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Hands On Learning There is a Presidents Advisory Council on Financial Capability. Their role is: "to advise the President and the Secretary of the Treasury on means to promote and enhance individuals' and families' financial capability." They have released some principles that they are going to use to make recommendations to the President (see attached). As they have analyzed the financial literacy efforts around the country, one of the themes they have seen is: "The population that would benefit from assistance appears to fall into two general categories: those who need additional financial literacy and those who are financially literate but need help transforming knowledge into action." The second part of that quote (in italics) was interesting to me because I think it is very true. It's one thing to learn about something. It's another to get motivated enough to actually try doing it yourself. Especially if it means taking risks with money. I've always thought that a very important role that an investment club can fill is that it gives you a way to actually try out investing. You only really learn to invest when you take a risk and make real investments. A club can give you a way to do that with less individual financial exposure than doing it on your own. If you're learning, or even if you're choosing investments for your personal portfolio, think of your club meeting as your monthly lab session. It's where you get to try and apply what you've been studying. It's the best kind of class. There's no grade to worry about. It's fine to have fun and take chances. Any mistakes are opportunities to learn more and become a better investor! -- Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Laurie, You always hit the nail squarely on the head. Thanks for being a great thinker for your bivio friends. Marty From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Laurie Frederiksen There is a Presidents Advisory Council on Financial Capability. Their role is: Thank you Marty. And thank you also (and everyone else) for being bivio friends. <g> Maybe we need to offer a line of bivio club lab coats for bivio club members. Laurie
On Thu, Sep 22, 2011 at 8:08 PM, Martin Eckerle <bmeckerle@comcast.net> wrote:
-- Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio |
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