It amazes me how few people invest in the stock market...
Given how important it is to keep your savings up with inflation, it never ceases to amaze me how few people actually invest or even know how to do it or why they should do it.
Why aren't we taught about investing in school?
It's a real shame and Czech education is one of the things that annoys me the most.
I definitely think investment should be taught in schools, as not every student is lucky enough to have their parents teach them and explain it to them. After all, by using DCA in ETFs, one can make a really nice profit and appreciation in 20 years.
Definitely better than what is offered by a very popular service in the Czech Republic, the savings account. :)
Well it used to be called merchant's calculus, it was taught to young children and it was very practical and understandable. Somehow it got conflated with abstract math which most people don't understand and hate and don't realize what a mistake it is. In any case, Tradition runs in the family, if it doesn't then establish it. My opinion, talk about money within the family openly even with the children and tell the little kids stories of who did what, (to illustrate the house) who we got the house from, why it is important not to settle for that and build another one, and who flipped the house. Or even more complex ones, one which, with appropriate commentary, was told to children during the communist era I have presented here in Part Three.
https://bulios.com/status/93628
Well, the icing on the cake is if a grown-up child gets the joke.
Grandpa says to his grandson, boy, modesty is the most important thing in business. Remember, even just one percent is enough. Well, I'll give you an example. You know one percent is one crown in a hundred. So if you buy something for a crown and sell it for a hundred crowns, that's enough.
Well, just refresh yourself on what buyer's numbers are and teach them to your family when school doesn't do it. That's basic.
If I were a teacher, I would definitely teach them. Generally it will be determined by the history of our country. Of course, the options have been around for a while, but people just aren't used to it, like in the US. Also, fear plays a big role. Generally the vast majority of Czechs see real estate as the only possible investment, they need to physically see what they are buying. This is then further reflected in their absurd prices, but that's a longer story... 😉
I will add that I am sorry that I did not learn how to do a tax return in school, for example. Basic stuff like that.
