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    Argument Essay

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    Mikhael Rudy
    This document argues that we should teach kids about investing. It provides three main arguments: 1) Time is money - teaching kids early about compound interest and long-term investing can help them gain significant returns. For example, investing $1000 at age 20 with a 10% annual return would yield around $5000 at retirement. 2) Don't put all your eggs in one basket - kids should learn about diversifying their investments between stocks, bonds, mutual funds to reduce risk. 3) Building good financial habits early is important - many habits are formed by age 7, so teaching kids good money management can help prevent debt and overspending as adults. The purpose of teaching kids to invest is to familiarize them with financial concepts and

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    Argument Essay

    Uploaded by

    Mikhael Rudy
    55 views3 pages
    This document argues that we should teach kids about investing. It provides three main arguments: 1) Time is money - teaching kids early about compound interest and long-term investing can help them gain significant returns. For example, investing $1000 at age 20 with a 10% annual return would yield around $5000 at retirement. 2) Don't put all your eggs in one basket - kids should learn about diversifying their investments between stocks, bonds, mutual funds to reduce risk. 3) Building good financial habits early is important - many habits are formed by age 7, so teaching kids good money management can help prevent debt and overspending as adults. The purpose of teaching kids to invest is to familiarize them with financial concepts and

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    This document argues that we should teach kids about investing. It provides three main arguments: 1) Time is money - teaching kids early about compound interest and long-term investing can help them gain significant returns. For example, investing $1000 at age 20 with a 10% annual return would yield around $5000 at retirement. 2) Don't put all your eggs in one basket - kids should learn about diversifying their investments between stocks, bonds, mutual funds to reduce risk. 3) Building good financial habits early is important - many habits are formed by age 7, so teaching kids good money management can help prevent debt and overspending as adults. The purpose of teaching kids to invest is to familiarize them with financial concepts and

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    55 views3 pages

    Argument Essay

    Uploaded by

    Mikhael Rudy
    This document argues that we should teach kids about investing. It provides three main arguments: 1) Time is money - teaching kids early about compound interest and long-term investing can help them gain significant returns. For example, investing $1000 at age 20 with a 10% annual return would yield around $5000 at retirement. 2) Don't put all your eggs in one basket - kids should learn about diversifying their investments between stocks, bonds, mutual funds to reduce risk. 3) Building good financial habits early is important - many habits are formed by age 7, so teaching kids good money management can help prevent debt and overspending as adults. The purpose of teaching kids to invest is to familiarize them with financial concepts and

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Essay

    Should we teach our kids about investing?


    Thesis statement: Yes, we should teach kids to start investing
    Outline:
     Introduction: Why we should invest?
     Body
    o 1st Argument: Time is Money,
    o 2nd Argument: Don’t put all your eggs in one basket,
    o 3rd Argument: Building habits
     Conclusion: The purpose of investing is not always about money
    Should We Teach Kids How to Invest?

    In the world where consumerism is on the rise, yes, we should teach kids how to
    invest. As I’m writing this essay right now, the DOW JONES Index is at all time high at
    the price of $33,493 where it grows 76% since last March when the pandemic started, I
    wish I had a time machine to go back at that time and dump all my money on those
    stocks that are listed on DOW JONES. Investing is risky, everyone knows it, but if you
    educate yourself and manage it well you can gain profit from it. Since the day we were
    born until we die later we need money, and it is essential to prepare children to
    familiarize themselves with financial concepts and investing, whatever their dreams or
    they might will become in the future, money will always come and go along, it is an
    essential tool to live in this modern society, maybe some says that it is too young to teach
    kids about that but I have to say that ‘change’ is the only ‘constant’ (Heraclitus, Greek
    Philosopher) technologies are keep evolving, and if we don’t try to follow up we’ll be left
    behind.
    Time equals money. Teaching the time value of money when they're young gives
    children tools to cope with that primal urge we all experience to "buy now." (Godfrey,
    2014). In the game of investing the winners are the one who waits, not the one who rush,
    if we waited a few weeks to see a profit, but what if we gave it more time? What if we
    even waited decades? When you give your money enough time to grow and start earning
    interest, you can secure bigger rewards while you’re doing nothing. For example, let’s
    say you invest $1000 into the stock market to take out when you retire ate the age of 60,
    assuming a 10% annual return, if you start investing at the age of 20 you will almost get
    $5000 when you are ready to retire. This teach kids how to have a long-term mindset and
    to be patient, Rome was not built in one day, another lesson learned is to invest as soon as
    possible (Pandise, 20), even taking the up and downs of the stock market, historical
    investors see returns.
    Don’t put all your eggs in one basket. Diversifying the portfolio is important, you
    should have a little bit of money in several different kinds of investments. There are
    mutual funds, index funds, these are professionally managed funds for many investors to
    buy into bigger securities, their growth is following the stock market, and there are
    bonds, when a company or the government needs some cash, you can buy a bond, giving
    them the cash up front, and it will appreciate in value over time when the company or
    government pays you back (Pandise, 2020). Bonds are generally considered a low-risk
    investment compared to stocks, but bring less return. This teach children risk-
    management and how to manage their assets that will beneficial for them in the future,
    but given the complexity of bonds and funds it is better to start with the stock market.
    If you cannot control your emotion, you can’t control your money – Warren
    Buffett. I have met many adults in my life that has poor money management that left
    them with debt and fell behind payments, some even fell to hedonism or consumerism
    and if you don’t want your kids to fell into that hole it is better to teach your kids
    financial literacy as young as possible. Research shows that many financial habits are set
    by age 7 (Kurt, 2021), if good habits aren’t formed early it will be harder to mold in the
    right destination, make them contribute to purchase, make a bank account or savings, and
    get them to start on stock market, good money habits don’t come out in one night, it is
    better to teach them now to prepare for their adulthood.
    Warren Buffett, the greatest investor that ever lived started to invest at the age of
    10, and he regretted it, he wished he could start earlier. It is not always about money, it is
    important to teach children to make decisions and take risks, the purpose it is to
    familiarize them with the financial and investing concepts, whatever the outcome of the
    investing whether it is profit or loss, the experience will be invaluable (Beattie, 2021)

    Reference:
    Why we should teach kids about the stock market from a young age (today.com)

    10 Tips to Teach Your Kids Investing (thebalance.com)

    How to Teach Your Child About Investing (investopedia.com)

    Everyday Activities That Can Teach Financial Literacy to Kids (investopedia.com)

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