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I recently was invited to speak to a talented group of sixth graders. It is a group of twelve gifted children that spend one full day together every six days. They are currently deeply involved in an investment project with the stock market being the main focus.
I approached the presentation with an open mind, not having a real specific agenda. It didn’t take long for the conversation to flow. I asked a few ice breaker questions and the flood gates opened. I was so impressed with the questions and comments from a group of children that have grown up calling the cell phone more than a landline.
From bears and bulls to the New York Stock Exchange to the Dow Jones Industrial Average, these “kids” have more knowledge than a large number of well rounded adults. But most of all, they knew what most adults forget. Investing is for the long term. It is not something to “make a quick buck”. They understand the risks and rewards of not panicking. Can we all say that? In 2000 and 2001, did you “stay on course?” How about this past August? Did you sell during the “mortgage crisis?”
Everyone needs to remember the reason for investing. Keep reviewing your portfolio as well as your goals. If they aren’t changing then why change your methods. At twelve years old, if these “investors” know that, so should we.
(Frank Morgan, Jr is a Registered Representative of Cambridge Investment Research, Inc., a Broker/Dealer, Member NASD/SIPC. You can contact him at 610 367-9000, 610 323-6388, 610 987-6444 or visit www.yourfinancialvision.com)
03/08 - BACK
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