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| *The Commerce Journal>>>Investing |
Is it too early for a 16 years old to learn about Mutual Funds and stocks? |
My son is interested about it. I personally have no idea about these subjects. What source of information he should look into? It's never too early! Your children should learn about money as soon as possible (only good will come from it!). Try looking on amazon.com for some investment books for teenagers. Anything by Peter Lynch (Most sucessful mutual fund manager ever) would be great! I actually think he wrote a book for teenagers. Tell your son to start a fantasy stock portfolio too. This will undoubtedly help him in the future to be sucessfull. Also, you as a parent should be supporting this 100% the entire time! Why not try learning with him (it's never too late to start either)? Good for him! No, the sooner the better. He and you will be very glad and should be fun for the both of you to learn and maybe have some contest to make the most in various time frames. A good lighthearted book to begin with is "Investing For Dummies." Then, if he wants more in-depth information, try "Mutual Funds For Dummies" and "Stock Investing For Dummies." They are easy reads. |
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