I have a 13-year-old son who is interesting in investing for himself. He has a small amount of money he has gotten for birthdays, allowance, odd jobs, and various and sundry get rich quick schemes that he has undertaken. I have bought a few shares of BRK-B for him with some of the money. However, he wants to start investing some of the rest of it for himself. He even wants to play around with some options trading. I am a "buy and hold and diversify" type of person. I have neither the time nor interest in learning how do do more sophisticated trading, and I have found that every time I have gotten emotional about the market (2008) and pulled back, I have missed out on opportunities.
My son reads at a very high level. I have told him that he needs to read some books before he delves into anything at all sophisticated. Any recommendations for a good book he could read before he blows his lunch money and has to live in a van down by the river, eating government cheese, in order to support himself? Something that doesn't just blow smoke up his proverbial dress and overpromise on investing?
Thanks in advance.
My son reads at a very high level. I have told him that he needs to read some books before he delves into anything at all sophisticated. Any recommendations for a good book he could read before he blows his lunch money and has to live in a van down by the river, eating government cheese, in order to support himself? Something that doesn't just blow smoke up his proverbial dress and overpromise on investing?
Thanks in advance.
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.