Grandchildren and Investing

MALIKIA GABAY on

My grandchildren heard (and maybe watched) CNBC with me, so they began to understand some broad concepts. For example when the Dow went down my grandson said " Nana we are losing money, but don't worry it (DOW) will come backup.

Subsequently He attended one of the BI conferences, and told me he understood "P/E ratios.

We have a family club and meet every month at a different house. Seven children are involved. Their names are listed as uniform gift to minors with the parent as custodian. We haventhem take attendance, give out the reports and ask their advise on stocks that they use or are familiar with. One even did a report on a stock. The youngsters can see their value increase. Most important they will learn a lesson that saving consistently even in small amounts can increase your wealth.

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From: Jeanne Tieken
Sent: ‎Sunday‎, ‎October‎ ‎26‎, ‎2014 ‎1‎:‎45‎ ‎PM
To: The Club Cafe

Have them watch a TV episode of "The Profit." I learned more about how to grow a business there than anything I've ever read.

On Sun, Oct 26, 2014 at 12:39 PM, Marty Eckerle <bmeckerle@comcast.net> wrote:

Take them to investment club meetings. A great first financial education
book was written by Jackie Koski, "Money Letters 2 my Daughter" available at
Amazon. Boys might say 'no way' but if they can get past the pink :) the
info contained is valuable to all, even adults. (BTW, I have no financial
interest recommending this book.)

Enroll one in BetterInvesting. Let them share the magazine and the now free
webinar classes.

-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Candice
N. McKnight-Bell via bivio.com

Sent: Sunday, October 26, 2014 12:57 PM
To: club_cafe@bivio.com
Subject: [club_cafe] Grandchildren and Investing

Any insights on how to begin educating my grandchildren
(8-16 yrs) on stock
investing? Thoughts and tips on methods of how to set up the purchases for
them. I invest through Scottrade.

Bob Mann on

Begin the education by asking them what kids their age are buying, wearing, using. Then you can relate these products that they understand to the stocks. Show them how you evaluate stocks for purchase/sale. Talk in their presence, not necessarily at or to them, about investing so they become comfortable hearing about it and aren't afraid to talk about it. Tell them you want to buy them some stock and want their help in choosing it. Don't be afraid to buy a small amount of something that you think isn't good but they really like the primary product because that can be an important lesson too.

I'm still working on my adult children and hoping I do a better job of providing a financial education to future grand children than I did to my children.

Bob Mann

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