£10 To Invest

jambutty · 29-01-2007, 14:24

10,000 school children are to be given £10 each with the aim of making it grow.

Good or bad idea?

I think that it is a splendid idea and could find the new Richard Branson or Dyson.

accymel · 29-01-2007, 14:31

What to put on the stock exchange ??

jambutty · 29-01-2007, 14:42

£10 won’t get you very far on the stock exchange accymel. But this isn’t about how we old and not so old foggies would make the money grow. It is about the youngsters, brimming with ideas, would set about turning the £10 into a higher amount. No doubt if those ideas were posted on here there would always be someone only too ready to dismiss them and call them daft.

During the piece on the wireless it was mentioned that some time in the past someone exchanged a paper clip for something and that something for something else until, believe it or not, he or it might have been a she, acquired a house. I have no way of knowing if that is true or just an urban myth but if true it does show what can be done.

There are people on Ebay that buy and sell goods and make a profit and I’ll bet that some of the 10,000 will consider that as an option.

entwisi · 29-01-2007, 14:43

nope, buy £10 worth of crack, split it with chalk dust from teh teachers drawer and sell teh wraps on at 100% profit

jambutty,
http://oneredpaperclip.blogspot.com/

magpie · 29-01-2007, 14:46

or do what my little un did: sell chocolate bars at dinner time:
I think it could be a good idea, maybe get some of the little loves thinking . time will tell:

jambutty · 29-01-2007, 15:05

So it isn’t an urban myth.

Much obliged for the link entwisi.

When I was at school and yes they did have school in those dark days and we used paper and not a slate, there was the craze of firing paper pellets from an elastic band stretched between fingers.

I would buy a packet of 20 or 30 elastic bands from Woolworths for about 6d and sell the suitable (about half the packet) ones for 1d. The smaller ones I would link together and sell then also. I would make about one shilling and six pence on a packet of elastic bands, one shilling for me and six pence to buy another packet. Words like rope, old and money would have come to mind.

It even got to the stage when I could sell the paper pellets (10 for a penny) that I made because my method produced superior pellets that flew truer than the standard folded ones. They also hurt more when striking a taught rear end as someone bent over.

entwisi · 29-01-2007, 15:17

ASBO jambutty!

jambutty · 29-01-2007, 15:27

Fortunately they didn’t have them during my school days.

My enterprise was cut short by a well aimed cane and a confiscation of my stock. The cane bit cured me.

Kitkat · 29-01-2007, 16:38

Its a great idea, you'll be surprised at what brilliant ideas kids will have to make money, other schools have tried it and were surprised at how much money was made

***Mr D*** · 29-01-2007, 17:17

Good Idea.

May even teach them the Value of money.

WillowTheWhisp · 29-01-2007, 17:18

It sounds like a excellent idea. The son of a friend of mine had quite a little business going selling conkers when he was younger. He collected them, graded them, bagged them up and sold them and all it actually cost him was the bag.

cashman · 29-01-2007, 17:22

love the idea,think it will do nothing but good. also think schools should teach kids how to handle money(if they dont?) they didn,t in my day.

jambutty · 29-01-2007, 17:27

Being a father to 4 (now well into adulthood) grandfather to 11 and great grandfather to 4 I am not surprised at the inventiveness of children Kitkat. They are not bogged down with tradition and to use the modern parlance, “think outside the box.” More power to their creative elbow.

Very sadly, in the past a child’s suggestion was usually dismissed with disdain and often accompanied with something like, “don’t be so daft or you know nothing about this.” Today more and more adults will listen to what a kid has to say.

andrewb · 29-01-2007, 17:32

When I first heard about this a few weeks ago I thought it was a brilliant idea. I wish they did it at my college haha! Some of them will just spend it down the shop, but others will have a huge competition over who can make the most money, which is a huge motivator and drives new ideas and entrepreneurship!

yerself · 29-01-2007, 18:21

Buy a tenner's worth of Swan Vestas and put them on Ebay as disposable cigarette lighters. 'Buy Now' 30p each or 5 for a quid.