Welcome to RIDO Investment Ideas TV, the new home for neophyte entrepreneurs and small business owners. We are a full time television network with programs featuring investment ideas, investment advice and entrepreneur success stories. RIDO Investment Ideas is dedicated to the success of entrepreneurs and small business, because that is who we are.


What teens should know about investing

Prepare your teens for financial maturity and growth by training them in money management techniques that can lead to future growth.

It may seem that parents have all they can do to prepare their teens for high school graduation by teaching them to follow a budget and manage a checking account. But more remains to be done. Kids today need to learn about long-term investment strategies to help them plan a secure future. With the instability of social security and the collapse of many pension plans, today's teens can benefit from investment training that will help to provide long-term savings and dividends.

1. Parents should lead the way. If you don't know much about investing, now is the time to learn. More families than ever before currently own shares in some kind of stock or mutual fund. Start in a small way by purchasing a few shares of stock in a company that you patronize. This could be Target, Coca-Cola, or Hoover, for example. You can set up an online account or contact a brokerage firm for help in getting started. Invite your teen to observe or help while you make the necessary arrangements. In fact, this might be a good time for your son or daughter to purchase some of his or her favorite stock as well.

2. Take an investment class. Many churches, community colleges, and high schools offer training in this area. Get in touch with some of these local institutions in your area to find out when training will be available. If nothing is on the horizon, ask your library, high school, or nearest civic group to sponsor a speaker who can come and talk about investing strategies. Take your teenager along.

3. Visit online sites. Browse Websites like Etrade to learn more about how the process works. Click on the links with your son or daughter and discuss the various options. You may want to offer a small amount, say $50 to $100, as an introductory "lesson" on investment. After learning the basics, open an account and get started. This hands-on approach will teach both of you volumes about online trading.

4. Go through a financial investment workbook together. You can get one at the bookstore that appears readable and easy to understand. Then practice "paper trades" by following trends and dealing with rolling stock, stock splits, and so on to see if you can increase your holdings theoretically before actually putting money on the line.

5. Visit a stockbroker or brokerage firm with your teen. Meet with an agent to go over the most important principles of buying and trading company shares. For example, it is important to realize that you have to stay in for the long run. Those who panic when the market is in a bear mode may lose everything. But those who hang in there may realize great gains during a bull season.

Investing in the stock market is a little bit like gambling. The thrill of potential loss offsets the boredom of waiting for long-term returns. Get involved while your child is still young, and when he or she becomes a teenager, the two of you can share some meaningful time exploring this pastime together.

From Essortment