I think she is far more interested in the results than the process

And the reality is the only way to consistently beat the returns on index funds is with luck. After subtracting out the cost of paying an expert or doing the work yourself to do better than an index, you aren't doing better anymore. You might beat the index every now and then, but not with any consistency.

In response to this post by GreenvilleVT

Posted: 08/06/2021 at 12:35PM

Any Lounge wisdom on helping a teenager get into investing? -- Tafkam Hokie 08/06/2021 11:51AM

Direct them to Instagram stories. Lots of investment geniuses on there. ** -- ModerateHokie 08/06/2021 3:44PM

Orange juice futures :) ** -- FfxStationHokie 08/06/2021 2:21PM

The lounge is slipping. 2.5 hrs before the first FCOJ or -- Tafkam Hokie 08/06/2021 2:33PM

Have her research a Bogle (3 or 4 fund account) and then by the funds on -- BayHokie 08/06/2021 2:01PM

Talk to @Technocrat -- hoosnowahokie 08/06/2021 1:26PM

50% in Bitcoin, 50% online sports betting. Both are stone cold locks. ** -- HokieGator 08/06/2021 1:18PM

You forgot the part about setting up a 'lit' tiktok account, gain followers -- Vtskier1 08/06/2021 2:25PM

LoL, You sir are a great influence on the youth! -- TekkNerd 08/06/2021 1:34PM

Best of both worlds. If she going to be good at investing she has to learn -- DonHo-kieHi 08/06/2021 1:13PM

Sound like you are advocating for her to invest in both -- EDGEMAN 08/06/2021 2:02PM

I think you used the correct term saying "mindset" -- typed by ben 08/06/2021 12:52PM

Day trading ** -- bigbadbird 08/06/2021 12:48PM

Mutual Funds are boring but the best way in non taxable accounts. I like -- UTPr0sim 08/06/2021 12:41PM

Don’t forget those funds will generate gains and losses -- GreenvilleVT 08/06/2021 12:48PM

Let her pick some of her own stocks. Companies she knows and likes. -- GreenvilleVT 08/06/2021 12:29PM

I think she is far more interested in the results than the process -- Tafkam Hokie 08/06/2021 12:35PM

My kids concentrated positions in companies they like and hold -- GreenvilleVT 08/06/2021 12:52PM

Do you think she wouldn’t touch the Roth money until she retires? If so, -- RoswellGAHokie 08/06/2021 12:27PM

Definitely a Roth, since she probably isn't getting taxed much now -- EDGEMAN 08/06/2021 12:26PM

Her earnings will be below the threshold of having to pay any taxes -- Tafkam Hokie 08/06/2021 12:40PM

I think she is far more interested in the results than the process

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