Reply to Teen who is interested in investing app but no real money yet, wants to learn-recommendations?

Forum Index » Money and Finances

Reply to "Teen who is interested in investing app but no real money yet, wants to learn-recommendations?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I'd be really really careful.  Remember that 20 year old who committed suicide because he thought he owed 700,000.  If he reads Wall Street Bets on Reddit that is a big red flag too.

https://www.cnn.com/2021/07/01/business/robinhood-lawsuit-suicide-settlement/index.html

What about doing pretend stocks like we did in high school economics (some websites let you put in pretend investments and track them).
[/quote]

I teach HS math. I have boys in Algebra who can't multiply 3 times 4 but I catch them on their laptops watching trading videos or looking at stock charts instead of doing their work in class. The irony is they can't even remotely quantify wins or losses because their math is so bad (heard one bragging the other day to a friend about how much money he could make trading xyz and if his inputs were correct he was off by a couple of orders of magnitude).

So tempted to tell them they're prime examples of what Wall Street calls the "dumb money" that it fleeces on a regular basis, but wouldn't want them to go home to mommy and daddy saying the teacher called them dumb.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics