Friday, March 24, 2023

Young Investors Society promotes financial literacy


In the Young Investors Society club at Thomas S Wootton High School in Rockville, Maryland, students learn about investing strategies and generalized financial literacy, reports Evan Lewis in Common Sense, the student newspaper.

“Finding members was hard at first,” the paper quoted the club’s president, Sai Mandhan, as saying. But then, “lots of friends have helped spread the word of the club,” and turnout has improved.

The Young Investors Society was launched in 2015 by six high schools, three in California and one in each Pennsylvania, Massachusetts, and North Carolina. Since then, the organization has added more than a thousand schools in two dozen countries to its rolls.

The international organization is now based in Westlake Village, California, and provides strong guidance for clubs in individual high schools, including newsletters and several videos on investment strategies.

The organization makes it easy for students to start their own Young Investors Society club at their schools, given appropriate sponsorship by a faculty member and the ability to conduct regular meetings where financial literacy goals are achieved.

“There’s something about stocks that kids just love,” says James Fletcher, who founded the Young Investors Society, in describing how students in a low-income school lit up when he started talking about their stock “simulations.” “And stocks can be used to teach so many business principles.”

So if you don’t have such a club at your school, you might consider starting one. And if you do, pick up a few pointers about the stock market—and you might learn a few things about business and other financial strategies in the process.

The curricular materials provided by the organization were developed by some pretty bright minds in the investing community, and they help kids learn, invest, and then inspire others to do the same.

Paul Katula
Paul Katula is the executive editor of the Voxitatis Research Foundation, which publishes this blog. For more information, see the About page.

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