Author Topic: I am giving my oldest $1,000.00 in a brokers account  (Read 3342 times)

DroppingPlates

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Re: I am giving my oldest $1,000.00 in a brokers account
« Reply #25 on: February 17, 2014, 03:47:26 PM »
Drop a zero on both figures and we're golden ;D

Why does the virtual account size matter?
$1000 is good for forex or options trading (not that I would recomment this to a 11 year old), but a joke when she's limited to stocks/funds. You can't diversify a portfolio with that money.

The Abdominal Snoman

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Re: I am giving my oldest $1,000.00 in a brokers account
« Reply #26 on: February 17, 2014, 04:05:42 PM »
Then for his 12th birthday you can get him a piano so he can re-write Beethoven's 9th...

Tedim

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Re: I am giving my oldest $1,000.00 in a brokers account
« Reply #27 on: February 17, 2014, 04:22:29 PM »
Then for his 12th birthday you can get him a piano so he can re-write Beethoven's 9th...

Guitar...so she can outplay Santana

pissant

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Re: I am giving my oldest $1,000.00 in a brokers account
« Reply #28 on: February 17, 2014, 05:06:17 PM »
giving a kid a 1000 dollar to let them learn to invest is like giving a kid a playstation to try to get them to program.

They dont have the tools or investment literacy to even make proper decisions.

Novena

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Re: I am giving my oldest $1,000.00 in a brokers account
« Reply #29 on: February 18, 2014, 12:46:44 AM »
for trading and learning the markets.....11 years old, should be interesting. Will update on trades and outcome. Will have me to answer questions, but picking the investment vehicle and deciding when to sell etc all on the kid.

Fidelity Magellan mutual fund.  Make him/her drop his small change/summer job earning into it.  It will almost certainly outgain in a decade what can be had by active individual trading.