It seems that young people would be better off if they learned the importance of saving and investing for their future rather than rather than blowing all their money on the here and now. A child is very lucky if they have financial guidance from family, but this is most often not the case.
2006-08-27 10:25:12 · 10 answers · asked by JistheRealDeal 5 in Business & Finance ➔ Investing
Yes, you hit the nail in the head, If you do not learn at early age. your chance of getting it is slim, with a lot of trouble later on in life that sidetrack a lot people.
I am lucky enough to learn at early age and one more thing, I used to live under communist rule, so we have to learn to save for ourselvesIt is not that hard to learn. I could do it, anyone can do it too.
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 73,000.00 and 30000.00 in taxble account. by follow simple rule
2006-08-27 17:43:40 · answer #1 · answered by Hoa N 6 · 0⤊ 0⤋
I don't know so much about mandatory but there should be a personal finance elective going back to Junior High, even before high school. What makes it so apparant of a need is seeing all of the questions here from teens wanting to know what kind of jobs they can get. Imagine if there were a class that could help these kids start to plan early for making money, saving money, spending money, etc? Such a class should teach students what its like to be an adult by making them "work" for a day and then go about running a household and understanding taxes, saving, negotiating pricing on items, buying a house, etc.... sorta like the game Monopoly, only more real. If a teacher only reaches one student out of 30 and that kid turns out to be a millionaire by 40, the class will be worthwhile.
2006-08-27 12:03:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, I feel confident in saying that J. Paul Getty or, a more modern example, Bill Gates, didn't study finance or investment while in high school. Studying from books limits you to what is written in those books. Think of all the books on how to make a million are on the book stands whether it be in real estate, stocks & bonds or whatever. Now compare the number of people who bought and read those books with the number of people who actually became millionaires through reading them.
2006-08-27 10:35:35 · answer #3 · answered by Jeff P 2 · 0⤊ 1⤋
That is just one of the courses they should have. When I was in High School I took General Business. It was considered a course for non-college bound students, but it was an excellent course. I was the only college bound student in there. Another course that would be very beneficial would be Interpersonal Relations i e how to get along with people.
2006-08-27 10:48:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Ours has a mandatory basic finance and investing and training and guidance in selecting a career. One that you can prepare for in less than two years. They give extensive testing and counseling to see what career is best for you and you have the skills for. Then see that you get the training in that career.
So you can get out of school and support yourself.
2006-08-27 10:31:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Short answer - yes.
In truth, it really doesn't matter. Unless a family has SUCCESSFULLY taught a child how to manage money, the child will either fail financially or learn the hard way.
2006-08-27 11:12:55 · answer #6 · answered by Russ 2 · 0⤊ 0⤋
Yes, definitely.
It's amazing how little education is given on something so important for life.
2006-08-27 10:31:23 · answer #7 · answered by Whattup Doc? 3 · 0⤊ 0⤋
finance, yes, investing, no - since that is just a gamble any way.
2006-08-27 10:31:28 · answer #8 · answered by ceprn 6 · 0⤊ 0⤋
Yes and relate the class to math. If you can add you can balance your monthly budget.....
2006-08-27 12:10:33 · answer #9 · answered by Happy to help 2 · 0⤊ 0⤋
No.
2006-08-27 17:43:28 · answer #10 · answered by Anonymous · 0⤊ 0⤋