INVESTING FOR TEENS 2022

"We don't need to be smarter than the rest; we have to be more disciplined than the rest" - Warren Buffet
ill you believe me if I tell you that you can earn $78,000 as a teen in just a few short months? Most probably not! Christon "The Truth" Jones, a 14-year-old student-athlete from Mississippi, often bullied by his peers, spent much of his free time trading stocks.
Christon got his passion for trading stocks when he heard about another 14-year-old teen from Chicago who made $50,000 in the stock market after having bought stocks in Nike when his mom refused to allow him to buy a pair of trainers before he owned some shares in the company.
Christon was instantly inspired by this storyand started learning about the stock market. His passion paid off big time when he made his first $10,000 in his early trades, which included Amazon shares, using his mom's trading account. In March 2020, the stock market took a hit as the COVID-19 pandemic struck.When most investors went into panic mode as prices fell, Christon snatched up shares in Tesla, the famous electric-car company. These were trading at around $72 per share but were soon up to $300 by July. When he and his mom eventually decided to sell, they made $78,000 off a single trade in only a few months! The Tesla stock later reached an all-time high of $900 in January 2021. According to a study by Deutsche Bank, a new wave of successful teen traders has emerged during the pandemic.