stock market information for kids

What do you think of this story …?

This came from The Motley Fool (AN INVESTMENT INFORMATION ON THE SITE): http://www.fool.com/: Do you know Jack? Our quick story, but powerful starts with two twins: Jack and Jill. As you turn 18, Jack takes a job in high school and start investing. 18 to 30 – when she marries and has his first kid – Jack socks away five thousand dollars annually. Then it stops. Jill, meanwhile, goes to college and medical school. She starts saving at 30 – the same $ 5,000 per year. Both invest in the stock market, obtaining a long-term average of 11% per year. But 65, the difference in their financial fortunes will shock you: Jill, who have contributed for 35 consecutive years, will have $ 1.9 billion. But Jack, who spent just 12 years, is actually $ 4,900,000 … thanks to your advantage! Could you use $ 4.9 million for retirement? Is not it amazing??

One line of this article caught my attention: ". The best time to have started seriously investing will always be 'years'" This is definitely true. If you are not the "pay first" (To quote David Bach, author of Automatic Millionaire), however, is behind the ball 8. I was lucky enough to be introduced into the Roth IRA concept in high school. This was because both my father (who has not heard at first) and my professor of economics (Which I found amazing). A day in the class of Economy, Mr. Good made the calculations of this same problem described in your question on the board for us. Y let me tell you, right there, I was hooked on the idea of saving with interest. I created an Excel spreadsheet to make calculations and show that each year the difference in saving Jack and Jill. Apparently, however, I can not paste it here as HTML, so if you are interested in the Excel file I created for it, PM me. You can connect the savings and interest rates and see where is the time that is 65 years!

Investing & Retirement Funds : How to Save Money for Kids

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