Other popular investing philosophies parents teach their kids include diversification (with 50% of parents polled saying as much), the principle of “buy low/sell high” (50%), that it’s risky to try to time the market (29%), and the value of indexing (26%). Common Investing Philosophies Parents Teach Children It raises the likelihood of receiving positive returns and avoids pitfalls associated with trying to time the market,” he said. “Long-term investing is fundamental to successful investing.
The survey finds, however, that while investing for the long term is the most common investing lesson parents teach their children, 42% of parents skip it - a finding Caporal deems “surprising.” “The current market volatility presents an opportunity for parents to lead by example and teach their kids that downturns and economic uncertainty are not reasons to panic,” Caporal said. Jack Caporal, research analyst at The Motley Fool, told GOBankingRates that parents should be mindful to teach their kids that investing is more likely to yield positive returns over longer periods of time.
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