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#1982 finance institution for youth

Okay, I still don't understand investing, and I just barely sort of
got down credit cards. This possible branch of another reputable
financial institution or possibly its own institution, creates a mini
local wall street where High school students and junior high school
just regular students can come and invest with 'small potatos'.

Investing- A local company (preferrably with a product geared toward
youth) will sell them mini stocks in their company. There's a cap on
how much one kid can spend so they can't lose royally, but they can
also gain a little and promote the product themselves. After they get
this down, a jump to real wall street later on would be easier.

Credit- Kids could get little in-store credit cards like I've now got
from Mervyn's. Probably from more local businesses. Work out the
stakes small enough so it gives experience, but doesn't risk killing
the person. Then later on if their credit is good, they can use the
company as a reference to real credit card companies, and if it's bad
something else happens, but perhaps it doesn't destroy their credit
for life.
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Comments

a Tom said…
http://www.teenvestor.com/investors/stocks/dummy_portfolio.htm already sort of along these ideas.
April 24, 2013 at 6:34 AM
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