06 April By: YIS | Category: Blog

Wealth of Common Sense

Ben Carlson, author of popular investment and wealth management blog “A Wealth of Common Sense,” recently posted about Young Investors Society, and praised its mission. He said:

“I’ve always thought it’s insane how personal finance isn’t a mandatory subject taught in every school to our young people. Your finances can have a huge impact on your life in a number of ways — your family, your stress levels, what kind of life you lead and much more. Personal finance is one of the most practical subjects you can learn yet the large majority of people are forced to figure it out on their own with zero guidance from anyone who knows what they’re talking about.”

Ben talks about meeting YIS founder James Fletcher, and sharing a mutual desire for better investment education in schools:

“I’ve been involved with and participated in stock market simulations when I was in college and have found that these games are fairly worthless from a learning standpoint. The people who figure them out just end up buying the more speculative, volatile stocks in hopes of striking it rich because the simulations usually only last a few months at the most. Picking a lottery ticket stock and hoping for the best is no way to learn about how the markets or corporations function. James had a similar experience and decided to start a program that focuses more on the important concepts such as understanding business strategy, long-term investing, saving, compound interest and how the stock market really works. Young Investors Society teams up with high schools all across the country to work with teachers and help them better educate their students on the many lessons you can gain from the idea of long-term investing.”

Young Investors Society is honored to work with and be featured by professionals like Ben who share our vision for education around wealth management.

Read the full post here: http://awealthofcommonsense.com/2017/03/mark-cuban-talks-to-the-young-investors-society/