1. What is the ideal age to introduce teens to investing?

1. What is the ideal age to introduce teens to investing?

As soon as the kid starts to understand /that he can ask parents to buy him/her ice cream in short as early as possible.
2. How does one initiate a teen or pre teen into investing? What are the steps leading up to this?

When parents are them selves taking care of budgeting, planning & investment kids follows & starts understanding money .

1.Start giving them pocket money, small amount of money to be handled by them at very tender age of 6 or 7 also.
2.Take them along with you for grocery shopping Or it could be their items also.
You can give them money to count or read the price tag of the item to be purchase show them comparison between two brands/quality/price etc, while you take them along in grocery shopping or departmental store,they will start to understand value of the money & items of comparison.Let them count & pay money at the counter.

Once you know that it’s time they can be involve willingly

3. Make a family vision statement & involve kids also in goal setting, Ask their opinion or about their goals it could be buying bicycle or any toys encourage them to set goals, encourage them that they can buy with their pocket money by saving some amount from their pocket money.
4 Help them prioritise their goals.By giving examples or best is setting your own example. eg. If they want to buy say a bicycle with gears,ask them to find out cost then encourage them to buy it from their own saved, invested money.
5. Teach them with stories of compounding etc & with piggy banks then Open their own bank account with joint holding and limited withdrawal.

3. How should one introduce a teen to investing? How should they be taught about markets and investments?


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Encourage the set a goal for anything even for buying bicycle or a laptop by encouraging to help parents and pay them for some house hold work ,helping parents etc ask them to deposit money in bank account.Talk about interest rate how if a money is kept in bank it earns intrest. Talk about inflation.Talk about different asset classes like mutual funds, stocks & he/she can grow their money investing in it.
Make it interesting through games like monopoly etc.with stories like Peasant & the King who made reward payment in rice grain on chess square.

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