Investing can be intimidating, especially for teens who are just getting started in saving and managing their money. Thankfully, there are a variety of tools available that can help beginner investors get their feet wet. One such tool is Invstr Jr., a feature of Invstr (INVSTR) that gives kids and teens money management and Investing tools appropriate for their age. For $75 per year, Invstr Jr. users receive access to a variety of features, such as investment simulations and portfolio tracking.
For those teens who want to dive a bit deeper into Investing, there is also the option to invest in stocks. Investing in stocks can be a great way to grow your money over time, but it is important to keep in mind that it also involves risk. It is important for teens to do their research before Investing and to make sure that they understand how the stock market works. A great place to start is by reading up on the basics of Investing, such as what stocks are and how to buy and sell them. Additionally, it is important to look at the performance of a company over time and to understand what factors can affect stock prices.
When it comes to picking stocks, it is also important to look for stocks that have a history of steady performance. A good example of this is Mortgage REIT AGNC investment (AGNC -0.20%). This company has a mid-teens percentage dividend yield, which is a measure of how much money it pays out in dividends relative to its stock price. AGNC has increased its dividend payouts every year since 2011, which is indicative of its generally steady performance.