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17-year-old Dylan Jin-Ngo became fascinated with the stock market while in sixth grade. Now the Huntington Beach teenager spends much of his free time teaching other children about markets.
“Being able to invest without my age being a barrier was something so unique,” Dylan told Yahoo Finance of his motivation. “I’ve learned on my own over the past 3-4 years and became the youngest certified mutual fund advisor in the country in 2020.”
Dylan runs a literacy program through his nonprofit Young Investors Corp., in partnership with the Boys and Girls Clubs of Los Angeles and Orange County.
Popular topics among its students? Even stocks and cryptocurrency.
“Throughout our five week program some questions arise like what do you think of the CMA (CMA)? What do you think of Bitcoin (BTC-USD)? Dylan said. “Towards the end it turns more to – how do I get my own portfolio of stocks? How can I talk to my parents about opening my own brokerage account?”
Dylan tracks some of today’s most popular stocks like Tesla (TSLA) and Apple (AAPL), and says his own portfolio includes a mix of growth and value stocks.
But with the markets hitting new highs recently, the young investor is showing a cautious tone.
“The injection of money that we currently have into our economy is something that, yes, has allowed us to really receive very good results over the last year,” he said. “But I think potentially for retail traders it’s really getting more weary, especially as we approach next year.”
So far, some 350 students have completed Youth Investor’s financial literacy program. Dylan is currently working on a bill with a member of the local assembly to create a pilot financial literacy program for public and charter schools in California.
“I think something like financial literacy, which is so essential in shaping a young person’s future, is something that should be widely available to everyone,” Dylan said. “Financial literacy… should not be limited by socio-economic status or opportunities. “
Dylan says the growing involvement of young people in markets is not just a fad.
“I really think this dynamic of young people involved in the stock market and the investment world is here to stay in large part because of new technologies and the new type of brokerage firms that really need to create a market.” , did he declare.
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