Stock Picks for Kids: What Our Community Thinks
If you have any stories to share about learning to invest as a child or about teaching your children to invest, please share them as a comment below.
Talking about stocks with kids may seem daunting, but it doesn't have to be difficult. A few months ago, Fool analyst Jason Moser started talking about investing with his two young daughters. Together, they decided to buy shares of Starbucks (NAS: SBUX) . Now Jason is looking for new stock ideas for his daughters. Here's what our Twitter community suggested:
If you're interested in talking stocks with your kids, here are a few tips.
Find the stocks that they're excited about
If you're building a portfolio with a young Fool, don't focus on the stocks that you're interested in. Find the companies your kid wants to talk about -- it might be the latest Pixar movie, a favorite restaurant, or a new toy that gets his or her attention. Although this will vary with age, these stocks should be easy-to-understand, consumer-facing businesses. Keep it simple!
Invest to become business owners
In order to keep young investors interested in your shared stock portfolio, reinforce the idea that they're buying pieces of the business. In Jason's case, every time his family stops by a Starbucks, his daughters are excited to visit and talk about the company they now partially own.
Don't buy a few shares of a company and move on. Encourage frequent dialogue with your child about the company. Talk about new product launches or major events. And keep looking for new investments together, similar to how you would make regular contributions to your personal portfolio.
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The article Stock Picks for Kids: What Our Community Thinks originally appeared on Fool.com.Katrina owns shares of Apple and Starbucks, while Jason owns shares of Amazon.com and Starbucks. You can follow them on Twitter@KatrinaChanand@TMFJMo, respectively.The Motley Fool owns shares of Amazon.com, Apple, Disney, Starbucks, and Google.Motley Fool newsletter serviceshave recommended buying shares of Amazon.com, Walt Disney, Starbucks, Apple, and Google, as well as creating a bull call spread position in Apple and writing covered calls on Starbucks. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.
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