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

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[quote=Anonymous][quote=Anonymous]How best can I support my teen who wants to invest but no money? Is there an app where he can intro and pretend how to invest?[/quote]
Do you really mean 'no money' or you have $500? If you are a parent, why don't you have an account? You should already have your favorite investment bank and know how to buy and sell. Personal finance is like any other skill you pass down to your kids.
Here's how you can pretend invest: Imagine they have $5k, identify up to 5 stocks they want to buy and the price they think would be good, the 'buy them'. Check how much money they have two weeks from now.
All this can be done with calculator, pen, and pencil looking up the prices.
$5k/$240 T stock, would give you ca 20 shares, right. Now, it the T price goes down to $220, your account would show $4400. Seems like you lost $600. You haven't lost because you didn't sell. Next month, T stock can be $260, you just made 20 shares x $20=$400.
Everyone has their favorite investment app/bank. Mine is Robinhood.
You cannot open it for the kid. It's for 18+. You should learn first on RH while the kid does it on paper.
Do it inside of Roth if you are eligible. Do your homework when it comes to Roth. 
Once the kid is 18, you are ready to guide them.
Youtube, AI, google are your friends. Hands on is still the best. I learn something every day. [/quote]

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