONLY for Nominees who graduated from high school or earned their GED more than one year ago: Describe those activities in which you have participated since completing high school (e.g., community service, leadership, employment) that you believe qualify you for this scholarship.
Notes on writing the essays
When writing the essays, remember:
  • The essays do not have to be perfect!
  • Answer the prompt. If the only thing you write is the exact answers to the prompt, then you at least provided the information that they are seeking
  • Proofread!
  • DO NOT be too verbose, pedantic, wordy…(you get the point). The people who are reading your essays are volunteers and they will be reading LOTS of essays so DO NOT bore them or make it a difficult read! Some of my sample essays are borderline pedantic so I am not a great guide on how to be short and to the point.

Friday, April 15, 2016

Week 24 Homework

Please note, we are delaying the Ascent of Money test until next week. Please email me your questions and answers this week and I will post them to the blog.

Homework Update: Please read the assigned work from the textbook; we will be doing everything else in class next week.


Friday, March 11, 2016

Stock Portfolio

The basic things you need to know to create and maintain a healthy stock portfolio. 

1. Know your resources: After your bills are paid, how much money do you have available for investment? (For our class, you will have $100,000, but in real life you will need to think a bit more deeply). 
2. Know your goals. Realistically speaking, what do you hope to accomplish with your investments? Pay for College? Retirement? A certain amount of money? What will the timeframe be for reaching this goal?
3. Know your risk-tolerance. The stock market is inherently risky, it will require you to deal with loss. How much can you afford to lose?
4. Know your strategy. Based upon your resources, your financial goals, and your risk-tolerance, you should be able to develop an investment strategy. You should be prepared to stick to the strategy even if the market begins to behave in a way that scares you. 
5. Know your companies. Keep track of how your companies are doing, do they have upcoming changes, challenges, opportunities? 

Investment advisers will all tell you the same thing: diversification is the key to a healthy stock portfolio. As we begin to research stocks for our portfolios, we will be following a specific diversification strategy

Please choose at least ten stocks for your online portfolio. You should begin researching this week. Your stock portfolio should include at least one of each of the following:

1. A Local Company. Choose a company that you know personally, perhaps it is located nearby or a friend or family member works there.
2. An Energy stock. It can be solar, it can be wind, or it can be just plain oil, but you need to include some energy stocks in your portfolio.
3. A Blue Chip. Look through the S & P 500 list and find something a bit different from your other stocks.
4. A Bank. You should include at least one bank. What bank do you or your parents use? Do they like it? Try buying some of that bank’s stock.
5. A Science Stock. Choose a company that is doing something truly revolutionary. It can be anything from biotech to robotics, but it has to be innovative.
6. A Speculation. Do something crazy, research a small company that you think might have a chance at suddenly breaking through with a new product.
7. A Retailer. Do some research and find out what company is opening new branches, look for franchise opportunities as a possible sign of growth.
8. A large company with stable growth. Look through the products you use at home, choose a company that produces the goods that you and your family are using on a regular basis.
9. A Cyclical stock. You should buy a cyclical stock. A company that has big swings in value over time: think of companies that may go up or down in value, like construction companies or aircraft makers.
10. A Tech company. You should own some tech stock.


The Stock Market Game 

Password: ziggurats



Friday, March 4, 2016

Ascent of Money Presentations

Edit: Please note that we will now be operating one week later than before. March 18 will now be week 21. 


Presentation Schedule 


Week 21

Chapter 1, Rylan J.  
Chapter 2, David O.

Week 22

Chapter 3, Renee R. and Adeline S.
Chapter 4, Claire K. 

Week 23 

Chapter 5, Michael M. and Courtney B.

Chapter 6 and Afterword: Noah and Zach S.