How to Convince Your Parents to Let You Invest
One of the biggest problems with investing as a teen or kid is convincing your parents to let you invest in the stock market. This problem isn’t very common, and luckily it isn’t that difficult to get rid of. All you need to do is use my three-step master plan to get your parents to let you invest in stocks.
1. The first step is to do some preparation. You need to create a portfolio and present it to your parents. You can even backtest the portfolio with Portfolio Visualizer. Make sure to sound very convincing, and make sure to read Stock Market Investing For Kids is your parents aren’t easy to convince, so you really know what you’re talking about.
2. The second step is to show your parents some articles from Investing For Kids By Kids. I recommend showing them Parents: Teach Your Kids How To Invest, and Why Your Kids Should Be Investing. You can even make a slideshow with this.
3. The third step is to show your parents how they can get started. Best of all, I have a deal for you. Use this link to sign up for Greenlight, the best brokerage account for kids and teens, and you’ll get $50, which covers over 6 months of the premium plan.
If you need more help, you can even contact me at timmy.investingforkidsbykids@gmail.com.
