Hatrack River Forum: Stock Market

This is topic Stock Market in forum Books, Films, Food and Culture at Hatrack River Forum.

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Posted by Farmgirl (Member # 5567) on :

Do any of you guys have links to good sites to teach young people about the stock market -- I mean like how to invest, places to begin with small-cost stocks, etc.

My middle son has suddenly taken an interest in using his meager bank account to purchase a share or two here or there.

I know absolutely nothing about the stock market, and although I work with a bank, I hate to ask the trust/investment people here because they are busy with people that have real big money....

Farmgirl

Posted by katharina (Member # 827) on :

www.motleyfool.com

Posted by TMedina (Member # 6649) on :

I'd suggest asking one of the friendlier, possibly family people - as you say, it is their craft and are probably going to be more receptive to the idea of someone's child taking an interest in the stock market.

Provided, of course, they don't think you're trying to pump them for free tips. [Big Grin]

-Trevor

Posted by Dagonee (Member # 5818) on :

I'd check out the Motley Fool books.

Their site is pretty good, too, at www.fool.com.

But it's easier to start with a book.

Dagonee
Edit: Curse! Foiled again!

[ August 24, 2004, 05:15 PM: Message edited by: Dagonee ]

Posted by eslaine (Member # 5433) on :

Awww!

Jon Boy's Hatrack Stock Market thread seems to be missing.

Shucks.

Posted by Farmgirl (Member # 5567) on :

Oh - duh. We have a link to MotleyFool from our internal bank website...

However I will have to browse around it a bit to see if there is "beginner" information...

Farmgirl

Posted by Dan_raven (Member # 3383) on :

Play a game we did in High School.

Give him $1000 imaginary dollars and have him invest in stocks. Then see how much he has at the end of 6 months.

All the fun of playing the stock market, with out the risk (or rewards).

Posted by Dagonee (Member # 5818) on :

Make sure he takes brokerage fees and capital gains tax into account if you do the game. They impact long-term earnings significantly.

Dagonee

Posted by Beren One Hand (Member # 3403) on :

I think virtual stock exchange games (similar to fantasy leagues) are the best ways to learn.

Here's one I found:

http://game.marketwatch.com/Home/default.asp

I look forward to the day when your son runs into room screaming: "Wow, people bought those tech stocks at THAT kind of p/e ratio? What the @&%!@ were they thinking?"

Posted by Farmgirl (Member # 5567) on :

Thanks Beren.

Actually, we have already kinda done the game where we pick "stocks" from the newspaper index listing, then follow them over a period of time and graph their increases/declines. I think that is what made him interested.

(but no, we didn't figure capital gains or anything)

Farmgirl

Posted by Dagonee (Member # 5818) on :

It's important because it helps discourage market timing, and that's what needs to be learned early.

Dagonee

Posted by Beren One Hand (Member # 3403) on :

Yes, teach the kid about the evils of capital gains tax so he will turn Republican early. [Razz]

Posted by fugu13 (Member # 2859) on :

While I give the republicans credit for cutting the capital gains tax, I know which republicans I'm giving the most credit to, the ones in the Senate.

And I maintain my general opposition to political parties as a means of determining voting choices.

Posted by Dagonee (Member # 5818) on :

Sheesh. Can't even give good financial advice without someone using the R word. [Razz]