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Motley Fool Answers

3 Tips to Get Your Kids Investing

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 16 September 2015

⏱️ 30 minutes

🧾️ Download transcript

Summary

We offer a few rules of thumb for getting kids excited about investing and explore the options for setting up their brokerage accounts.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Motley Fool Answers. I'm Alison Southwick, joined as always by Robert Brokamp.

0:09.0

Hello.

0:10.0

And this week's special guest is Jason Moser.

0:13.0

I'm so excited to be here. Thanks for having me.

0:15.0

Oh, thanks for being...

0:16.0

Oh, thanks for being...

0:17.0

He is a senior analyst.

0:19.0

We will have him before. We will have you. With

0:21.9

Motley Fool's million dollar portfolio, he is here to help you talk to your kids about

0:26.7

investing because if you don't, they'll learn it on the streets.

0:29.5

And that is exactly the place where you don't want them to learn it.

0:33.6

That's right. We're also going to hear the inspiring story of the world's worst market timer. All that and more on this week's episode of Motleyful Answers.

0:42.3

So I guess I read something on CNBC or I saw an inspiring. I thought it was an inspiring story of the world's worst market timer ever. And this guy's name is Bob, although Bob doesn't really exist.

0:55.0

The hypothetical Bob.

0:56.0

Hypothetical Bob is the creation of Ben Carlson. He was a money manager and an author. And

1:02.0

what Ben did was he created Bob, and Bob had the worst luck. He would always buy and invest

1:09.0

in the market right before it would crash.

1:12.4

It's impeccable timing.

1:13.4

It's impeccably bad timing for getting into the market.

1:17.1

So Bob turned $184,000 over the years.

1:22.2

So we invested in 73, 87, 2000, and 2007 into $1.16 million.

1:31.5

That's horrible.

...

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