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Stock Market Educational Game – Why Do You Need to Invest in Your Financial Education?

Stock Market Educational Game – Why Do You Need to Invest in Your Financial Education?

Stock Market Educational Game – Why Do You Need to Invest in Your Financial Education?

Wikipedia defines financial literacy as the ability to understand finance. More specifically, it refers to an individual’s ability to make informed judgement and effective decisions based on sound financial knowledge and understanding. Stock Market Educational Game

Our school system was designed to train employees for the industrial age. No wonder you were not taught how to handle your money and make wise financial decisions. Most financial knowledge comes from your own experiences (either good and bad) and your close ones like your parents, friends and relatives. You invest in 401K or RRSP and diversify your mutual fund portfolio because that’s what other people do and you don’t know any other investment options. It becomes a serious problem during the economic downturns. While many people saw their lifetime saving shrank dramatically from the last global financial crisis, some with a solid financial education became richer than ever. You wonder how they made it.

It is time to invest in your own financial education. It is time for our school system to adopt financial education into the curriculum of high school and college/university. Because a sound financial education gives you an unfair advantage to those without.

In his best-selling book “The Conspiracy of the Rich”, Robert Kiyosaki lists four basic investment categories (business, real estate, paper assets and commodities) and says a sophisticated investor invests in all four categories to achieve true diversification. If you have only one source of income (e.g. “Job”, “self-employed”), no matter how much you earn, you are vulnerable to any financial instabilities. You need to have multiple sources of income. You need to have more than one investment vehicle to build and protect your wealth. You may ask “Sounds great but where do I start?” Well, the best and the quickest way to success is to learn from those who have been successful. In this section, you will be introduced to some of the most successful and influential investors, entrepreneurs and financial educators of our time in North America. So fasten your seat belt and let’s explore their world.

Robert Kiyosaki — author of Rich Dad Poor Dad, is an investor, entrepreneur, educator and New York Times best-selling author. His financial education book series Rich Dad Poor Dad has been translated to over 100 languages and sold more than 26 million copies world wide. He also created the educational board game Cashflow 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him. Robert Kiyosaki’s perspectives on money and investing are different from traditional teaching. The old beliefs of getting a good job, working hard, saving money, getting out of debt, and investing for the long term are

Stock Market Game Theory

Stock Market Game theory

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Stock market is highly volatile market. One can earn money with the stock market easily, that could be a better investment but there is equal chances to occur with the loss. Some time people meet with the losses higher than the profit occur. They got mad because they lost their valuable money in stock market.

Every one who enters in the stock market, his or her ultimate goal is only to earn more and more money. He can make all his or her efforts for making money with the stock market. He can live in front of the T.V. For the whole day because he want stock market updates. These updates that he or she finds from the T.V., Radio, News paper and many more such media can be helpful for them for the trading purpose.

Stock market is nothing but a platform where we can play with money. The theory for the stock market game is not very tough. Any one can play this game. The rule for the game is decided by exchange. One can enter with the money with his or her full hand and exit either with the bags that is full of money if he won or with the tears in his or her eyes when he or she loss.But he or she dose not left everything. At that time he or she has a lot of good or bad experience of stock market either he or she exit with the money or without the money, no matters. Than what the stock market is the exactly for, if money doesn’t matter. Here money matters but the the experience says that every loss get a experience for future.

Stock market is the money making platform with some stages these are come, watch, buy, wait, sell and exit. If you stuck a little bit time more in any of these stages, you suffer because every stage contains a specific time value for the profit making. Specific time value is not predefined  for any of the stock. The person who is dealing with the stock is only one who is responsible for this specific value time either he or she is trading with one stock, stock in lots, trade in equity market or trade with derivatives or it may be the commodity for share trading. He or she can take help with the advisory firms that deals with share market but the basic thing for stock market game theory is your money only. The reward is also the money but it is the highest return on your investment that you can’t earn from any other legal way. And who can take risk easily that could be the best battle field without any battle even without any violence, we can say it is cool and calm some better but panic game where there is no space for any type of dispute the game theory says but peace of mind is rare. Here you can win with your luck and can loss by your luck. Research for the market is your intelligence. A lot of market research takes you nearer to your goal that is to get higher money on your investment in the stock market. It is not totally the mind game, it is the game of patience and and heuristics about the stock market. Pre stock market knowledge can help a lot and can give good fruits. This is the some basic of stock market game theory. Every one can play and win in the stock market game but the game theory says that the basic thing is knowledge about the stock market if one want success in stock market game.

Disha Sharma

 

Article from articlesbase.com