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Thanks but I wouldn't recommend an otcbb stock for any child.
This board is for less riskier stocks with long term growth.
PVNC WOULD BE A NICE CHOICE HERE.
CASH
News Flash: Fool Pays Teen $1,000!
http://www.fool.com/investing/value/2007/03/09/news-flash-fool-pays-teen-1000.aspx
Selena Maranjian
March 9, 2007
In our 2002 book The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of, we announced a contest to award a five-year, $1,000 annual grant for the "most eloquent and effective advice on personal finance, investing, or business offered by a teen." Now that the fifth year has ended, it's time to announce the contest results for 2006. Congratulations to our winner, Kenny Lee!
The winning entry
We were impressed by many of the entries, but the judges deemed Kenny's the best. Kenny hails from Monrovia, Calif. Below you can read much of his winning entry, which condenses many important financial lessons into a small package. I've added a few notes in brackets. Share it with any teens you know. Many of us ex-teens could learn a few things from Kenny, too.
1. Save your money! Most teenagers tend to work so they can earn money to spend. Little do they know, spending money is actually hurting them. In the U.S., [the personal savings rate] is [near] an all-time low.
2. Open a high-yield savings account. Don't let your money sit in a piggy bank or let it collect dust in your drawer. ING Direct offers 4.50% APY [annual percentage yield] on your money, with a minimum balance of $1. (HSBC and Citibank require account owners to be at least 18.) $1,000 can be $1,000 if you put it in your drawer, $1,009 if you put it in a checking/savings account in your bank, or $1,045-plus if you put it in a high-yield savings account.
3. Do not get into debt. Getting a credit card is becoming easier and easier in the United States. The key to using credit is to use it effectively. Always pay your balance in full.
4. Open rewards credit cards. Many people do not know the benefits of opening a rewards credit card. In the end, it will save you some money and get you a few perks.
5. Start investing young. People tend to think that investing is for adults, but it's not true. It is easy to set up an investment account under a custodial name. Keep your transaction costs low, [and] open an account with low commissions, [such as with] Scottrade, E*Trade, or TD Ameritrade. If you make more than 10 trades per year, it really adds up. [That's true: A difference of just $15 in commission costs can amount to $300 per year, if you make 20 trades. Learn how to find a good and inexpensive broker by checking out our Broker Center.]
6. Never fall for the "$0 down" car-buying scheme. Many people immediately jump and buy a car when offered $0 down. That is the easiest way for teens to get into an upside-down loan, when you owe more than the object is worth. [Dayana Yochim can tell you how to avoid bad car loans.]
7. Owning is better than renting. Whenever you have enough money to have a down payment and a stable monthly income, you should consider buying a house. As demonstrated in the board game Monopoly, it is more beneficial to own than to rent.
8. Diversification is key. Whenever you are investing, always diversify. Never put all your money into one stock or sector. Consider investing in Berkshire Hathaway (NYSE: BRK-A), index funds such as Diamonds (AMEX: DIA), S&P 500 Depositary Receipts (AMEX: SPY), the Nasdaq 100 (Nasdaq: QQQQ), or [managed] mutual funds.
9. Never try to catch a falling knife. When investing, do not try to buy stocks that are falling. Instead, wait for them to recover, then buy. Famous examples [of falling knives] include the dot-com bust of 2000. Many investors decided to follow the crowd and buy stocks when they were cheap, but in the end, most investors lost money. Take a look at JDS Uniphase [ (Nasdaq: JDSU)], CMGI (Nasdaq: CMGI), or Microsoft [ (Nasdaq: MSFT)]; none of those stocks are back to their 2000 highs. In contrast, Berkshire Hathaway shares were at a low when these dot-com stocks were at an all time high, so don't try to catch a stock when it's going down -- it just might go lower.
More resources for teens
Help teens get a financial head start in life by pointing them to some other informative resources. Here are a few, starting with a book and a nook:
Our book The Motley Fool Investment Guide for Teens: 8 Steps to Having More Money Than Your Parents Ever Dreamed Of. (Check it out on Amazon or at your local bookstore -- it's gotten good reviews!)
Our online nook for teens, Teens and Their Money. It's chock-full of information and advice on saving, earning, spending, and investing money, from both Fool staffers and fellow teenagers.
Our Teens and Their Money discussion board.
This article on making your teen a millionaire, which offers some eye-opening excerpts from our book.
The best gift you could give to teens you know is a nudge toward financial independence. If they don't thank you now, they'll likely do so some years down the road.
