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For example, parents can take their young kids into a store like Starbucks and show them a cup of coffee.Then explain that when someone buys a cup of coffee from Starbucks, This can also be an opportunity to show your kids that they can vote with their wallet by supporting companies whose values align with their own.Last year my mom and I attended their annual financial conference.As a sixteen year old, I was the youngest person attending. The Bogleheads are a group of people just like you and me who have an interest in investing and like to follow the principles of Vanguard founder, John C. The Bogleheads have an online forum at where investors share ideas.
They encourage a strategy of passive investing rather than active investing.The conference as a whole was incredibly entertaining, educational, and a valuable experience.While I highly recommend attending the conference if you can, I recognize this may not be possible for everyone.In fact, day trading (aka actively buying and selling stocks) leads to losing money 80% of the time according to one study.The Bogleheads caution against being an emotional investor because this leads to making too many changes and poor investment returns in the long run. Bogle recommends investing in a diverse portfolio and investing in low-cost index funds.