Teaching Kids To Invest Online
from the good-or-bad? dept
Wired has an article looking at some of the online programs designed to teach young children how to invest. They suggest in the article that now might not be the best time to teach kids how to invest since the market has been doing so poorly – but that seems wrong to me. Now might be the best time. Many of the problems we had with investors over the last few years was they had this ridiculous belief that the market only moved in one direction. Teaching people that money can be lost, as well as gained, is a valuable lesson that can help teach anyone to be more conservative with their own finances and to invest more intelligently.
Comments on “Teaching Kids To Invest Online”
yes its a good time
yes its a good time. teaching them how to manage their own small business would be even more valuable, though, for then they’d understand what they are actually investing in.
Teaching kids how to invest????? Jesus H Christ, why not teach them how to play poker instead. I bet nobody would be prepared to teach them the stock market is just gambling.
Because right now we have a huge problem in this country with the average 20-30 year old having hundereds or thousands of dollars in high interest (credit card) debt. Teaching kids how to save should be of critical importance, and investing is the next step beyond a savings account. There’s more to investing that just the stock market, CD’s, bonds, mutual funds, etc. And maybe if there were more informed people, instead of people who either think money grows on trees or think all of investing is “gambling”, we might be a little better off.
Great advice and the earlier you start the better and more comfortable they will be with investing.