The Experts Agree: When It Comes to Investing, Teenagers Have Some Great Ideas
In my blog post on July 23, 2018, I wrote about the investment picks of teenagers in my Barter2Bitcoin summer camp. My class produced a balanced portfolio that included a mix of dividend payers, growth companies, and large and small caps. The stocks ranged from top technology picks like Apple Inc. (the most valuable US-listed company with a market cap of over $1 Trillion) to Nathan's Famous, Inc. (a foodservice company with a market cap of less than $400 Million). The reasons for picking these stocks were just as diverse as the stocks themselves. Some picked the companies that they were most familiar with as users of the companies’ products – e.g., Facebook, T-Mobile, Apple. Some were names from the current news cycle – e.g., Boeing or Raytheon. And still some were the place of their parent’s employment – e.g., Novartis. I certainly got some of the best teenage investors in my class. I was impressed by their thoughtful process in picking stocks based on their personal experiences and beliefs about stock valuations.
My experience with the brilliance of teenage investors was further confirmed by Jim Cramer, the host of CNBC’s popular show Mad Money.
Listen to Mad Money w/Jim Cramer 08/03/18 from Mad Money w/ Jim Cramer in Podcasts.