Do a simulation portfolio first of $100,000. Your son picks 10 companies to study, invest, and follow the portfolio performance. When making a simulation purchase, use the actual market price at the time of the decision to buy or sell. What he will learn is that frequent buying and selling will generate a loss. Long term investing should be the lesson learned. Best Wishes!
EVERGREEN13 t1_j22q7tx wrote
Reply to My 13 year old wants to invest by softballmom2014
Do a simulation portfolio first of $100,000. Your son picks 10 companies to study, invest, and follow the portfolio performance. When making a simulation purchase, use the actual market price at the time of the decision to buy or sell. What he will learn is that frequent buying and selling will generate a loss. Long term investing should be the lesson learned. Best Wishes!