No they didnt have a liquor license when I planned on trying them out. I know a few people who didnt care for it.
Hi TTF
have you tried it?
I haven't checked the stock in a while.
Tina. We just got a Chipotle Mexican Grill in Toledo and the place is dead.
Mutual Funds Want Your Kids
By Rob Wherry
Companies Featured in This Article: Charles Schwab, Standard & Poor's Depositary Receipts, Chipotle Mexican Grill, McDonald's, Google, Mattel, Coca-Cola, Hershey
The mutual-fund industry is launching programs and specialized products designed to entice people in their 20s -- and even younger -- to invest.
The pickings, it would seem, are ripe. Many of today's college graduates are swimming in student loans and credit-card debt. And they typically aren't schooled in how to pick a mutual fund, let alone weed through the choices in their 401(k) plans.
"Most young people just don't get it," says Andi Kang, a Huntington Beach, Calif., financial planner who occasionally waives her fees for 20-somethings just starting out on the path toward retirement. While she is hoping ...
Thanks Rocky! I updated it.
Hey, Tina and Irish! It's been awhile since I stopped by - love all the additions to the Ibox.
And, just wanted to let you know, the link for Tips for Kids isn't working. Here's one that should work:
http://www.tipsforkids.com/
Hope y'all are having a great 2007!!
even the kid's stocks are up!!!
weeeeeeeeeeeeeeeeeeeeeeeeeeee
just turned 10, 4th grade.. He would rather be doing something with me than playing video games and stuff like that although he really likes video games.
lawd how old is he? lol
my youngest is very into saving money. she has this dream of living in a mansion and having "hired help."
lol me doing things with him is what he likes the most so I guess I'll work something out there and make more time..
bribe him!
what's he obsessed with? games? money? vidoes?
All A's? sweeeeeet my son hasn't done that yet, would be nice to see.
yikes!!!'
almost report card time, looks like i'm going to have to add major $$ to my youngest's stock account...appears that she's going to beat my challenge and make all A's!
Merry Christmas Eve Dave!
That's an awesome site and thank you for posting it =)
Hope you and your family have a safe and happy holiday
t
Fun site to track santa tonight..
Merry X-mas !!!
http://www.noradsanta.org/en/map/index.php
Irish and board:
Don't forget to invest in your kids....it's an AWESOME present they'll appreciate many years from now
Yes it is .... !!!
Isn't that the funniest thing you've ever seen ~~~~ know we know what happens when RITA shows up !!!!!
Excellent, Lizzy !!!
I love Santa! Don't worry, he landed in a haystack!
Hope there was no needle in there!
tnx, f/l .... Luv your Siggy .... !!
Mornin Slugger! I love to play this stock, but it's wild! This news should push it up a buck or so!
LFBG ... Now I got it ...
I meant THIS one ... !!
Exactly which Symbol are ya referring to, Lizzy ...??. Goood Morning, and GRUBola .... !!!
Watch this morning...this can really move!
LFBG news!
LFBG 3.31 0.00
LEFT BEHIND: Eternal Forces PC Game to Appear on Fox News Channel: "Hannity & Colmes" ShowLEFT BEHIND: Eternal Forces™, the PC game from Left Behind Games Inc. (OTCBB: LFBG), is scheduled to appear Monday, December 18 on Fox News Channel: "Hannity & Colmes." Consult your local listing for time and channel.
Left Behind Games co-founder and CEO, Troy Lyndon, will join "Left Behind" book series author, Jerry Jenkins, as guests on the show.
"I am very excited about the opportunity to discuss LEFT BEHIND: Eternal Forces with Fox viewers and settle any misunderstandings about the game in view of recent controversies," says Troy Lyndon.
Left Behind Games' first product, LEFT BEHIND: Eternal Forces, a PC game, is now available at more than 10,000 major retailers and inspirational book stores. Players will experience a post-rapture world in the ultimate battle of good versus evil. The storyline is based on the best-selling "Left Behind" book series by Tim LaHaye and Jerry Jenkins, which has sold more than 63 million copies worldwide.
For more information, visit www.eternalforces.com
ABOUT LEFT BEHIND GAMES
Left Behind Games Inc. was founded in October 2001 for the purpose of developing games based upon the popular "LEFT BEHIND: book series. The mission of Left Behind Games is to become the world's leading independent developer and publisher of quality interactive entertainment products that perpetuate positive values and appeal to mainstream, inspirational and gamer audiences, while remaining committed to increasing shareholder value and pursuing the highest standards of integrity and professionalism in all business affairs.
