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re: Beginner investors. My 2 teen kids.
Posted on 4/4/23 at 8:57 pm to j1897
Posted on 4/4/23 at 8:57 pm to j1897
quote:
I'd say let them spend it till they graduate college
I don’t want them not to spend money. I would like a nice balance. Heck. Even if they only invested a little. That’s 100% more than me
Posted on 4/4/23 at 9:02 pm to lsugorilla
I think you could get them set up with etrade accounts and let them do what they want and decide how much to put in
Im not sure when I got one but I was 18 or possibly younger
Like you hook it up to a bank account and it goes and lets you buy whatever you want and theres no real tax issue there unless they make money
ETA: You at least need to teach them about taxes and the government so they don't become libs in college
if you want to get them to "intermediate" level you could teach them to hate the "market makers" too if you feel me
Im not sure when I got one but I was 18 or possibly younger
Like you hook it up to a bank account and it goes and lets you buy whatever you want and theres no real tax issue there unless they make money
ETA: You at least need to teach them about taxes and the government so they don't become libs in college
if you want to get them to "intermediate" level you could teach them to hate the "market makers" too if you feel me
This post was edited on 4/4/23 at 9:04 pm
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