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Yes much better
Look! The X's are gone! Board's back to normal :)
Thanks $T! I'll add it to the board :)
Just found this site, may be of some help!
http://library.thinkquest.org/3096/
Well maybee i should hurry up and get Sharebuilder gift bucks
"So far, they're doing better than me! lol"
so can get the same result lol
awwwwwwwwwww ty $t :)
I guess that would depend on their maturity levels. You could always open up a custodial account and then once they seem interested, start gradually introducing them to the market by letting them choose companies that they're interested in for their age groups.
In Peter Lynch's book, "Beating the Street," he proved that a class room of 12 yr olds could pick stocks that outperformed those that the top analysts recommended!
The class was broken down into teams and given $250,000 worth of theoretical money and told to choose 10 stocks for their portfolios. The only requirement was that they were able to explain what the company does. It was a competition. The team that won was the team that found a new company that was making colored pens and highlighters. They chose the company because it was something that interested them, was only $5 a share and they realized it had no long term debt! (now how many grown ups do you think do this much research?) lol
I reward my kids with Sharebuilder gift bucks for good report cards and let them choose what they want to buy with it. So far, they're doing better than me! lol
And great board by the way, just boardmark it!
Hey Tina, got a question for you
at what age do you think one should introduce a child to trading!
nice find bubba!
it's really up from its 52 wk of $12.365
CROX $50.60 reporting after hours. This one seems to be a favorite among the kids.
We teach our kids about math and grammar and science, but its just as important to teach them about self-respect and self-love.
NAIC, "Better Investing" for youth memberships
http://www.betterinvesting.org/Public/Store/Product.htm?product=8010
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One to watch...MVBY
I thought I posted it here a couple weeks ago (maybe not)....had a great run, and more to come! Here's the board...
http://www.investorshub.com/boards/board.asp?board_id=9466
I loved that book when i was a little girl!
Thanks. She likes to read. She took Anne Frank and some other book with her to camp.
I bought the oldest a good book but she's not here right now or I'd ask her the name of it for you.
I'll find out and post it later but it gives kids advice on investments and saving for the future.
The oldest is 11 and the youngest just turned 5. She is at basketball camp this week, softball camp next week and then church camp. lol I wished I was young again.
how old bubba?
my kids are 11 & 13 and I give them stock money for their grades.
They have a sharebuilder account and love picking stocks! My oldest has had MCD from I think $26 so she's just about doubled!
This board is a good one. I am helping my oldest set up a paper trade portfolio right now and we are gonna do a real one very soon, of course she won't be able to trade anything herself but it helps her understand how you can build your money up with stocks, plus it is fun for her and I to do this together. We do all the sports as you know but this is a good inside activity. My grandfather showed me when I was around her age and that is the reason I was buying stocks back when I was in college.
Kids, stay in school.... take drama, history, math....
I do not recommend stocks...
"Investing" in sound companies can not be compared to gambling (which in many states is illegal).
Since you have come back to ihub, you have done nothing but bash every board you have/had stocks in.
Do NOT compare your trading mistakes to that of young people saving for their future.
I don't think I have been burned at all.
I still think kids/teens should stay away from the stock market and gambling.
Its addictive.
Do you have any kids Talon?
I must disagree with you on this topic. I feel I would have faired off better in my adult life if I were taught finance in my earlier years than say algebra.
How often do most adults use algebra in their adult years?
Now ask yourself this how important is it for us to know about investing in our adult years?
Many people here would most likely not be bagholders if they had an Investing 101 class during their youth! IMO
Talon, it's quite apparent that you've been burned.
I would NEVER suggest that a child invest in POS penny stocks. However, there's a lot of long term good stocks out there.
Also, whenever anyone posts a POS pump, I remove it from the board.
Good, mine will stay far away from the stock market and casino's.
teens don't want to play in any sand boxes!
and mine play piano, soccer, sing in chorus and still invest!
Let kids play in the sandbox, maybe they want nothing to do with stocks. Maybe they wanna be a musician. or a painter.
there is an MMA game coming out soon also!
They get girlie stuff like Hillary Duff, Harry potter...kids games!
no bloody violent action games!
Tina, of course school comes first, they must learn about some balance and self-discipline. Do you let them play any games or do you screen them? And for boys it might be different since they tend to like the more violent games...
oh cosmo!
That depends on the child and parent! My girl's have Game Cube but are limited in the amount of time they can play with it!
School comes first!
Tina, what age do you think kids are old enough to purchase an Xbox 360 (or other gaming system) for them?
you could probably set up a joint account but need her personal information such as social security number.
Or you could buy her a start up kit (comes with a monetary gift certificate) and she could set it up on line herself. I bought these for my neices and nephews.
I meant more along the lines of how do you buy for another person period including kids. Like how can I buy for my sister who isn't a minor. But now that you mention it - I guess buying for your own children is easier than another adult.
Key, you posted the same thing months ago! At least you're consistent :)
Posted by: keynesian
In reply to: None Date:11/14/2006 8:17:47 PM
Post #135 of 277
I think children are too young to be introduced to stocks, let kids be kids.
Not sure I understand the question.
Do you mean how a minor can buy under an adult's name?
If so, an adult can set up a custodial account on line for a minor.
Yes, they are. It's called a "custodial" account.
and it's never too early to teach children to save and be responsible.
Stocks are not for kids, they are not legally able to buy or sell em anyways.
Let kids play in the sandbox.
Basics - How to buy in another person's name? I assume you must phone or email a broker?
good job!
we like borders too
wasn't sure if you had one there or not
Been to both ! Borders is our fav. We own a couple of kids books about money.
there's a whole bunch of cute books about saving and investing for kids your daughter's age. Take her on a trip to Barnes and Nobel or the public library!
Yeah, she doesn't fully get it yet, but she does understand that a dividend check is actual money. You need to keep things simple for kids.
For example, one day we went to our safety deposit box and going to the back we passed by the vault with the door open but cage door closed. I pointed in and said that's where they store your money when you bring it here. They keep it safe.
I tried to explain one day that the bank pays you to store your money because the bank wants it so they can lend it to someone else who pays them interest. She got this confused look so I stopped right there ! LOL.
I read a great story about the Bank of Dad one day, but don't remember where. This Dad "payed" very high interest to get his kids to understand savings.
great deal ew!
just wait until she's a little older and you can teach her to pick her own stocks!
my kids love it!
other stocks I like for kids:
ZUMZ
JSDA
JPM
A couple of years ago, I bought 100 shares of Chase Bank at about 20 bucks a share for my daughter. She is 10 now, and has a bank account at Chase with some of her allowance and gift money, like $100 or so. Whenever we go to the back, I tell her she owns part of the bank.
Once a quarter, she receives a dividend check (UGMA) of about $35 and we go to the bank and put it into her UGMA account.
I explain that Chase makes money as a business, and since she owns a small piece of the bank they pay her a little bit.
do you have kids?
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.
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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
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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.
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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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