Finally, time for the last In-Depth progress post! (I shouldn’t be too excited, as In-Depth night is fast approaching ?) In this post, I will mostly outline what I plan to have in my learning centre on the “Big Day”.
I plan to have several boards/mindmaps/separate displays, to fit the main categories that I’ve spread my project out to. The first one would contain key terms related to investing spread out like a mind map. The goal of this is to have people look at it and get a general sense of what is going to be talked about, or for them to learn some of the most important words and definitions. It will look like this in my mind.
The next board will have some degree of interactivity, I hope. What I am thinking right now would be to have a list of articles on the table, printed out, and ask what each person would do in this scenario. If I can, I will have an iPad with current holdings (imaginary just to fit the exercise), and stock trend charts until the day the news report came out. The reports will be of something positive or negative, and people would need to respond by buying more, selling or shorting, or holding and doing nothing. At some point, I will introduce how different mainstream investment ideas will respond to the news, and “predict” how the stock will go. It is an exercise to practice critical thinking and to learn some investment strategies and market psychology. Below is the general outline.
In the last part, there will be a “self-serve” information section with different types of ways to invest. I am thinking of having three boxes labelled with high risk, medium risk and low risk that contains paper slips inside. The idea is to have people reach into the box that they are comfortable with and pull out a method that they can invest. One challenge with this method is that in some boxes, there won’t be a lot of paper slips, so it would feel empty when people do the draw.
I am still trying to think of new ideas or to perfect my current ones. Suggestions welcomed!
For my progress so far, I am behind schedule, as I haven’t started frequently looking at finance new and actually buying things. I should be trading at least five times a week, and right now it is more like two. I will try to redesign my schedule by Thursday night, and hopefully, I can get on track. By the way, I have finished all of the Khan Academy videos on Stock and Bonds, but I will still keep watching about mortgages, banks and inflation.
All images made from MS Paint.