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