Financials Matter

"It's Not Just About Finance"

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/

 

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Wisdom for Your Kids From Tik Tok

 

 

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