LEFT BEHIND is a trademark of Tyndale House Publishers, Inc. that has been registered in the U.S. and other countries. ETERNAL FORCES is a trademark of Left Behind Games Inc. in the U.S. and other countries. All rights reserved.
Thanks for stopping by Gold!
Any suggestions are always welcomed =)
I wish I had started much earlier myself.
Hi Tina and Irishbull,
I just came across this board. Great idea.
Teach the young ones (and maybe not so young) that every penny you put to work for you instead of spending, will help increase your wealth.
Also teach them the concept of compounding interest. This is particularly important at a very young age because they have so many more years for the money to multiply.
Also when young ones start working, especially full time work after college, get them to begin saving/investing as much as they can afford, so they gain the most from compounding.
I saw a chart once that showed someone that regularly invested a small amount starting at age 25 ended up with a lot more than another person who started regularly investing a large amount beginning at age 40.
My first job had a very good retirement system. When I was in my early 30's I changed jobs and withdrew all of my retirement and spent it. I didn't start saving again until many years later. I kick myself in the arse every time I think about that young and foolish move.
Best of luck.
Ron
Morning, I slept like a baby ;)
morning bull
no sappy songs last night!
hope you slept with the angels =)
REALITY is often molded out of DREAMS !!!!!!!!!
Anchors Away !!!!!!!!!
if you like boats, then you need to go during the annual boat festival!
I always dreamed that one day I'd own a big boat and just travel.
omg that would be so nice!!
Ah ~~~ I have never been to Maryland. However, I did have a former work associate who was from Baltimore.....he always raved about what a beautiful area (city/state) was...and told me I needed to visit. So..............like about a hundred other areas of the U.S.A. ~~~~ it's on my list !!!
Both are of Annapolis Maryland. That's where I was born and grew up.
I actually had an apartment over looking the city docks right before I moved to NC.
I miss being able to walk around town and buying fresh fish at the seafood market!
who's prints are those ? Ives ?
BEAUTIFUL scenes !!! I think the top one
is an early seen from New Bern !!!!
http://www.lib.utexas.edu/maps/united_states/north_carolina.75.jpg
awwwwwwwwwww ty sweetie, me too!
I still have a lot of baking to do, shopping and wrapping!
hey Tina....just busy being busy w/ the holiday prep and all.
I "detect" a little BUG down in the Tarheel State ~~~ hope it leaves soon !!!
good wonderful morning EZ!!!!!!!!!!!!!!
where ya been?
have a great day =)
My favorite (and most productive) time of the day also, Tina !
G/M to you !!!!!!!!!!!!!!!
lol you're the best bull!!!
Yikes, sorry to hear that, colds are no good especially with sappy sad songs
didn't go well with my cold
cough cry cough cry cough
bet my nose was redder than Rudolph's! lol
lol oh no, not sappy sad songs
listened to sappy sad songs on Missy's board
her and drummer are really good people
Yes, hung with the kiddies and went to bed early.. how bout you?
have a good night?
Ever wonder what to get a kid that has everything? How about a unique gift that teaches them about money? Ever consider stocks for kids?
Buying stocks for kids can be very educational. Introducing the concept of money at a young age can be very beneficial and teaching kids by involvement and participation is a very effective method of establishing an understanding of how money and business works.
ShareBuilder, ShareBuilder401k , Netstock , Kidstock
The ShareBuilder Young Investor Pak encourages an early start to long-term investing with a little iTunes incentive to make it fun. It comes with the ShareBuilder Young Investor Starter Kit, packaged in a great Tek Messenger bag – savvy for any young professional on the go and the perfect size for a laptop.
With financial news and advice from Young Money & Money Magazine along with education tools to help track performance online with ShareBuilder – the Young Investor Pak is a great gift for an upcoming graduate or young adult just entering the workforce.
Includes:
$25 account bonus*
$10 iTunes gift certificate
ShareBuilder iTunes Bonus Program – earn up to $20 more in iTunes
ShareBuilder Quick Start CD
Free copy of #1 National Bestseller The Automatic Millionaire by David Bach
1-Year subscription to Young Money & Money Magazine
PeoplePC Internet service offer
www.sharebuilder.com
Sharebuilder Gift Certificates are available for $25/50/100/250
First Stocks for Kids
There are lots of other great stocks in which young ones might invest. Take a trip to the supermarket, for example, and you'll run across many of their favorite foods, many made by solid companies. Lucky Charms fans might invest in General Mills (NYSE: GIS) -- which also owns the Betty Crocker, Pillsbury, Green Giant, Häagen-Dazs, and Old El Paso brands, among many others.
