We've long recommended investment clubs for all sorts of investors, teenagers included.
Investment clubs are a terrific idea for teens, in fact, since they allow for socializing and learning at the same time. Young people have the greatest investing advantage of all -- a lot of time to let their money grow. So they stand to benefit greatly from getting to understand how to manage money while they're still young.
The only problem is that minors can't trade stocks on their own. Still, teens can form clubs to learn about investing and can even create and maintain their own pretend portfolios, filled with companies of interest to them -- Nike
Here are some Fool articles on the firms named above:
- Abercrombie & Fitch, Kick Me
- Nike Kicks Sears to the Curb
- McDonald's Merry March
- Attack of the Consoles
- Microsoft: The Cash Machine
We've got an Investment Club area here in Fooldom, with many tips on how to start a club. Know also that there's a new kind of club that might be of interest to you, or some people you care about -- the "Money Club," from the Women's Institute for Financial Freedom.
Teach your kids about money through our book The Motley Fool Investment Guide for Teens, and by pointing them to our rich Teens & Their Money area. (They might be interested in our $1,000 contest, too.)
To get answers to your burning questions about investment clubs, or just to follow what others are saying about them, drop by our Investment Clubs discussion board.
And to learn more about investing Foolishly, visit our Fool's School and our Investing Basics area. Or check out some of our inexpensive and well-regarded online how-to guides, which come with money-back guarantees. You can also learn all about brokerages and find one that's right for you by visiting our Broker Center. (Did you know that some well-regarded brokerages are offering commissions as low as $5?)