I could use your help. My grandson is an 18 yo senior in high school. He has a part time job and probably a few thousand in his savings account. At Christmas he asked me how he could start investing. Seems he's taking a Personal Finance elective in school. He stated that he wanted to be able to retire both early and well financially. His parents and grandparents have saved for his college and his parents are both only children. His other grandpa was in investment banker and his mom is currently a bank VP. I'm the dumb one of the bunch. He and his dad and I have already discussed starting with an Emergency Fund. How do you discount that for a kid living at home?!? Otherwise, he was good with having $1,000 to start some sort of investment.
What are your thoughts and suggestions? Roth? Where? How?
And realize that I plan to share this discussion link with him.
Thanks so much,
And so it goes,
Peace and wear the damn mask,