Investing advice for 13 year old?

[REWahoo]

Thanks to all of you for your suggestions and input - some great ideas here.

My initial plan is to Facetime with him next week to get a feel for just how serious he is about this subject - understanding he's 13 and occasionally has a short attention span. Another question I have is what discussions he's had with his parents about stock investing and are they on board.

Based on the responses I get, I'll then either suggest the "fantasy investment" route or, if I think he's serious enough, using some of his own money in a custodial account. While I'd love to reward his efforts with some matching cash, DW and I have worked hard over the years to be completely fair to each of our five grandchildren. Not going to chance going off script now.

 

[pb4uski]

To be clear, the matching cash that I was suggesting the "investment club" would still be 50% him and 50% you in a joint brokerage account with both your names on it.

You could always made a decision whether or not to give him your 50% later.

 

[REWahoo]

To be clear, the matching cash that I was suggesting the "investment club" would still be 50% him and 50% you in a joint brokerage account with both your names on it.

You could always made a decision whether or not to give him your 50% later.

My concern is if I decided to not give him my 50% he would think it unfair and if I did give it to him his sister and three cousins would think it unfair. That's a no win situation I'm trying to avoid.