Everyone goes shopping. We buy shoes, clothes, food, electronics, cars, and houses. We need most of these items to survive. But it’s rare for any item we purchase to go up in value. Most kids remain consumers throughout childhood and adolescence. They don’t realize they can be more than just consumers. They can own a piece of their favourite business, and it’s all done through stocks!
We know that not every kid is ready to enter the stock market and become investment gurus. That’s where our Camp Millionaire program can help! You can sign up your child for our FREE demo session, taking place from June 26-28. During these demo sessions, kids will learn leadership and investment skills that will benefit them throughout their lives. Find out more by visiting the link below:
https://explorerhop.com/pages/demo-session
Simple Stocks
Stocks might seem confusing and not very kid-friendly, but in essence they are simple. When a company needs extra money to build their products and services, they will issue a stock to the public. The better a company is doing, the more valuable their stock becomes.
Don’t get confused with stocks and shares. Stocks are divided into millions of shares so lots of people can own a piece of a company. To invest in a company’s stock, you have to buy shares. Shares entitle you to a portion of the profits a company earns. The more shares your child owns in a successful company, the more money they make!
At Explorer Hop we know how to make stocks fun for kids! We know investing is the last idea on a kid’s mind, but our award winning Global Investment Challenge program makes kids all over the world take interest in finance! Our fun investment game allows kids to learn essential financial literacy skills why competing against each other in a fun atmosphere!
To learn more visit: https://explorerhop.com/pages/global-investment-challenge
How Do I Get My Kids To Have Fun Investing At Home?
A good way to encourage your child to take their first step in investing is to buy them a stock in one of their favourite companies. Skip the new iPhone for Christmas and buy them some shares in Apple instead!
While buying a stock in a company your child finds interesting is a good introduction to the stock market, you do have other options.
Invest For The Future
You don’t want your child to pick stocks in an attempt to “get rich quick.” Without the proper financial foundation, they will end up losing money. You want to teach your child good investing habits to keep their savings growing and earn them money over time.
Set them up with shares in an index fund instead. An index fund is a group of stocks from different companies. Because they don’t have all their eggs in one basket, their investment will grow and their savings will be more secure!
Investing in multiple stocks is a great way for kids to start saving for their future. As we mentioned, most kids and teens will not invest in stocks until they’re well into adulthood. But successful investing is time sensitive. The earlier kids start, the more money they’ll make. At Explorer Hop, we want to get kids and teens involved in investing by making finance fun! We believe everyone has the potential to be an entrepreneur, and more importantly, a successful investor. Our award winning Camp Millionaire program has made finance fun for thousands of kids around the world. You can sign up your child for our FREE demo session, taking place from June 26-28. During these demo sessions, kids will learn leadership and investment skills that will benefit them throughout their lives. Find out more by visiting the link below:
https://explorerhop.com/pages/demo-session