The Thrill of Victory
This sports metaphor applies equally well to investing.
and The Agony of Defeat
For many investors, the thrill of rising stock prices is unequalled. The same people suffer the agony of falling stock prices more than most.
The key to any successful investment strategy is:
This may be a little much for kids but this is a lesson they need before they become adults and learn it the hard way.
- Identifying your risk tolerance
- Setting your objectives
- Mapping your strategy
- Implementing and following your plan
Teaching investing is one of the few aspects of financial education that seems well suited for the classroom. It's an area that requires a great deal of knowledge. Be sure to check out the Teachers area for lesson plans and other activities. Experience can come through simulation games and limited investing.
And don't forget, there are more ways to invest than just stocks. Donald Trump avoids the stock market and prefers real estate and cash. Here's an excerpt from his September 22, 2010 Wolf Blitzer interview on CNN's Situation Room:
Kids' Money, thousands of other parents, journalists, experts and websites are here to help.
- BLITZER: Is that the safest investment right now just to keep your money in cash?
TRUMP: Well, who knows? I mean, then you see the stock market goes up. You know, it's sort of funny. I'm not a big stock market player. I don't believe in it too much, because I see this too much shenanigans going on, right?
TRUMP: But every time I see it goes up, I sort of like, oh, gee, I should be in the market, but then a very smart friend of mine said, did you feel so stupid when the stock market dropped 50 or 60 percent and you didn't have stock? So, you feel pretty good about that.
Take a minute to check out our Investing resources for Parents.
Send your kids to the Kids area for some hands-on learning.
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Enjoy the adventure of teaching your kids about money!
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Here's what you need to help your kids develop their Investing skills:
Q & A
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Online games and exercises to help your kids learn to Invest responsibly.
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Tools that can make the task more interesting and also give you convenient access to other valuable learning aids.
Books and workbooks that help you learn about investing and develop productive Investing skills.
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