Talking to your Teen Tip #5
Discuss the Entire Range of Investments
Stocks, bonds, mutual funds, real estate. Whew! Sometimes it can feel overwhelming.
Get used to it! Learn to love it! Remember that successes and failures are valuable lessons, and are not to be feared.
The more that you talk about investing choices with your teen, the more comfortable you will both feel about making these choices. What have they learned from their experiences so far? What do they want to keep doing, what have they decided to avoid, and what would they like to try in the future?
Of course your teen’s successes and failures will help him (or her) chart his course. But he should be encouraged to enter new ventures without fear, if he feels a desire to do something new.
He may be saving up his money to support a new business venture. Perhaps he needs a better amplifier for his band? Help him see all sides of the possible investment, and then let him succeed or fail on his own. Later, talk with him about the results.
Help your teen stay interested and engaged by supporting her decisions.
Remember, the more that money is discussed, the more that it is understood.
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"Money Etiquette"
