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Reply to "Small gifts of high risk early stock for my teen’s Roth IRA"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's like buying lottery tickets. I don't think it's going to result in gains, and I don't think it's a particularly great lesson either.[/quote] I did this when I was 20 and got an inheritance from my grandmother. The lesson that I learned is that you can (and probably will) lose all of your money and it's not wise to invest in individual stocks. [/quote] But that's an okay lesson to learn at 18 years old with $500. There are people on here who got rich buying things like Tesla. Tesla is a very scummy company and it's made most of its money from carbon credits for years. And Elon Musk is dangerous. But people still made a lot of money off that. High risk, high return. Low risk, low return. Important to understand to become a thoughtful investor.[/quote]
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