An interesting article appeared in the NY Post this morning about a 5th grade class in Queens that was participating in a stock-market game. A few of the students profiled in the piece invested in Google stock and are currently sitting on a 'hypothetical' $1,368 windfall after purchasing 100 shares.
Apparently the whole class is really excited about trading now and has CNBC blaring on a TV in the classroom constantly. Whenever a newscaster announces the Dow posted a significant gain, the students all start cheering and celebrating.
What isn't mentioned in the article are the kids losing tons of 'hypothetical' money and sinking into severe depression when the Dow nosedives in the final hours of trading. Poor kids, they grow up so fast.
I particularly enjoyed this little tidbit about a group of kids that wanted to buy Burger King stock, but accidentally purchased 'Bank of New York Mellon' instead because of its BK ticket symbol. As a result, they ended up losing a large amount of money. Ouch, epic burn! That's what you get for doubting '
', kiddies!
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