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2007-06-12 11:22:02
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Article by William Foxx |
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I love it when kids buy stock. It shows a lot of the kind of person he or she is going to turn out to be in the near future. A business person ready to encounter the real world and not afraid to do so by himself or herself. The kind of person that will become a leader in a globalized world; someone very important in circles of society and that people turn to for advice. Because it is them that get the experience of how to manage everything they set their minds to.
Even so, I think a good place for kids to buy stocks to start is through penny stocks. As I've said in many other articles I've wrote, penny stocks are extremely beneficial in the short and many time in the long term. Even if it weren't so, I would still encourage people that want to start investing in the stock market, especially kids, to start with penny stock picks because of the great educational advantage it brings with the experience.
Difficult but not Impossible.
For kids though, it may be difficult at first investing in penny stocks. The company research phase of investing can be tough for kids because it encompasses areas that need great understating of economics, both macro and micro. However, with enough practice and advice in time they will develop a keen sense for detecting which companies are a good choice to invest in.
But they can't do this by themselves. They need the help and support of their parents as well as financial aid! If you're a parent reading this, it is here where you can help your children become someone important in the future. You can help with the stock research phase and give important stock advice. If you're a kid reading this, go ask help from your parents, and make them understand how important it is for you to have support in this.
William Foxx has dedicated a great part of his life into understanding how the stock market works and which are the best stocks to invest in. He believes that almost anyone with enough determination can make a lot of money by choosing the right penny stock picks.
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Kids Buy Stock
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But They Need Help
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http://www.penny-stockpicks.com
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