MY 16 yo wants to learn more about the stock market

[Quiver0f10]

any good web sites he can use? ( Google pulled up too many choices) I'd love one of those sites when he can do mock trades.

Thanks!

[Julpost]

http://investmama.blogspot.com/

It has some info that I've discovered on my own journey-I just started a few weeks ago and LOVE it! I don't think I put the link on the blog where I have a few mock exchanges happening. In case I didn't, here it is:

vse.marketwatch.com

I've also been reading kids books on investing, which is a great place to start. It's not intimidating and gets you used to the basic terms before moving on. I would recommend The Young Persons Guide to Investing (I think that's the title-I can't find the book and I've got a squirmy baby on my lap so I can't go on a search right now)-I hope that's helpful!

Good luck!

[8FillTheHeart]

I highly recommend the Stock Market Game. It only costs $10 to play. They are given $100,000 of virtual money to invest and it gives up-to-date realistic gains and losses every 24 hours.

http://www.smg2000.org/

[Quiver0f10]

Thanks! We have been playing around with the vse one. He said it looks interesting.

[readwithem]

Another vote for the Stock Market game. Also I would see whether you can get copies of the Wall Street Journal (some parts are available online) and have him monitor a set of stocks (WM would probably be a good choice! :) for a period of time. This is a very interesting time to be watching the stock market :)

[Quiver0f10]

I like the looks of the Stock Market Game, but we didn't want to pay yet. Once we gets usd to the free one we might try that. Getting the WSJ is an excellent idea, as is tracking WM stock :D

[PrairieAir]

Sometimes it can be very fast-paced and a little confusing, but if you hang in there a few days to get used to it, Jim Cramer gives some really great advice. He makes it much more interesting and exciting than some of the other shows. The lightning round is the most confusing for me since he's just answering callers' questions as quickly as possible. Most of the show he does a very thorough explanation of why he likes some stocks and not others and how he makes his picks. He also gives great literary and historical references and vocabulary words--good stuff for a high schooler or anyone else:) Really, he is one of the few I can stand to listen to. I'm thinking about getting his books because I've really enjoyed his show.

You just don't know how much of an endorsement this is. I am supposed to be learning this stuff, but I am dragging my heels and kicking and screaming all the way. Many of the books and shows are both overwhelming (sometimes I think I'll never get it) and mind numbingly BORING. I find Cramer interesting and very easy to understand.

I also like a couple of the Kyosaki books, but he's a little redundant and he doesn't really get into specifics of how to do things much, particularly regarding the stock market. There are groups all over the country that meet regularly to play his board games (there's an adult and a kid version) which is nice because they are pretty danged expensive games. I think it's free to go to the meetings and play. I haven't played them yet, though. I'd recommend Rich Dad, Poor Dad and Retire Young, Retire Rich of the four books of his I've read. The libraries around here carry his books.

[Tina]

I'm reading that second Kyosaki book. He also co-authored a book with Donald Trump that's very interesting--Why We Want You to be Rich. Talks about there being no middle class in the future, hence you want to be on the rich side.

There are also some online lessons and such for schools Kyosaki has out there at http://richkidsmartkid.com/.

Nice to hear that someone else is trying to learn all this stuff. :)

[FloridaLisa]

Hey Jean,

Here's a website that I had in my favorites when my 16-yo began asking about current economics, the stock market and the like.

HTH,
Lisa

http://www.investopedia.com/articles/04/051904.asp

[Quiver0f10]

Thanks for the links and book recommendations. We will be busy :)