The Katie Able Foundation (KAF) recently donated $1000 to 6th graders at Robert Frost Elementary School, located in Lanham, MD, to use to trade stocks. The students started trading stocks in September 2010 with the help and guidance of their teacher, Mr. William Hughes.
“I must admit when Mr. Hughes came to me and said, ‘Mr. Parker ask the students about them trading stocks,’ you should have seen their faces light up with joy as they shared their stories with me,” said Charles Parker, Vice-President of the Katie Able Foundation. “I learned that these students really understood their stock portfolio and why they selected a particular company over others. This has gone beyond stock trading, it has entered the realm of real life financial experience for these students,” Parker continued.
The students were trading through a program called TeenBiz3000 which is an internet-based, individualized reading and writing teaching solution for grades 6-8. Using $100,000 in their DEMO account they selected companies of their choice; McDonalds, Nike, and Target to name a few.
“I’m really excited about trading. I made a lot of money on the fake account so hopefully I’ll make more on the real one.” said young Neville, 6th grader at Robert Frost Elementary School.
Carmen Johnson, founder of the Katie Able Foundation said, “We wanted to do what we could to help them to continue trading and use the money they earn to make improvements and buy things their school may need throughout the year.”
“I must admit when Mr. Hughes came to me and said, ‘Mr. Parker ask the students about them trading stocks,’ you should have seen their faces light up with joy as they shared their stories with me,” said Charles Parker, Vice-President of the Katie Able Foundation. “I learned that these students really understood their stock portfolio and why they selected a particular company over others. This has gone beyond stock trading, it has entered the realm of real life financial experience for these students,” Parker continued.
The students were trading through a program called TeenBiz3000 which is an internet-based, individualized reading and writing teaching solution for grades 6-8. Using $100,000 in their DEMO account they selected companies of their choice; McDonalds, Nike, and Target to name a few.
“I’m really excited about trading. I made a lot of money on the fake account so hopefully I’ll make more on the real one.” said young Neville, 6th grader at Robert Frost Elementary School.
Carmen Johnson, founder of the Katie Able Foundation said, “We wanted to do what we could to help them to continue trading and use the money they earn to make improvements and buy things their school may need throughout the year.”
With the $1000 the students received, they are now able to trade on a LIVE trading account. For more information about how you can donate to the Katie Able Foundation so they can continue to help students in this manner, please visit http://www.katieablefoundation.org/ or call 301-352-5855
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