Saturday, January 9, 2016

Show Your Teen How to Turn $500 into $520,367

Today’s fantastic family finance article is:

Stock data and charts.

Jeff Rose shows a teen the incredible power of long term diversified investing by running through a very concrete example using an average mutual fund and real historical data. Brilliant! Maybe this exercise will motivate your teen to open a Roth IRA and put some of those summer earnings into a low cost index fund. (Bonus points: offer a parent match to create a Family 401k!)

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