14-year-old's Nintendo investment: jury still out

Stephen Baker

I told my 14-year-old at the start of the school year that he could invest $3,000 of his college money in the stock of his choice. He came back a day later, after some serious reading of Gizmodo, Engadget and other "investment" sites, and said to put the money on Nintendo. They were coming out with a new console, the Wii, which would take the market by storm, he predicted. We never invested the money, because I couldn't figure out on the Schwab site how to buy shares in the Japanese company. The sites he consulted didn't help much either.

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