Welcome, Guest

Author Topic: Investing w/ Children  (Read 1102 times)

Offline KONASDAD

  • Super Bee
  • *****
  • Posts: 2011
  • Gender: Male
Investing w/ Children
« on: January 07, 2009, 02:23:04 PM »
As a family project, we have decided to pool some money, create an investors club for the financial and educational benefit of my nephews. The goal is to teach them how the market works, learn to save and invest for college-and of course make some money for their futures. The start-up will consist of 5K. Although not required, the investing will likely take place through the stock market...

There are a lot of people on this site that i am sure can offer their opinions as to how to make this work for the best. I obviously have ideas, but would like your collective input.
"The more complex the Mind, the Greater the need for the simplicity of Play".

Offline Greg Peck

  • House Bee
  • **
  • Posts: 388
  • Gender: Male
    • GregsBees.com
Re: Investing w/ Children
« Reply #1 on: January 07, 2009, 03:35:55 PM »
What kind of time frame?
"Your fire arms are useless against them" - Chris Farley in Tommy Boy
Semper Fi
www.gregsbees.com www.secondfast.com/gregsworkshop/ www.secondfast.com/bees

Offline kathyp

  • Universal Bee
  • *******
  • Posts: 16141
  • Gender: Female
Re: Investing w/ Children
« Reply #2 on: January 07, 2009, 06:05:50 PM »
if there is time, i would have them create a fantasy portfolio.  they can take a month and track stocks to see what is going up and what is going down.  with 5k i'd think a fund would be a better investment than individual stock.
One could not learn history from architecture any more than one could learn it from books. Statues, inscriptions, memorial stones, the names of streets ? anything that might throw light upon the past had been systematically altered. (1.8.85)

George Orwell  "1984"

Offline KONASDAD

  • Super Bee
  • *****
  • Posts: 2011
  • Gender: Male
Re: Investing w/ Children
« Reply #3 on: January 07, 2009, 07:49:25 PM »
What kind of time frame?

The oldest is six atm.
if there is time, i would have them create a fantasy portfolio.  they can take a month and track stocks to see what is going up and what is going down.  with 5k i'd think a fund would be a better investment than individual stock.
I like fantasy portfolio idea. I understand your fund idea, but was thinking that individual stocks, although riskier, would teach them more,  but a fantsy portfolio is good idea. 
"The more complex the Mind, the Greater the need for the simplicity of Play".

Offline TimV

  • House Bee
  • **
  • Posts: 55
  • Gender: Male
Re: Investing w/ Children
« Reply #4 on: January 07, 2009, 11:34:22 PM »
I had my 3 oldest sons buy gold coins. I took money out of their savings and bought a couple Krugerrands each, and I bought them at 280.00, and explained the concept of fiat currency. They didn't much like it at the time, but when the coins went up to 900 they thought Dad wasn't so old fashioned as they'd thought.