{"id":133,"date":"2009-05-08T14:37:30","date_gmt":"2009-05-08T22:37:30","guid":{"rendered":"http:\/\/kidnexions.wordpress.com\/?p=133"},"modified":"2009-05-08T14:37:30","modified_gmt":"2009-05-08T22:37:30","slug":"discipline-required","status":"publish","type":"post","link":"https:\/\/www.familymathnight.com\/blog\/?p=133","title":{"rendered":"Discipline Required"},"content":{"rendered":"

Here’s the thing about the stock market. \u00a0Rarely can it be timed. \u00a0I may even go a step further and say that never<\/em> can it be timed. \u00a0But I’m not an expert. \u00a0What I do know is that over time, the stock market seems to do pretty well. \u00a0Statistics say that it averages a gain of about 11%…over time.<\/p>\n

There’s the key. \u00a0Over time. \u00a0And that’s exactly what we talked to Ryan about when he decided to plunk down about $250 of his own money for 5 shares of CMG back in September. \u00a0Unless you’re a professional and will spend your days scouring information about companies, trends, and P\/E ratios, the best bet is to do your research, invest, and then forget about it for awhile.<\/p>\n

So when CMG (Chipotle Mexican Grill) went up to $82 a share recently, and Ryan was visibly upset because he had missed an opportunity to put even more money in, we had to sit him down again and go over the if you’re going to invest in the stock market<\/em> rules.<\/p>\n

Ryan had been waiting for CMG to drop so that he could buy more shares. \u00a0His original investment of 5 shares cost him $47\/share. \u00a0When he last looked it was around $73\/share. \u00a0The market’s been so wacky lately that he figured it was bound to plummet again and then he’d go back in.<\/p>\n

But that’s not what happened. \u00a0He was shocked and mad at himself that he had not put in the other $250 that he’d been holding on to. \u00a0Especially after I reminded him about two weeks ago that he shouldn’t try and time the market. \u00a0A lot of people think they can out-smart the market. \u00a0It does happen. \u00a0But mostly it doesn’t. \u00a0<\/p>\n

It took a little bit to help him recover. \u00a0The stock market is such an emotional thing. \u00a0That’s why it can’t be timed. \u00a0And frankly, I’m glad he’s learning this lesson when he’s 14.\u00a0<\/p>\n

He’s okay now. \u00a0He should be. \u00a0The value of his stock increased by 74% in a short period of time, for crying out loud! \u00a0 At least, that was the case a few days ago. \u00a0He’s not interested in taking a peek. \u00a0Best let it sit for awhile. \u00a0He’s got lots of years ahead of him. \u00a0Even at $82\/share, one day that’s going to be a bargain.<\/p>\n","protected":false},"excerpt":{"rendered":"

Here’s the thing about the stock market. \u00a0Rarely can it be timed. \u00a0I may even go a step further and say that never can it be timed. \u00a0But I’m not an expert. \u00a0What I do know is that over time, the stock market seems to do pretty well. \u00a0Statistics say that it averages a gain of about 11%…over time. There’s the key. \u00a0Over time. \u00a0And that’s exactly what we talked to Ryan about when he decided to plunk down about…<\/p>\n

Read More Read More<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10,17],"tags":[22,23,24,26,27,29,31,228],"class_list":["post-133","post","type-post","status-publish","format-standard","hentry","category-kids-and-investing","category-teaching-kids-financial-literacy","tag-kidnexions","tag-kids-allowance","tag-kids-and-finacial-literacy","tag-kids-and-money","tag-kids-investing","tag-kids-money-management","tag-kidssave","tag-teaching-kids-financial-literacy"],"yoast_head":"\nDiscipline Required - Karyn's Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.familymathnight.com\/blog\/?p=133\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Discipline Required - Karyn's Blog\" \/>\n<meta property=\"og:description\" content=\"Here’s the thing about the stock market. \u00a0Rarely can it be timed. \u00a0I may even go a step further and say that never can it be timed. \u00a0But I’m not an expert. \u00a0What I do know is that over time, the stock market seems to do pretty well. \u00a0Statistics say that it averages a gain of about 11%…over time. 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