Beginner investors. My 2 teen kids.

Do they have jobs?

You can set up Roth IRAs if they do.

If they don't have the lazy bastards get one and then set up and IRA.

I teach a two week rotating class to high schoolers on this very topic.
If you email me I can send you my Google Slides.

I preach time in the market > timing the market
I emphasize the differences between investing and trading, while encouraging both.
And I recommend QQQ and SPY or VTI as Roth IRA repeating buys.

Get them to invest in a lawnmower or something so they can make actual money

Unless you want them to learn about putting money in and it only going down early.

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If you email me I can send you my Google Slides

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Yes please. What is email

I have heard earlier the better. I’ve been stalling for a year now. They both keep hounding.

I keep saying just put it in a leave it. Don’t try to buy and sell. Hope I’m right

Let them learn their own mistakes

I lost like 20k in college. I didn’t learn anything I don’t think but still. For them to invest now they may very well learn a lesson and never invest again

I’m just saying nows a bad time to put money in

ETA: I’m sure you’ll get everybody telling them to vanguard and chill but it’s gonna keep going down as the boomers pull out for retirement.

Dont go down to the bank to invest! Open an accountS w Vanguard, Schwab, or Fidelity. (One for yourself while at it)

Have them read some basic finance books. J.L. Colins Simple Path to Wealth for example. Learn with them, it will pay dividends for all of you.
Fidelity how to start investing
Fidelity is offering $150 to start a youth account Fidelity

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I don’t want them ending up like me with a above average paying job but living paycheck to paycheck with nothing in retirement and a small saving that gets depleted frequently for unexpected emergencies

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Not too late for you to change your own habits baw

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I lost like 20k in college.

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I never saw this amount of money until after my 1st job out of college and even then it was going to food and rent. I wish I’ve ever had that amount to invest.

They are in same boat.

Both have under $1,000. From part time working and saving Christmas and birthday money over the years

I believe in you baw

Ngl I wasn’t given the 20k I worked shitty jobs and lsu kinda caked me up since I did good in high school and on the act

Don’t get your kids too wrapped up in stuff where they get tax raped to pull money out for like a car or whatever

And without sounding like a dig at you, one part of the market relies on people like you and your family that are easy marks for the carnies that run the stock market

ETA: that’s probably the largest part of the stock market, innocent people putting their retirement in

We’re trained to keep money in and keep putting in while the country goes to shite and the market makers play games that screw us and benefit them because “you gotta be in it to win it!” And you’ll get tax raped if you pull out

I’m glad you’re still so cheerful because I’ve seen you take a bunch of l’s in real time

Y’all have a way rosier picture of a 20/30/40 year timeline than I do

My plan is basically to keep enough cash so I can buy citizenship to a third world country for when they take away the right to own property in America. This will happen within 20 years

ETA: my ancestors came here for freedom and to not starve, I wonder if they even expected us to make it this far or if they figured their descendants would have to move along in 100 years or whatever