thoughts for investing with a 14yo

The_Doc

Why not discuss the various asset classes that exist and ask him to choose a fund from each? Then he will see how different asset classes perform and their correlation.

Viking_mfw

I think it's a great idea and wish my parents had known enough to do the same with me. I'm investing for our 5 month old but when he gets to 14 I'll certainly be following your example.

Murphy_The_Cat

Viking_mfw wrote: »

I think it's a great idea and wish my parents had known enough to do the same with me. I'm investing for our 5 month old but when he gets to 14 I'll certainly be following your example.

Its a subject that I can't pretend that i know enough about
Hopefully, there'll be a large element of Dad later years learning going on as well.

Lokolo

The_Doc wrote: »

Why not discuss the various asset classes that exist and ask him to choose a fund from each? Then he will see how different asset classes perform and their correlation.

Different asset classes and risk pyramid would be a good start

https://www.investopedia.com/articles/basics/03/050203.asp

I don't particularly like the pyramid on that site but something similar could be mocked up.

Better image on google images

https://www.zeninvestor.org/wp-content/uploads/2015/04/risk-pyramid.jpg

Also go over the different IMA Sectors

http://www.morningstar.co.uk/uk/glossary/98380/ima-sectors.aspx

Have a think about what sort of risks are involved in each one. (currency, large cap small cap etc.)