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Robert A. Imparato, Jr CFP®
CERTIFIED FINANCIAL PLANNER™ professional
Craig A. Hyldahl CFP®
CERTIFIED FINANCIAL PLANNER™ professional
R.I.C.H. Planning Group, LLC
105 Fieldcrest Avenue, Suite #507
Edison, NJ 08837
Robert: 732-326-5240
Craig: 732-326-5240
Fax: 732-326-5331
Robert: robert@richplanninggroup.com
Craig: craig@richplanninggroup.com
Website: www.richplanninggroup.com
A surprising number of teens are fascinated with the world of investing. Why not? It’s an exciting and engaging way to earn money. And who better than you to help your kids to learn about finance?
Company financials—Have them research the revenue, earnings, and profit margins of a couple of companies they’ve chosen.
Management—Look at the company’s vision. Is it strong? Who’s in charge, and what’s their track record?
Rivals—Stake out the competition. How does the company compare?
Trends—Stress the importance of checking trends in the company’s industry and weigh how the company is positioned to take advantage.
Risk—Your child needs to understand that all investments have some risk. They need to know there is always a chance of losing money and that market volatility in response to events outside an investor’s control may lead to substantial losses.
Reassure your teen that investments remain a smart financial avenue for teens despite the risks. Your teen may reduce risk and increase potential returns by consciously choosing investments with growth potential and using sound techniques such as asset allocation and diversification. Be sure to explain these important strategies to your teen and that using them cannot guarantee against an investment loss.
The strategy you and your teen work out should start small. When first investing, your teen—or any investor—should invest only what they can afford to lose. Investing small amounts in a few different vehicles can let your teen learn the markets and get comfortable with investing without taking undue risk and potentially suffering significant losses.
Once the strategy is in place, the teen needs to stick with it. As they gain experience and confidence, they can gradually increase stock investments.
Finish your investment tutorial with this caveat: Investing is a long-term process that requires patience. Checking investments too often can get an investor caught up in short-term dips. Your teen needs to concentrate on the potential for long-term growth and avoid emotional selling or buying during momentary blips in the markets.
Remember to teach them about the need to work with financial, legal and tax professionals.
GE-6175675.1(12/23)(Exp.12/25)
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Securities offered through Equitable Advisors, LLC (NY,NY (212) 314-4600), member FINRA,SIPC (Equitable Financial Advisors in MI & TN). Investment advisory products and services offered through Equitable Advisors, LLC, an SEC-registered investment advisor. Annuity and insurance products offered through Equitable Network, LLC, which conducts business in California as Equitable Network Insurance Agency of California, LLC; in Utah as Equitable Network Insurance Agency of Utah, LLC; and in PR as Equitable Network of Puerto Rico, Inc. Equitable Advisors and Equitable Network are affiliated companies and do not provide tax or legal advice.
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GE-4833845.1 (7/22)(Exp. 7/24)
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