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Post by javajoe on Feb 20, 2021 2:02:55 GMT
Tonight while driving my young daughter home from the gym, I learned from her 8 year old friend that was riding with us (they were talking stocks trades) about the ETF ARK Next Generation Internet ETF - ARKW, and how it performed today. Investing is changing and the next generation is starting WAAAAAAAAAAAAAAYYYYYYYYYYYYYYYYYY earlier than we all did/could. I don't know what that means but it's definitely going to be very different.
-JavaJoe
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Post by Deleted on Feb 20, 2021 2:27:27 GMT
i see that too. i have high schooler. i started learning about money and finances at age of 40.
This generation gets information from the internet and reddit etc. and they learn fast.
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Post by steadyeddy on Feb 20, 2021 2:28:05 GMT
The old saying was "if your cab driver is dishing out financial advice on what to buy/sell, just watch out.."
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Post by javajoe on Feb 20, 2021 15:14:00 GMT
The old saying was "if your cab driver is dishing out financial advice on what to buy/sell, just watch out.."
I actually disagree with this Eddy - I think it's different. My daughter has had a Roth IRA since she was 8 or 9 when she started a successful Etsy store, and technology (not just apps/ipads) but also online connected communities with their peers is allowing them to learn from peers much faster than even my generation (mid 40's). The point I think is that they are STARTING, LEARNING, SHARING at a much younger age - think about the rule of 72, etc. Her friend was talking about how much his stocks "were totally crashing this week" - all that investor psychology is great to be learning early I think.
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Post by steadyeddy on Feb 20, 2021 15:19:05 GMT
The old saying was "if your cab driver is dishing out financial advice on what to buy/sell, just watch out.."
I actually disagree with this Eddy - I think it's different. My daughter has had a Roth IRA since she was 8 or 9 when she started a successful Etsy store, and technology (not just apps/ipads) but also online connected communities with their peers is allowing them to learn from peers much faster than even my generation (mid 40's). The point I think is that they are STARTING, LEARNING, SHARING at a much younger age - think about the rule of 72, etc. Her friend was talking about how much his stocks "were totally crashing this week" - all that investor psychology is great to be learning early I think.
Fair enough. There is no doubt social media can move certain investments, but... small investors might get caught up in the frenzy. That is my point. |
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Post by Deleted on Feb 20, 2021 15:25:47 GMT
Even if these kids lose money buying and selling stocks, say couple of thousand, i think learning would be worth it. with free trading and fractional shares it is a game for them. under parent supervision and control.
As a parent i have wasted a lot more money than that on extra circular activities that amounted to nothing.
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