£10 To Invest
 

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.
:D

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What to put on the stock exchange ?? :rolleyes:

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£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.

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

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

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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:

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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.

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ASBO jambutty! :D

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Good Idea.

May even teach them the Value of money.

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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.

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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.

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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!

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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.

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around 1978 i stole/borrowed £5 from my mums purse and purchased as many click top biros that i could

i then went door to door around baxenden selling these pens at 50p each more than doubling my money and putting the £5 back before it was noticed missing

i tried again a week later but by mistake took two five pound notes and when i handed it across at the news agaents she rang my mum because she thought £10 was an awful lot of money for a 7 year old to be having

i go beat sensless but it does show that crime does pay as long as you dont get greedy or make dumb mistakes lol

around teh same time another profit making enterprise was in full swing

me and friends used to collect golf balls from the fields surrounding the baxenden golf course and sell them door to door , if buisness was slow we used to hide and nick golf balls as they landed on teh green

kids can be very resourcefull but i suppose the £10 head start wont hurt but any kid with any get up and go about them wont need the £10

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Heard a little bit of this myself Jambutty at lunch .. didn't quite catch who would be funding the £100,000 in the first place. ?

Seems groups could also amalgamate to raise more capital for investment.

Loved the idea of the 'entrepaneur' who suggested framing it (as would become famous later) to raise collateral against a loan of say £1,000 as would sell on E-bay/auction later ... mmmm . not so sure.:confused:

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Stupid idea.

Unless one of them happens to buy a bag of skank with it.

Who knows, perhaps in a year or so, a few of them might be millionaire drug dealers.

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The same lessons could have as easily been done in theory, for instance following the Stock Market, etc., and the money spent on books.

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Such a misanthropic view of human nature garinda!

(yes I did promise someone i'd use that word today)

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I think it's an interesting idea. I just hope there's alot of accountability and a really drive for the kids to all attempt to "improve the lot" of the 10 quid.

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Indeed they could garinda but with real cash the lessons would be learned that much better.

I’m pretty sure that there will be some sort of accountability LancYorkYankee. No doubt there will be some who will be off to the nearest off license for a packet of fags and a bottle of something but I think that most will enter into the spirit of the deal with relish. And I don’t mean that they will buy burgers.

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Well then, perhaps even more lessons could have been learned if they had to raise the inital £10 investment from scratch themselves.

That would impress me, and would have shown greater entrepreneurial skill.

After all it's rare in real life for someone to stump up the dosh straight away for any new business, without any inital ground work having been done.

A more interesting lesson, and all for free, and the money could then have been spent on more important items, such as books.