By Tammy Gagne
The teenager reader is guided in his knowing the parts of constructing a fantastic, good thoughtout dividend inventory procedure. via a variety of examples of process strategies the teenager learns to advance their very own plan.
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Extra resources for A Dividend Stock Strategy for Teens
This dividend stock guide explains the important differences between growth stocks and income stocks. Use it to help create a strategy for buying and managing income stocks that will make your money work for you.
If you had invested $50 monthly instead, you would have more cash available to buy more shares when the price dropped. You would have also lost less money when the stock price fell. Of course, if the price had increased as you expected, then your later purchases would have been made at those higher prices. If you have a part-time job, you may decide to invest in two or three different DSPPs. If you choose companies that have minimum monthly amounts of just $25, these investments would only cost you $75 each month.
In addition to managing her own portfolio, she has taught her teenage son about the details of his investments, enabling him to make some of his own decisions in this area. She believes that young people should know how money works, so their money can work for them instead of vice versa. When young people understand investing and feel in control of their finances, they get excited about money. They also tend to have more of it. indd 48 5/15/13 5:09 PM A TEEN GUIDE TO INVESTING A Dividend Stock Strategy A DIVIDEND STOCK STRATEGY FOR TEENS FOR TEENS Buying stocks can be a risky venture, especially if you are new to the world of investing.