PARENTS MAY BE CRINGE, BUT TALKING INVESTING ISN’T.
TANNER DUNCAN: This is my dad. I mean, like 25 years ago.
When I was a teenager, my dad tried to talk to me about investing. But I was more interested in basically…anything else.
And in the blink of an eye, now I have two teenage daughters. And I want them to learn what I didn't at their age.
So now I'm just going to bring it up casually. Just a little bit of casualness.
It's teen investing time. It's investment time. Are you excited? Are you excited?
Okay, maybe too casual. I just got to do it at the right time.
Lucy?
LUCY DUNCAN: Oh, Papa, get out of here.
TANNER: Okay, we’ll do this later.
Okay, you know what? I'm just going to get in there and get started.
Make room for my fat bottom.
LUCY: Ow. Ow. Papa you’re on my on my hair.
TANNER: Are you okay?
LUCY: You're still on my hair. Ow.
TANNER: Okay, so I may have killed their excitement a little bit, but wait, how am I going to be able to answer their questions? Don't I need like a curriculum or some formal training?
Two things. One, if I can raise multiple multicellular complex sentient life forms, I can do this. Two, Charles Schwab offers teen investment account educational resources, so I can use those too. And #3 of this two-part list, I'm going to let their questions drive the lessons.
What questions do you have about investing?
MILLIE DUNCAN: What on earth is investing?
LUCY: How does the money grow?
MILLIE: How do you invest?
LUCY: And how does like it grow?
Computer: Compound interest is reinvesting earned interest back into the principle of an investment.
TANNER: I ain't no financial advisor. But I'm gonna teach you about compound noodles.
LUCY: Oh.
Computer: A mutual fund is a company that pools money from various investors.
TANNER: You probably don't wanna have a mutual fund in your emergency account because it'll take you some time to liquidate it, to change it from this into this.
This is just like compound interest.
Milie Duncan: Uh.
TANNER: The longer you leave it on.
LUCY: The more blackheads you rip out.
TANNER: The more blackheads you rip out.
Whoa, whoa.
So just remember to keep your investments long term, long term and it'll be so worth it.
It was nice to have education available, you know, educational videos and resources.
Learning about investing is a lot like learning to ride a bike.
And sometimes we maybe kind of got distracted, but what made it worth it was watching them have light bulb moments.
You got it.
MILLIE: Yeah.
TANNER: Does that make sense?
MILLIE: Yeah, I got it.
TANNER: Like the lights going on and watching them invest in their very first stock.
LUCY: I did it! We did it! I got my first stock, guys.
TANNER: Nice work.
And then just being silly and having fun together was totally worth it. Watching them learn this stuff made me think of how different I was as a teen. I was so distracted that I didn't care about my dad's advice. And that made me realize, I think it's time I fixed that.
Hey, Dad. Um, is it? Is it too late to talk investing with you?
FATHER: No.
TANNER: Cool.