Chicago teens succeed in investing in the stock market

Chicago teens succeed by investing in the stock market
Getting into the stock market can be a daunting task for most adults, but a group of teenagers on Chicago’s northwest side are figuring it all out and finding some success.
CHICAGO – Getting into the stock market can be a daunting task for most adults, but a group of teenagers on Chicago’s northwest side are figuring it all out and finding some success.
They have invested in over 30 companies including Apple, Amazon, Nike and Chipotle.
Their best performance is Tesla.
They bought it years ago at $41 a share. The current market value is close to $800 per share, which represents an 1,800% gain for them.
“I was like whoa – this is crazy, I didn’t think it would happen this fast,” Mario Davis said.
The boys have been investing since 2012 – when they were just six and seven years old – through a deposit account run by their parents.
“So, so proud. I can’t believe it’s been 10 years,” said Mario’s mother, Leslie Davis.
“As little kids, we obviously didn’t have all the stock information, but we knew what we liked, we knew our interests,” Wesley Williams said.
Seven families contribute only $50 per month.
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“Once they got it, we backed off a bit, and now they’re pretty much having their own meetings,” Mario Davis, Sr. said. we don’t get any.”
At just 16 and 17, the teenagers’ pocketbooks are valued in six figures, but their mission goes beyond financial gain.
“We don’t have a monetary or financial target,” Micah Askew said. “We just want to be the best version of ourselves.”
Noah Gills says it’s a different account of the up-and-coming black man from Chicago.
“We’re usually on the streets like ganging up and killing each other, like doing drugs and everything, but seeing like a young bunch of black people investing, wearing suits, succeeding, it shows we’re not what people think we are, we are more than that,” Gills said.