TechniTrader® presents: Teen Wall Street Wizard
Alison Jeffers
Teen Wall Street Wizard is a brand new community service from TechniTrader and we are still working out some of the kinks. We will be adding more graphics, pictures, and text as we get teens and young adults signed up. We will post events and later, printable materials available for teachers who want to have their high school or community college students participate. This is a work in progress that will grow and expand over time.
To participate in Teen Wall Street Wizard you must have a Facebook account and visit Alison's blog. Please give us an introduction, tell us about yourself, how old you are and why you are interested in learning about the stock market.
Preparation:
"I want to let you know that I have been working with a young lady to develop a community service project for teens. Her name is Alison and she is a 14 ½ year old that I have become friends with through ice skating. She is a competitive ice skater that went to her first Junior Nationals this year, a big deal in ice skating.
Alison, like many of your children and grandchildren, is fascinated by the stock market. But I realized that the information she finds on the Internet and elsewhere is not accurate and often misleading. So I proposed that I would teach her about the stock market if she would set up a blog on one of the social networks to tell other teens about the stock market in her own words.
We are working together to bring this education to teens and Alison's blog is nearly ready for visitors. So, if you have a young person in your life that is curious about the stock market, you will soon have a free place to have them go to find out the true facts and learn about the stock market-the real stock market not that garbage and hype out there on TV stock market shows. And it will be done in the words of a teen not an adult.
This is just one of several community services TechniTrader® is instigating right now.
We must all try and help out communities in these hard times. My one talent has always been my ability to take complex subjects and make them simple to understand. And the one big thing I see that really hurts our families' financial security is the lack of good, sound, practical information about the stock market and personal finances, especially how to protect financial investments and retirement accounts.
Our educational system doesn't provide financial literacy to teenagers, so my goal is to create a venue where young people can come and become financially literate so they can grow up to be good investors who make wise decisions rather than speculators and gamblers or buy and hold investors who end up losing more than they invest.
When it is ready, I will invite your family members and young friends, who are teens or young adults to be visitors and to meet Alison. It should be ready next week. So ask around the members of your immediate family to see if any of your youngsters would like to join the "Teen Wall Street Wizard" Blog sponsored by TechniTrader® with Alison Jeffers as your host." Martha Stokes, C.M.T.
Ready for Visitors:
"I am delighted to hear that some of you have young people who are interested in the stock market. Despite all the rhetoric about getting back to being solely a manufacturing nation, we are on a path which I believe can't be altered so that we go in reverse. Manufacturing will always be an important aspect of our economy but I do not believe it will be the primary source of personal wealth for individuals in this country in the decades ahead.
We are moving toward a global marketplace for investing and trading and nothing will stop that, it is like a steady flow of water down a hillside. What this country needs in addition to good education in schools is a sound, practical education in finances and how to invest properly. Financial literacy is critically important to young people today, more so than it was for you and your parents when you were young.
To participate in Teen Wall Street Wizard just click here to link to Alison's blog on Facebook. Please give us an introduction, tell us about yourself, how old you are and why you are interested in learning about the stock market.
Teen Wall Street Wizard is a brand new community service from TechniTrader® and we are still working out some of the kinks. We will be adding more graphics, pictures, and text as we get teens and young adults signed up. We will post events and later, printable materials available for teachers who want to have their high school or community college students participate. This is a work in progress that will grow and expand over time.
A question that came to me yesterday:
Opening a broker account when you are still a teen:
It is just like opening a checking account. You must be 18 years old OR your parent must be a custodian for your account, meaning they sign on the account. If you have a minor sign them up for the MyTrack simulator which despite all the new "game simulators" out there is still the one we recommend most. I strongly discourage using the game simulators even though they are free and are everywhere on the Internet.
Young adults and teens must not start out their investing career thinking of the stock market as a game; it is no game. Nor is it gambling. So everything you do should be taken as seriously as you would when you helped them open their first checking account or when they got their first credit card. It should be all about teaching them financial literacy and responsibility.
Alison's blog will show young people how to invest with new postings and education about the stock market on her blog as we go along. Alison is using her own words to teach other teens what she has learned. This I feel is the best way to reach young people and get them interested in stocks. As time permits we will expand this community service to include training materials for high school and community college teachers."
So, when your teen or young adult is ready send them to: Teen Wall Street Wizard
Martha Stokes, C.M.T. CEO of TechniTrader®