While it's possible that your child's high school has personal finance or investing class, they won't have the opportunity to take them until their junior or senior year. That's too late. Teaching your child sooner will ensure a greater level of financial sophistication.
Would your financial situation be different today if you had received meaningful instruction in your childhood?
Highlights
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- Share age-appropriate information
- Emphasizes the importance of investing.
- Keep a long-term focus
- Teach the basic information that every investor needs to know ( interest, rate of return on investment, and the basics of the stock market.
- How bonds work.
- The terms (principal, maturity, credit rating, market price, and coupon)
- Other conventional investments CDS, Money market accounts, and mutual funds.
- Getting started with investing together