I recently decided it was time to start teaching the kids about the stock market. Gabriel, 6 & Quentin, 9 are getting basic arithmetic, spelling, and science training in public school and will do well when they are older. The only problem is that I want to make sure they know what to do with their millions or hundreds when they start to make it….
So I Quentin, Gabriel, and I embarked on a four week adventure 🙂
- 3-5 stocks each
- 4 weeks
- Two trades allowed at the halfway point
The money would be split evenly amongst all the stocks chosen (so picking google would skew the number of shares for all of the companies in the portfolio). Of course the kids were all over it and had a blast trying to figure out what stocks to buy. “Hey Dad, how about Honey Bucket?”…. Yes I’m sure they were thinking it was hilarious to buy stock in human waste with the word format P**P….
So Quentin, being 9, went first with some authority….
- Washington Mutual Bank – 12 (both Robin and myself have worked here)
- Google – 12 (this is where the school teachers tell the kids to start on the Internet)
- General Motors – 12 (he liked Chevy for some reason)
- Honda Motor Company – 12 (our family cars are a Honda & an Acura)
- Yum Brands – 12 (Pizza Hut carries some weight I guess)
Gabriel went for it too with some interesting picks…
- Washington Mutual Bank – 53
- Nike – 53 (he wanted both Nike & Hurley… but Nike owns Hurley)
- Safeway – 53 (we shop here a lot)
- Costco – 53 (and spend a lot of money here)
and… myself – I don’t personally own any of these so thought it would be fun to pick them 🙂
- RIM – 10 (almost bought at 35 and now really sore that I missed the jump to over $100)
- Yahoo – 10 (thinking of adding to my own portfolio)
- Cisco – 10 (thinking of adding to my own portfolio)
- Google – 10 (I can’t afford the shares so why not play with them)
- Garmin – 10 (everyone wants a Nav this Christmas)
Well day 1 was interesting….
Gabriel (6 years old) is in the lead with $10,199.28
I’m in a healthy second with $10,197.70
and Quentin is not far behind with $10,165.24
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Delighted to see that you are teaching your children how to trade the stock markets. Do visit my site for free information on how the markets work. There is also a free stock market game which you might find useful to show your children how trades are opened and closed. You can also win prizes and its all free to join.
Of all the stock market games I have tried, Forevex is the best. I’m playing at forevex, because I have options to win real money or prizes for free, and I can invest without any risk, totally free.
Forevex is a stock exchange game where everything is ruled by the fame of the stocks. At forevex quotes athletes, politicians, actors, musicians, brands, etc… And the benefits can be changed for real money and/or prizes as you like.
Check the game: http://www.forevex.com/en/
It might sound weird but the browser I have just can’t show your article rightly… Can you confirm that this article has been set up for Opera? Would be awesome if you could check it out, even though it might come from a bug on my side
Thanks for the post, and I think that it’s pretty smart that they have free stock market games for people to play. Because for people like me who know nothing about the stock market, could try and benefit from it.