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April 14, 1989 - Image 52

Resource type:
Text
Publication:
The Detroit Jewish News, 1989-04-14

Disclaimer: Computer generated plain text may have errors. Read more about this.

EDUCATION

BEST WISHES FOR
A HAPPY AND HEALTHY
PASSOVER SEASON.

Students Study Sources
Of Financial Markets

HEIDI PRESS

News Editor

ewish sources — Bible
Talmud, Mishnah —
are the focal point of
the curricula at Yeshiva Beth
Yehudah and the Sally Allan
Alexander Beth Jacob School
for Girls. But now, there's a
new source of writings to
which the students are
devoting serious study.
The financial pages.
As part of their secular
courses in math at the
yeshivah and in economics at
the Beth Jacob School,
students are learning the
whys and wherefores of the
stock market, mutual funds,
T-bills, certificates or deposit,
bonds and other investment
instruments. According to the
girls' teacher, Mary
Dahlgren, they're making
money — on paper — "hand
over fist."
The boys, and their teachers
Sandy Ellenstein and Chanie
Goldman, who each invested
a minimum of $2 out of their
own pockets, are not doing
quite so well. Their AT&T
stock fell Y4.
The boys' investment club
began as part of their math
studies. The 28 sixth graders
meet two to three times a
week during class time to
read the daily stock reports,
pick out other stocks in which
they'd like to invest and
report to the class about
stocks they've researched.
Gerald Naftaly, vice
president-investments at
PaineWebber, Inc., distributes
information to the students —
research reports and
materials on how companies
operate and how they're listed
on the exchanges. Jeff Pearls-
tein, an investment counselor
and parent of one of the
students, also speaks to the
boys. Rabbi Menachem Weiss,
the yeshivah's bookkeeper,
discusses the financial and
tax aspects.
Ellenstein and Goldman
created the project because
they "thought it would be
good for the kids to learn
(about the stock market):'
The shares they buy are in
the yeshivah's name and all
profits will go to the school.
Twelve-year-old Naftali
Gardin of Oak Park enjoys the
investment club. "It's fun," he
said. "I always wanted to
know about stocks!' He writes
for information to various in-
vestment firms who in turn
call him at home to discuss
his investment plans, not

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52

FRIDAY, APRIL 14, 1989

realizing that they are deal-
ing with a youngster, his
mother said.
Usher Roberg, 11, sees the
club as an opportunity. "I've
always been interested in the
stock market," he said.
"Now's my chance to find out
about it!"
In Mrs. Dahlgren's class,
the girls are learning about
the impact of world events,
such as the Alaska oil spill,
on the stock market. The in-
vestment unit was created to
teach the students about
"money in general, how it
reacts to things going on in
the United States and the
world," she said.
In her class, four groups of
students were given a make
believe $100,000 to invest.
They pick their investments
from CDs, bonds, mutual
funds, money market funds
and T-bills. But, she said,
they can't pick investment in-
struments blindly. "They
have to see the yield, poten-
tial earnings!' she said.
Dahlgren gave each group a
stock resource portfolio, com-
piled from newspaper and
magazine clippings and
publications from Merrill
Lynch. They have no invest-
ment counselor to advise
them. "Newsweek columnist
Jane Bryant Quinn is our ad-
viser," Dalgren said. "And
Louis Ruykyser."
The groups are given class
time on Fridays to discuss
their investment strageties,
and they meet outside of class
as well.

"I'm getting them to
understand the financial
markets," Dahlgren said.
"You have to know why you're
investing, what you're look-
ing for!'
Perl Fine, 17, of Oak Park,
has found the project educa-
tional. "I can open the
business section of the paper
and understand what it's
about," she said. "Every mor-
ning we use the paper and
decide whether to invest or
take out."
Sixteen-year-old Susie
Cohen of Oak Park learned
something else besides profit

'I've always been
interested in the
stock market.
Now's my chance
to find out about
it.

and loss. "We're learning how
to work in a group," she said.
Since the project began
March 1, three of the four
groups have been successful,
Dahlgren said. Some have
seen a paper profit from in-
vesting in Northwest airlines
and in West Texas Inter-
mediate Crude. Some of the
students have become so con-
fident they're giving their
parents advice.
Dahlgren said she is proud
if her students' financial pro-
wess. "They've done quite
well!' ❑

Beth Shalom Club Makes
Stars Of All Students.

HEIDI PRESS

News Editor

E

very student is a star
in Congregation Beth
Shalom's religious
school, whether he/she earns
all alephs or not. What wins
the students this special
recognition is academic
achievement, good citizenship
and a lot of effort.
The religious school began
recognizing the students with
certificates when it formed its
Student of the Month Club in
September. Each month the
teachers from each of the
schools' grades' kindergarten
through seven — pick one
child to receive a certifi-
cate based on his/her
achievement.

According to Education
Director Cy Servetter the
club was started to give all
kids recognition, not just
those who get all 'A's. "We
want to give as many in class
a chance as we can," he said.
"Everyone who puts forth ef-
fort in one of these categories
should have the oportunity to
be selected!"
The teacher selects the can-
didates for the honor and
Servetter gives final ap-
proval. Usually three children
are chosen each month — one
from each category — except
in the kindergarten where on-
ly one per month is selected
because the class size, eight
students, is so small.
Following their selection,
Rabbi David Nelson honors

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