Stock of the Day
Out of context: Reply #281
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- DaveO5
Responding to @_niko – i don't think we need to become hedge fund managers but what I have realised in recent years is that we need to teach our kids to invest, get familiar with the markets and do it EARLY. I've only just started paying attention to it and MY GOD i wish someone had sat me down in my 20s and told me what to do. Obviously technology and retail investing is way more accessible now, but still....
Even just a few investments in passive index funds can earn money on the daily in a strong market, and i'm damn's sure I'll be having the conversation with my boys when they're old enough.
So I don't think the artist, the craftsman, the farmer, the soldier need to turn into day traders YOLOing stimmy checks into meme stonks for tendies, but I do think that a bit of literacy will take you a long way. Hoping so for my kids anyway!
- Don't regret, dude. Many people sat me down in my 20s and told me exactly what to do and I didn't because I was in my 20s. Young dudes think they know everythinnb
- I'm glad someone told me! Intro'd me to vanguard last year and I started in some ETFs with an inheritance check – not much but off to the races!DaveO
- Yeah there's that stuff but in my early 20s I was barely surviving, living on credit, was relatively poor. Saving was out of the question. Low wages are tough.nb
- I've been buying small steady shares on behalf of my kids since their birth. National Grid, HSBC and Rothchild funds. Compound interest is the true force.Hayzilla
- My dad has always been a 'day trader' and did the same for me but I couldn't give a fuck until in my 30's.Hayzilla
- Agree Dave0 I had a talk with my kids recently, I started investing again this year more seriously after a decade or so off, but I told them It might be too_niko
- late for me but what little investing I'm doing now will be all theirs one day, I said imagine if your grandfather had bought apple in the 80's even 1k worth_niko
- I'm going to let them research a company and buy a few shares for them and let them follow it. They've already realised investing in sneakers is a waste lol_niko
- You guys are totally right, I can't be grateful enough to my dad for starting me with investments in my teens. To me it makes working that much more enjoyablezarkonite
- because retirement money mostly comes from other sources so I've been able to really focus on doing what I want regardless of pay.zarkonite
- I had fuck all when I was in my early 20s too BUT when i did start to save money I can imagine I'd have been thrilled that it was working for ME.DaveO
- TBH, It was unapproachable for me until robinhood came out. Trading stocks always came with fees and brokers and shit only grown ups in suits can understandscarabin