I kicked around Peru back in the early '70, teaching English for a couple of months. Surprisingly, even with a lack of practice in recent years (and decades) , the guy is easy to understand. People want to deny it. But Spanish really is the US’s official second language.
Aqui hay un otro video informativo.
Years and years ago, when my son was an analyst/programmer at Wells, he got to wondering why Wells wasn’t making an outreach to the unbanked, most of whom were from Central or South America, documented or not. I don’t remember the amount of money such people send back to their home countries. But the total is huge, and someone is making fees from those transfers that he saw a way for Wells to be capturing. Management --in its “wisdom”-- chose not to follow up on his suggestion. But it’s a project that still interests him, given how at home he is in the Spanish speaking community, simply by virtue of living in California and having employed live-in nannies from Mexico as his daughters grew.
These days, with the southern border wide open, millions are entering the country, the majority of whom speak Spanish. Informed estimates put the number of the undocumented now in this country at 30 million, the majority of whom speak Spanish as their first language. One could bemoan that fact, or embrace it, or it simply try to find humane ways to manage it.
For all is faults, financial markets in the US are nothing if not hugely liquid and hugely accessible, even for tiny, miniscule accounts. But for the majority of the US population, native or not, documented or not, stock investing isn’t a part of their life, just as it wasn’t for their parents. But if one engages US markets, one has to engage its common culture, its past history and current politics.
As far as I can tell, the schools are doing nothing serious or worthwhile about basic financial education, much less trying to teach students how they might grow wealth through investing. But if the US is serious about integrating the newcomers to this country, and the schools aren’t doing the job, an opportunity is created for them who believe the task is worth doing.
I’m not the person to lead the effort. But a version of Quill’s methods might be a part of such a stock investing program, given that a chart is a chart, no matter the language spoken by its viewer.
Charlie