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Elementary School-Aged Kids
Reply to "Where can I find an investment club for my teens?"
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[quote=Anonymous]No club to point you to, we just do it ourselves. My husband, who is way more interested in this stuff than I am, has been sitting down with our son, who is now almost 7yo, for the past 2 years and has opened an account for him to trade with. It's not a formal thing, they just sit down together every few months to review progress and pick investments together. To be honest, I really didn't think DS was getting much from this because he is so young. But recently, when he & his friend were in the backseat of the car, I overheard a strange conversation: DS: Well, I've got, like $1000. Friend: No you don't. Where did you get it? DS: I invest it. You know, like stocks.. Friend: What's that? DS: It's when you buy a little piece of a company and then, when people buy something that the company makes, I get a little bit of that money... My jaw dropped. It was so odd and funny to hear. That said, DS has become a hoarder when it comes to money. He only wants to invest and will not spend it on anything, either for himself, or to charity. So, we're rethinking things right now...[/quote]
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