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 Ouch!
How Teen Investors are Dealing with Stock Market Shock
It seems that everyone is talking about the slowing economy and
the bumpy road Wall Street seems to be riding. We asked some young investors
what they are doing to absorb the shock. Read on, and see what they have to say!
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What actions have you taken to diversify your portfolio?
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I have an optimistic outlook and I am not going
to panic and sell at a loss. I feel there is future in tech stocks, so
I’ll stick with them.
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 Athena Yang, 16, Houston, Texas
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I
do try to diversify and have invested in some mutual funds to balance my
portfolio, however, 75% of it is currently tech stocks.
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the stock goes down, I buy more because it is like buying something on
sale. I don't sell anything and lose money, because I know if I wait a
little while the value will go back up, and I’ll make my money back,
and even more.
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 Devon
Green, 10, Stuart, FL
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I
have my money in two different mutual funds that use the money to help
many businesses rather than just one. However, the thing that is most
important to me is that the businesses that use my money care about
people, animals, and the environment.
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hasn’t really affected my investing because I am young and I can leave
my money in the market for the long term. Whatever happens, happens.
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 Chris
Haas, 16, Murrieta, CA
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I have
my money invested in a lot of different companies so if one does badly,
the others make up for it. A lot of my stocks are in tech and I think
I’m doing well right now.
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I’m
a little worried about it. I am saving up to buy some more stock when
things calm down.
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 Allie
Cawood-Smith, 13, Auburn, CA
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It’s
a good idea to spread out your investments so you don’t lose it all in
one stock. Besides, it’s interesting to have a bigger portfolio.
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I'm
just trying to stay focused on why I invest in the stock market in the
first place — it’s for the long haul. Regardless of market
corrections or fluctuations, I make sure I add money every year to my
Roth IRA.
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 Anthony
Aiello, 16, Piscataway, NJ
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I
try to pick the right mix of investments to match my age and my goals. I
try to stay diversified by investing in large, medium, and small
companies. I think over the years, if I stay patient and stay invested,
I'll meet my financial goals.
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| Well,
the recent downturn has been a bit nerve-racking, but nothing monumental
for me. Most investments should be made for the long-term, and as such,
mine are. There will be many upturns and downturns, as they go along
with the stock market. The recent downturn really hasn’t made much
difference as to the way I invest my money. Since the decline began
about 5 months ago, my portfolio has remained unchanged, and will
continue to do so unless I see something tremendously undervalued.
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 Ryan
Zacharia, 17, East Rockaway, NY
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diversify my portfolio as I see necessary. I own technology and old
economy stocks, but not in an equal ratio. As a result the risk level is
a bit higher, but so is the reward potential. Investing in technology
stocks while offsetting some of the risks that they pose by investing in
sturdier stocks like WorldCom is how I diversify my portfolio.
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So how has the economic downturn affected
you? E-mail YoungBiz.com and let us know!
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