Are you wondering what to give your kids for the holidays? Just do what John Rogers Jr.’s father did: Buy stocks as gifts. At age 12, Rogers received stocks instead of toys for birthdays and Christmas. This put him on the path to becoming founder of the first African American money management firm in the country’s history. Now, at age 62, he manages billions in assets as the chairman, co-CEO, and chief investment officer of Ariel Investments, and helps others gain access to wealth-building opportunities.
Rogers’s success is not a secret: His father invested in high-quality dividend stocks that rewarded him with income every quarter. Although it may be tempting to chase after the hottest stocks in the market, building your kids a portfolio that includes dividend stocks ensures one thing — a chance to have an extra stream of income flow into their accounts forever, as well as access to valuable money lessons.