RITHOLTZ: It’s not black and white. It is not you can’t beat the market. You’ll be able to and some people have and have for prolonged intervals of time. Look no additional than Warren Buffett. The issue is with the flexibility to pick who’s going to have the ability to beat the market, for them to beat the market consistently 12 months in yr out, after which to do it in excess of prices, charges, taxes, commissions. That’s the brilliance of Eugene Fama, figuring out that before anyone else noticed it.
You’ve got been accountable for the allowance, now assist your teen take step one in direction of managing their own money. As joint account holders, you and your teen will be capable to discuss via what it means to have a checking account of their establish and use their debit card responsibly.