Showing posts with label Damon Williams. Show all posts
Showing posts with label Damon Williams. Show all posts

14 Year Old Investor Already Worth 50k

By age 14, Damon Williams has built a portfolio worth $50,000, knows blue chips like most kids know potato chips and saves more than he spends. Is this Chicago teen an investing freak of nature? Quite likely. Even so, most of us could learn a thing or two from him.
Damon was just 5 years old when he bought his first share of Nike stock, and his story is a perfect illustration of one of the lesser-known applications of the phrase “time is money.” In this case, the longer you’re able to keep your money in the market, the more likely you are to make big bucks investing in stocks. Damon’s smart use of his Christmas-present cash demonstrates a few of the many reasons this is true:

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