Kids Need Investment Advice Too

Now, more than ever, kids need investment advice.

And I’m not talking about how they need to open up a Robinhood account and start trading with the Reddit Rebels.

However, the growing number of young AND old investors alike – seeking an alternative to Wall Street’s big wire houses – is gaining tremendous momentum.

And that’s a good thing.

It’s also more reason why your kids (and grandkids) need to learn the importance of practicing wise investment principals.

Consider this: most younger people today have their noses constantly buried in their phone or hand-held devices.

And that’s probably not going to change anytime soon.

So, it makes sense that we give them an alternative to Tik-Tok, Instagram, etc., with something they can profit from.

Example:  Have you ever asked a Millennial/GenX/GenZ person about a topic they may not be familiar with?

They instantly open their phones, furiously typing into their favorite search engines, seeking an answer.

This shows they’re highly skilled at research and/or extracting answers from the internet.

But…and this is a Very Big Butt… if they don’t understand how to apply the “extracted answers from the internet” then it’s simply wasted knowledge.

Why They Need Investment Advice

Cue up: the importance of sound investment advice.

Most of us – present company included – learned about investing from the school of hard knocks.

And our naivete usually cost us lots of money at the hands of Wall Street sharks. *

(*Note: the sharks haven’t gone away).

Instead, they’ve become even more sophisticated in separating you from your hard-earned dollars.

And they know that the eventual wealth transfer to the younger generations translates into countless billions in fees, commissions, and a steady flow of money from unsuspecting young investors.

This is precisely why kids need investment advice.

And it’s also why we’re considering running a series of emails with instructions for young investors.

In the meantime, our “Short and Sweet Tips” column this month features a short story: Financial Illiteracy…A Rising Epidemic Among Today’s Youth.

And you can read it (HERE).

So, if you like the idea of a series of posts about investment tips for our next generations, send us an email or respond to this one.

We love hearing from you.

And share this with a friend who has kids.

They’ll thank YOU later.

As Always, We’re Not Just About Finance.

https://www.financialsmatter.com/connecting-the-dots/

****************************

Wisdom for Your Kids From Tik Tok