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Ian Boyd

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    1. Asked: November 5, 2020In: Communication

      How do I make my 13yr old cultivate the habit of reading?

      Ian Boyd
      Ian Boyd
      Added an answer on November 5, 2020 at 7:05 pm

      The most prevalent characteristic of young non-readers is that they're convinced reading is only what you do in the classroom. Whatever negative feelings they have towards reading for schoolwork will extend to the idea of reading for pleasure. You must have your son understand that these activitiesRead more

      The most prevalent characteristic of young non-readers is that they’re convinced reading is only what you do in the classroom. Whatever negative feelings they have towards reading for schoolwork will extend to the idea of reading for pleasure. You must have your son understand that these activities are entirely different from one another. If you can destroy the idea that reading is a chore, everything else will follow. To convince him that reading is enjoyable, you need to show him different examples of texts. Young adult novels are popular because they’re fun, dramatic, and a very easy read. Make sure that you allow him explore reading on his own. Take him to the library, get him a library card, and let him just browse through whatever catch his fancy.

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    2. Asked: November 5, 2020In: Finance

      How do I know the best time to invest?

      Ian Boyd
      Ian Boyd
      Added an answer on November 5, 2020 at 7:05 pm

      I don’t think timing the market is the right way to approach investing. Your focus should be more on what to invest in, rather than when. Stocks are investments that can only be truly appreciated when you look at it from a long-term perspective. If you look at anything on a daily or monthly or evenRead more

      I don’t think timing the market is the right way to approach investing. Your focus should be more on what to invest in, rather than when. Stocks are investments that can only be truly appreciated when you look at it from a long-term perspective. If you look at anything on a daily or monthly or even yearly basis, it is bound to be volatile. Volatility is the nature of equity markets. My advice will be to look at entering the stock markets when opportunities present themselves, rather than focusing on significant dates or times. The task is the bet on the future potential of a company, based on historical and present-day data. So, the simpler and in many, a sense better way to approach investing in stocks is to take out time to do your own homework and build knowledge about the investment. Equities allow you to take advantage of the power of compounding, which grows your wealth exponentially. So, I would suggest, instead of focusing on getting your timing right, which is nearly an impossible task, focus on choosing good quality stocks, and then stay invested at least for a period of 10-15 years. In that way, you will have a higher chance of being successful.

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