I have a goal for the family, we are learning how to trade in stocks and options. One day I would like to learn commodities, Forex and Futures however, stocks and options are first. I think it is important to learn different types of skills and this one is very important to me.
Money can be made in the markets and an education without this knowledge just does not seem complete to me. The children may or may not become traders but it is still useful to them in long term investing.
I have had one the the children take a short stock market class made for children. The weekly class learned something about the stock market; how it works and paper traded which is fake trading.
As a family, we adults are taking two stock market courses and the older children are learning right along with us. They are being taught where to enter and exit a trade; how many shares to buy; risk management and which companies to trade.
Yes, we know most traders fail but that is not the point of teaching them this skill. We do not want them to think that only certain types of people can make money in the market. It is a skill that can be learned and used. I believe it will help them grow in knowledge of how the financial markets work; how the economy runs; how companies conduct business; and personal growth for them such as discipline and patience.
We will see how it goes!