Financial Literacy Programme Dividends, Equity, Inflation, Stock Market, Share Price, NZSX50 is the terminology that Year 9 Wharekura tauira of Te Whānau Reo Māori at Te Kura o Manutuke are becoming more accustomed to on their Financial Literacy journey.
Since returning to school in Term 2 they have been learning about Te Mātau Ahumoni or Financial Literacy which is an innovative learning opportunity developed as part of the Rongowhakaata Iwi Trust relationship with Craig’s Investment Partners Ltd (CIPL). Two of the innovations attached to this financial literacy progamme include the bilingual delivery and the provision of investment funds by the Trust for students to use in building their investment portfolios thereby gaining real investment experience.
This initiative is in line with key strategic objectives in three of the Trust’s Pou, strategic outcome domains including; Oranga (wellbeing), Ohanga (economic development) and Rangatiratanga (growing Rongowhakaata leadership).
“The Trust Chair, Moera Brown brokered this initiative with Adam Lynch from Craig’s, one of our managed funds brokers”
“The Trust Chair, Moera Brown brokered this initiative with Adam Lynch from Craig’s, one of our managed funds brokers,” says Trust General Manager Amohaere Houkamau. “Moera thought it would be a great way to encourage our young people to develop financial literacy skills and gain confidence and practical investment experience. “There are currently few Maori working in this sector and we want to see more of our young people working here.” Adam, Financial Advisor and Branch Manager for CIPL is delivering the pilot programme. He previously worked on a similar programme with rangatahi in Hawaii. “While there are other programmes where students can run simulations, this is the real deal. “The investment from the Rongowhakaata Iwi Trust really makes the difference, the students are getting hands on life experience. It’s a pretty steep learning curve and they are doing really well.”
Adam compares the learning to that of learning another language and becoming comfortable with concepts, he has a strong belief that learning occurs most by practice and actual experience. Through the programme, Wharekura students are growing their understanding of basic investment knowledge. Year 9 student, Aio-Bebe Hollis is appreciative of the class, “I get to learn about investing and growing money over a longer term. Nō mātou te maringa nui, kuatae mai a Matua Adam ki te tuari i ōna pukenga me ōna matauranga ki te whakatipu putea.”
This term the students are doing due diligence on selected companies and will soon make investment decisions based on their investigations. Adam is excited to watch how the programme develops over the next couple of years and to see the knowledge of the tamariki grow. “Financial markets are always changing and we are always learning. While the world changes, finding ways to get your money working harder for you has been there forever and I believe this class will come away with a head start in whatever careers they pursue.”
The Trust has set aside a ‘capped’ fund for the Tauira to use for the investments they select that are not only based on an expected rate of return, but also on the basis of values that the companies practice and promote which is important to the Tauira.