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re: Beginner investors. My 2 teen kids.
Posted on 4/5/23 at 8:32 am to Twenty 49
Posted on 4/5/23 at 8:32 am to Twenty 49
Show them this.
And ignore the advice to stock pick. Teach them to invest in the market with index funds and not try to beat the pros. A small percent in individual stocks for sport may be ok. But runs the risk of giving false sense they have some special ability to beat the market when in long term they almost certainly wont. Small wins now could lead to excess risk and big loses later when substantial assets are at play.
And ignore the advice to stock pick. Teach them to invest in the market with index funds and not try to beat the pros. A small percent in individual stocks for sport may be ok. But runs the risk of giving false sense they have some special ability to beat the market when in long term they almost certainly wont. Small wins now could lead to excess risk and big loses later when substantial assets are at play.
Posted on 4/5/23 at 10:00 am to TorchtheFlyingTiger
quote:
Teach them to invest in the market with index funds and not try to beat the pros.
Can I do that with fidelity?
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