Money and Finance

Project: Dividends Stocks for Teenager - new stock purchased

I wrote in December that my daughter accumulated enough money to invest into another stock.

I created a list of stocks for her to choose from.

Today she finally made her choice.

She picked RY - Royal Bank of Canada.

Here how she made her choice.

First she already had my list with 26 stocks.

Then I suggested to look into Canadian banks stocks because it would be good for her portfolio balance.

She said, "Oh, it looks like lots of my friends went to Canada for visit", so I might pick one.

Then she noticed that according to 1 year target price RY shares might go up at least by $10.

We are going to invest her Christmas money as well, so I will post another update soon.

She is thinking about WHR - Whirlpool or T-AT&T. Probably WHR because she already has shares of T in her portfolio. But we will see. :)

You can find all posts about this project here.

Thanks for reading and please share your thoughts.

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