Thanks to a financial education programme, students on Chicago’s South Side can now invest real money in the stock market.
Students and their families at Chicago’s Richard Henry Lee Elementary School will benefit from a new cooperation between the Chicago Public Schools and Cabrera Capital Markets.
Families will be provided with 529 college savings plan information, investment choices, and financial literacy education in the areas of saving and investing.
Also, most of us wish we were more competent when it came to managing our finances. We also hope they grow up to be “financially savvy.”
FinEDge, a high school curriculum developed at the University of Chicago, was released to schools in Illinois and nine other states in early 2019. The Magnetar Capital conceived of and developed it. The UChicago STEM Education programme and Magnetar Capital, a hedge firm based in Evanston, have joined forces to create the UChicago Financial Education Initiative.
“Financial obligations shift” for high school graduates, according to Andy Isaacs, director of STEM Education at the University of Chicago, quoted in a press release. We believe that high schools have an obligation to provide students with financial education, and finEDge was created with that goal in mind.
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Partnership Of Cabrera And Chicago Public Schools
Cabrera Capital Markets is pleased to support The Chicago Summer Business Institute, which gives Chicago area high school students the opportunity to participate in paid internships during the summer. The mission of the Institute is to better prepare its members for success in the corporate world by providing them with a motivation to continue their education.
Students from Chicago’s top-performing public, parochial, and private high schools are the focus of the Chicago Summer Business Institute. However, candidates with above-average grades, extracurricular involvement, and post-secondary aspirations are preferred.
Chicago’s business community provides high school students with a summer internship option that allows them to gain valuable work experience while also earning money for college. Students can get a feel for what it’s like to work in the real world by gaining work experience in a professional setting.
The webpage of the Chicago Summer Business Institute has more details.
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Cabrera Capital Market
The Cabrera Capital Markets are devoted to the neighbourhoods in which they operate. Through Their corporate citizenship initiative. Also, they’ve been able to contribute to a wide variety of community groups that help individuals and families. They not only support employee volunteerism by providing time off to work with groups of their choosing. But also sponsor a number of programmes directly. The ultimate aim is to have a beneficial effect on people’s lives and the communities they inhabit.
Specifically, They take pride in their sponsorship and support of numerous student programmes that help nurture and develop future leaders.
It is vital to their ideals and corporate citizenship commitment. Also, they continue to sponsor, support, volunteer, and engage in programmes that increase access to opportunities.
The Stock Market Game By Cabrera
Since its inception in 2001, The Stock Market Game has had the support of Cabrera Capital Markets. Students can learn about the financial markets and the significance of long-term savings. And investment through the Stock Market Game, an interactive online learning game.
The Stock Market Game is a live trading simulation that challenges students to maximise the return on $100,000 investment. Students who take part in TheStock Market game are exposed to a fully integrated curriculum. That teaches them not only how to invest, but also fundamental academic concepts. And abilities that will serve them well in school and beyond.
Through its participation in The Stock Market Game, Cabrera is pleased in influencing future generations of business leaders.
It gives us great pleasure to announce that Cabrera Capital Markets will be a continuing sponsor of The StockMarket Game.
Approximately 50,000 elementary, middle, and high school students across the United States participated in the game. Thanks to the support and sponsorship of over $140,000 from Cabrera Capital Markets. To schools for the 2009-2010 academic year.
Lee Elementary School And Cabrera
Lee Elementary School and Cabrera capital market have partnered on an outstanding strategic plan. Also, to improve the lives of students, their families, and the surrounding community. This effort is made possible by a relationship with children’s first fund.
Lee and Cabrera hope to accomplish the following through their collaboration: increase the breadth and depth of their respective audiences’ understanding of the importance of and strategies for acquiring financial education and investment skills.
Including personal finance instruction in the K–8 curriculum. Making it easier for individuals and groups to participate in financial education initiatives. Introducing a new investment programme with the goal of inspiring a new generation of savers.
Conclusion
The state treasurer and the Illinois 529 savings programme get $10,000. While the students get $10,000 to use towards stock market education and research.
When they finish eighth grade, half of their earnings will be invested in a 529 college savings plan, as Cabrera said. And the other $20,000 will be invested in the school’s next kindergarten cohort.
Also, Cabrera Capital Markets president Aguilar said the firm aimed to create a long-term programme.
Since many of the pupils’ parents are new immigrants. The corporation is pledging its support to them and their children. Also, the kids are supposed to school their parents on budgeting and saving.
