Inspiring "Teen and Tween" Investors
| HelpRegister |
Inspiring "Teen and Tween" Investors Hi Everyone, A member of a bivio family investment club writes to say they have quite a few "teen and tween" members. They are asking for ideas for keeping these members motivated and interested in the investing activities of the club. Anybody have any ideas or experiences that might be useful for them? Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe Show them the impact of compounding and how great a position of advantage they are in simply due to their time horizon. I know, when this was shown to me by both my parents and my high school economics teacher, it really had a profound impact on me and my willingness to save. Stuart Weissman
Thank you Roy and Stuart. I will pass along your suggestions. Has anyone had any experience with games or contests that might also encourage further participation? Laurie Frederiksen Invest with your friends! www.bivio.com Become our Facebook friend! www.facebook.com/bivio Follow us on twitter! www.twitter.com/bivio Click here to Subscribe to the Club Cafe email list. Click here to Unsubscribe I would send them shopping – at home. Turn them loose and ask them to come back with the names of companies that actually make the stuff they find around the house. They will begin to understand that Crest, Charmin, Cover Girl, Gillette, Pantene and Downey are all PG. Most likely, they will see some Colgate products too. In the kitchen they find the same thing with lots of brands that are General Mills, Kelloggs, Pepsi and Coca Cola. My example may be household goods, but the kids will begin to appreciate how diverse some of these companies can be. Now have them look at two of those same companies as investments and compare; KO or PEP? PG or CL? GIS or K? Not only have they begun to understand the investments, they have begun to see how to study an industry. Mark Eckman I would make it a game. Give them real cash, say, $1K. If they win, they get to keep the portfolio and spend it as they like. The winner is the largest portfolio after a year. Two investment clubs: parents against kids. You could use bivio for this without having to open another account and deal with tax issues and other hassles. If anybody would like to try this, email support. We'll give 50 free, one-year subscriptions to families who belong to an existing bivio investment club. Part of our mission is to support financial literacy. Starting with kids is a great way to do that. Cheers, Rob And Emerson Electric (EMR) makes the garbage disposal and Waste Connections (WCN) stops at their house once/week. They can think about making money on some of those chores, too. (g) Here's a link to an article a few years ago where we pointed out that -- even though most of us are averse to many of these -- the youth apparel stocks like Aeropostale (ARO), American Eagle (AEO) and Abercrombie (ANF) are among the strongest-performing stocks over the last decade. Urban Outfitters (URBN) too. For many of these, developing a buying and SELLING discipline is going to be prudent. (I know ... it's ALWAYS prudent) But armed with a long time horizon, and the young people have the best shot at that ... not even a moon landing for a round of golf is out of the question for them: http://www.manifestinvesting.com/articles/200801cover |
|
||||||