Baby Steps: Investing Strategies For Minors

When it comes to investing, what is the most important thing? Asset allocation? Stock picking? Market timing? The answer is: None of the above. Historically, the best guarantee of good investing returns is simply time in the market. There are two, possibly three reasons for this: Stock market returns skew upwards and to the right due to rising company revenues as a result of inflation and enterprise growth. Money compounds over time where returns pile up on top of returns to create...