Each month we will provide you one action that you can start with your children now. Over time these actions will help to develop a savvy investor.
This Month's Step:
Invest in a Familiar Company - This is one of the best ways to make it real. While investing in only one stock might not be preferable over the long term, picking a stock and tracking it over many months can be a great way for your teen to begin to understand the market. As time progresses, keeping tabs on the gains and losses in the share price presents a learning opportunity which cannot be replicated by lectures from mom and dad, or even formal education.