When it comes to fashion trends, your young ones are likely much savvier than you are, and have some major edges in evaluating companies as possible investments. Help them understand the many advantages they have as young investors -- such as the power of time and insights into the youth market
Disney (NYSE: DIS)
McDonald's (NYSE: MCD)
Hershey's (NYSE: HSY)
PepsiCo (NYSE: PEP)
General Mills (NYSE: GIS)
Limited Too (NYSE: TWB)
Nike (NYSE: NKE)
Abercrombie & Fitch (NYSE: ANF)
The Gap (NYSE: GPS)
Kids for Entertainment (KDE)
ICONIXBRAND (ICON)
Dominos (DPZ)
One of the best ways to purchase stock in small amounts is through ShareBuilder www.sharebuilder.com. The commission is as low as $4 per trade, and there's no investment or account minimum, or inactivity fee.
In addition, ShareBuilder lets you buy fractional shares. If you invested, say, $200 for each child in a stock trading at $16 a share, each of them would own 12 1/4 shares (less the $4 commission).
Another great way to purchase stock in a company for as little as $25 is to be enrolled in a company's Dividend Reinvestment Plan, commonly called a DRIP. DRIPs are plans offered by companies for the reinvestment of cash dividends by purchasing additional shares or fractional shares, on the dividend payment date. Many DRIPs also allow the investment of additional cash from the shareholder, known as an Optional Cash Payment or Optional Cash Purchase (OCP). The DRIP is usually administered by the company without charges or with just nominal fees to the participants, and many allow additional purchases of as little as $10 to $25. For most DRIPs, you must already be a shareholder of the company to enroll. This means that you must own a minimum of one share, but some require that you own more shares.
One of the easiest ways to obtain the first share of a company's stock, so that you may participate in its DRIP, is by going directly to the company. Companies that offer their stock for sale to the investing public are sometimes referred to as No-Load Stocks. These stocks, in many cases, can be purchased without using a broker or paying brokerage commissions.
Here are some companies that make it fun for kids to have shares:
* William Wrigley Jr. Co. sends stockholders a 100-stick box of gum each December.
* Kellogg sends a packet of coupons for such goodies at Pop-Tarts and Froot Loops.
* Disney offers the Magic Kingdom Club with discounts on resorts and theme parks.
* 3M, for a small charge, offers holiday gifts boxes of tape, Post-Its and other products.
Oneshare.com http://www.oneshare.com/Category.aspx?page=kids
First Share http://www.firstshare.com/
Wally's Stock Tracker http://www.prongo.com/stock/index.pl (very fun tool for kids to learn about stocks)
Moneypaper's Investing for kids http://www.directinvesting.com/stockinvestingforkids.cfm
Kids and money http://www.msmoney.com/mm/women/kidsmoney/index.htm
Teen Analyst: http://www.teenanalyst.com
360 Degrees of Financial Literacy:http://www.360financialliteracy.org/Life+Stages/Childhood/Articles/Investing+ABC+Teaching+your+kids+....
EZ2 investment tips: http://www.investorshub.com/boards/read_msg.asp?message_id=15352357
Thinkquest: http://library.thinkquest.org/3096/
Investment Guide for Teens:
http://www.younginvestor.com/
http://www.prongo.com/stock/index.pl
GRADES 5 - 8
Tips for Kids is a free financial education program that places students in real-life situations where they can apply thinking and problem-solving skills. It's a fun and functional way to lead your students in learning how money impacts their world.
Program modules and instruction for students and teachers
Four modules covering key financial topics
Full semester program
GRADES 9 - 12
Tips for Life offers comprehensive financial literacy and career development to prepare high school students for life. This free online program helps students learn how to become financially sound and an asset to employers.
Program modules and instruction for students and teachers
Four modules covering economics, personal finance, technology
and business skills
Full semester program
http://www.tipsforkids.com/
NOTE:
This board is for sharing information related to making investing a fun and learning experience for children. All suggestions, tips, articles, books, and experiences related to this subject are encouraged and welcomed.
Any off topic posts will be deleted. Feel free to post off topic posts here: http://www.investorshub.com/boards/board.asp?board_id=7258
Thank you =)
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