I Believe That Stocks Are Children’s Future…

If you want to set your children up for the rest of their lives financially, teach them the importance of becoming financially free by pursuing wealth and not just income.

A college degree guarantees you nothing. The value of one will continue to diminish over time as more and more people become college educated.

My daughter asked me on Saturday my opinion on investing in marijuana stocks. She said that her generation, the one that comes after millennials, has widely adopted the use of marijuana.

She got the idea from an 18-year-old classmate who opened an IRA and made Aurora Cannabis (NYSE: ACB) her first purchase.

I told her that the best way I think you should play the trend is to purchase multiple companies, because it’s very difficult to pick the winners.

My daughter and I spent most of our dinner together talking about investing. She would ask questions, and I would answer.

I don’t know what the future holds, but I love the fact that she’s showing a sincere interest.

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

Advertisements

My Christmas Gift!

Screen Shot 2019-02-07 at 6.41.23 AM

Good morning!

I realized I still needed to share about the gift I received from my daughter this past Christmas.

If you follow my blog, you know that I am adamant about introducing your children to investing.  A few years ago, when my daughter was 16, I purchased shares of Facebook (NASDAQ: FB) for her.  I told her to download the TD Ameritrade app so she could check the price any time she wanted.

Once in a blue moon, she would ask me how the stock was doing.  But for the most part, she didn’t bring it up.

For Christmas, she surprised me with $50 to buy shares in home security company ADT (NYSE: ADT).

The reason she chose ADT was that she figured everyone would always want and need to feel secure, so it would be a good investment.

I was very, very happy to know that all of my teaching was sinking in!  I want investing to become a permanent part of her consciousness.  I hope this is a sign that it will.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)