Are you looking for a fun and simple way to introduce your children to the world of investing? CNBC’s Jim Cramer has some great advice on how to get kids excited about stocks and start them on the path to financial success.
Cramer suggests that parents start by explaining the basic principle of investing: a company can be owned by the public, and you can own a share in that company. To make it more engaging for kids, he recommends buying shares in companies that they might recognize from their everyday lives. Whether it’s a toy company like Mattel, a cereal brand like General Mills, or a personal hygiene company like Johnson & Johnson, investing in familiar brands can make the concept of owning stocks more tangible for children.
But it’s not just about buying shares and forgetting about them. Cramer advises parents to wait and watch what happens with the stocks they’ve purchased with their children. While not every investment will be a success, choosing companies that have stood the test of time and resonate with your family can set the stage for a lifetime of financial education and success.
At Extreme Investor Network, we believe that teaching children about money and investing is crucial for their future financial well-being. Investing in stocks can be a fun and educational experience for kids, helping them develop important money management skills early on. By following Jim Cramer’s advice and starting your children on this investing journey, you can set them up for a lifetime of financial success.
If you’re interested in learning more about investing and following Jim Cramer’s insights, be sure to sign up for the CNBC Investing Club. And remember, the CNBC Investing Club Charitable Trust holds shares of Johnson & Johnson, so you can trust that you’re learning from the best in the business.
Ready to get your kids excited about investing? Start by introducing them to the world of stocks with familiar companies they know and love. Who knows, you might just be sparking a passion for investing that will last a lifetime.