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© KYODOJapanese brokerage, schools work to improve kids' financial literacy
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JeffLee
This is actually a really good idea. I just hope they don't tell the kids to put a big chunk of their savings into Japanese bonds!
Have you seen the "model portfolios" of MUFG and the others? What a joke. Low growth to the extreme, with plenty of Japanese bonds, some US bonds, and some Japanese stocks and very small amounts of foreign stocks.
Every time I buy units in my Sp500 fund online, MUFG flashes a warning telling me my risk level is too high. Gimme a break. My bond holdings are in taxable, and stocks in non-taxable, a common-sense strategy that their algorithms can't seem to figure out.
Chabbawanga
Great move. I
KazukoHarmony
And what about the 99.9% of students not privileged enough to attend those three private schools?
dagon
Curriculum:
Quantitative Easing 101- It is not a subsidy for the capital rich
Trickle Down 102 - Supply Side works for Everybody!
Financial Bailouts 301: Helping out our Banker Job Creators and Ensuring the Security of the Free market Financial System
Do you trust Wall Street with the education of your children?
sakurasuki
In order to save money, those kids need to have enough saving, so they need to learn that different position, different company, different job will pay differently.
https://www.japantimes.co.jp/news/2022/02/09/business/economy-business/why-japan-wages-not-rising/
Did they tell that stock price can suddenly goes down and their life saving worth less, that's happened during 1991 in Japan
https://www.livemint.com/Money/T1DfQsEOYivkMu49el8eoN/Nikkei-crash-Japans-worst-stock-market-slumps.html
Moonraker
That's what the promoters say anyway. Gotta get 'em young and induct them into the system that will eventually enslave them.
FourIce
It is a good idea, but I'm skeptical as its curriculum will be oriented to the products/services offered by this financial institution. It is not a service, but a sugar-coated marketing ploy designed to brain-wash our children to spend more in the future, invest in their company, and also the government will enjoy it as they will see that more people will be spending more money in the future, which hopefully help the economy. Sounds like a conspiracy, but I think it is not.
I would prefer to see a non-biased curriculum not designed by any brokerage or bank.
Yrral
Teaching people how to steal,a lottery ticket is just a good investment as securities,I have two lottery partners,one is paying,the others,I give for free , because her Christmas gifts usually cover the price of tickets,we were two numbers from the jackpot
K3PO
The best financial literacy for youth comes from having a part time job and having a plan around earnings.
However, time-poor students in Japan will always be denied this opportunity.
koiwaicoffee
Indeed. This mainly benefit these banks, not the society.
I worked for a securities bank for a while. The big guys are the ones that make the real profits, not the small investors. But they want common people to feel like they are a part of it so the exorbitant profits don't come up as an insult to the 50% of the population with a part time contract.
John-San
That really good to teach the pupils how to exploit the most valuable so you and your ventures succeed. I doubt if they be taught fairness is business. I doubt whether that taught how to give a hand up to the most vulnerable in society and to keep the the minimum wage equal to other western economies.
borscht
I ask my children about the cashless economy because they know more about it than me.
However I’ve told them to invest a little bit every month, not a lot all at once once a year. It’s easier.
Fortunately, they both have incomes that allow that. An important point that banks tend to overlook (except when you want to borrow from them).
Franz Pichler
Very very good!
wanderlust
Get them while they are young! Insidious marketing disguised as education.
Wandora
You teach them about iDeCo and Index Funds, not gambling on individual stocks. But then Mitsubishi wouldn't make money off them.
Sven Asai
Sounds like making them addicted, similar to drugs. We, the already adults or many o& us, have such knowledge and are investing or have invested in former years and as fa4 as I know or can observe, only a very few come out of that jungle with a little treasure chest. The big majority will have a very bad experience of losses only. I understand that they need new investors and customers, but they shouldn’t have access to schools or education system for their profit interests. Education on this field is necessary and important, but surely not done by those people, who then afterwards just only want to squeeze the money out of their former students.
Algernon LaCroix
Nothing wrong with teaching kids about financial literacy, just be careful how it's done. Like don't spend more than you earn, don't live beyond your means, and then follow up with how to spread risk across various investment instruments so you don't get caught if one or two types get into trouble. And DON'T rely on the government to help you out - be as financially independent as you possibly can.
Not sure, but I'd still trust them ahead of socialist teachers.
dagon
A good teacher would teach them about that as well as the depredations of capitalism.
https://www.google.com/amp/s/amp.theguardian.com/commentisfree/2018/jul/26/communists-capitalism-stalinism-economic-model
Wandora
Ho-hum. Any self-aware teacher would not equate capitalism with slavery.
fxgai
So long as they don’t brainwash the kids into buying only local Japanese shares…
This is not far short of abolishing the capital gains tax, outright.
Rather than this complicated scheme, and forcing the securities companies to adapt to the latest changes, why don’t they just reduce the capital gains tax rate from 20% to 10%? Or 5%? Or 0%?
Don’t they see the value in keeping tax systems simpler, so that people can just focus on their business rather than worry about how to navigate the tax systems?
kaimycahl
@sakurasuki Money is money regardless of position, company, and difference in pay. The more you risk the more you gain, the less you risk the less you gain! Nobody complains when they win, they only say I wish I risked more, but every one complains when they lose and they regret it saying I should have kept my money. I don't know of anyone investing money doesn't understand risk! You wrote "****Did they tell that stock price can suddenly goes down and their life saving worth less, that's happened during 1991 in Japan" If they told everyone to invest money and they will get huge gains everyone would do it! Nothing is guaranteed, risk is something we face daily.
In order to save money, those kids need to have enough saving, so they need to learn that different position, different company, different job will pay differently.
Did they tell that stock price can suddenly goes down and their life saving worth less, that's happened during 1991 in Japan