First PosT!

Hello? Anyone there?

Well this is my first ever post on my first Blog.
I'm new to this so don't judge me; )
I guess I'll start by talking about what this blog is all about.

This blog is dedicated to all the young people out there who don't know anything about finance and investing. We like to call those people Financially Illiterate. And there's a lot of them out there!

I just read this article today about how teens lack financial literacy. It was written on April 5th, 2006, so over a year ago and I doubt much has changed.

Here's the link, http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2006/04/05/financial/f142918D21.DTL

In the article it states that “On average, high school seniors answered correctly only 52.4% of questions about personal finance and economics”. So they passed, but barely:(

One specific stat that stood out and surprised me the most was this:
“Only 14.2 percent correctly said that stocks likely would offer the higher growth over 18 years of saving for a child's education. That was down from 17.2 percent who knew the right answer in the 2004 survey. In this year's survey 44.8 percent thought a U.S. savings bond — one of the most conservative investments — would offer the highest growth.”

Wow….only 14% said that stocks would offer a higher growth over a 18 YEAR period than a savings bond! oucH. I know that stocks can be very volatile and that they sometimes produce negative annual returns, but over 18 years, which is a very long time, the majority of stocks have increased multiple times to produce enormous gains during such a long period.

Well I’ll go further into detail about the stock market later on, but first I would like to say that this blog is about educating the younger generation about making simple, effective and important investment decisions.

Most young people today might think that investing might be too difficult, complicated, or even too boring to get started.

But I am here to prove that investing is actually Simple, Fun, Exciting and Entertaining!

You too can be FINANCIALLY HIP.