If I could talk to 18-year-old me…

A-True-Story-of-a-Father-and-His-Son

Eric Today: Hey Eric!  I want to talk to you about something very important.  It’s something I wish I knew when I was your age.

Young Eric: What’s that?

Eric Today: I want to talk to you about the stock market.

Young Eric: OK.  What’s that?

Eric Today: The stock market is a place where you can invest in real companies and participate in their success. If the company makes a profit, you share in their success.  For example…,in 1975, eight years after you were born, we could have purchased $1000 worth of Walmart.

Young Eric: Really?

Eric Today: Do you know how much that investment would be worth today?

Young Eric: How much?

Eric Today: Close to $10 million.

Young Eric: WHAT?!?!  That’s incredible!!!  How?

Eric Today: It.s called compound interest, and it works wonders over time.  Each year, your money continues to grow from a bigger and bigger amount.

Young Eric: Wow!!!  OK…when can I start investing?

Eric Today: Now!  Save up $500, and then come see me so I can help you get started.

Young Eric: I most definitely will!  Thanks so much for sharing this information!!!

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