#Women Invested Tips
Teaching your kids about investing
Please read important information at the end of this program. Recorded on 8/05/2022.
Jen Auerbach-Rodriguez:
[LOWER 3rd]
Jen Auerbach-Rodriguez
Head of Strategic Growth Markets
Merrill Lynch Wealth Management
Savita, thanks for being here. I just want to jump right in.
Savita Subramanian:
Sure. It's great to be here as well, Jen.
Jen Auerbach-Rodriguez:
So in all your years studying the markets, how do you think about teaching some of the basics to your children?
Savita Subramanian:
[LOWER 3rd]
Savita Subramanian
Head of U.S. Equity & Quantitative Strategy and Head of ESG Research
BofA Global Research
Yeah, so we've actually embarked on this recently and all of my children have accounts where they select securities.
[LOWER 3rd]
Savita Subramanian
Institutional Investor 2021 “all-star analyst”
One of Barron’s 100 Most Influential Women in U.S. Finance
One of my children is an expert in gaming and my daughter is an expert in fashion and they have picked companies that they know well and they've made good investment decisions. And it really just took the confidence of starting.
Now, obviously they haven't done just perfectly and they've lost a little money here and there. And I think what we've taught our children is time is on your side. Don't get too panicky if the stock that you picked goes down the next day. And really just pay attention to what's changing in the world around you rather than what's changing in your portfolio's returns.
Jen Auerbach-Rodriguez:
Thank you, Savita.
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