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Students don’t need to graduate to start earning

 

Students don’t need to graduate to start earning



 

Several teenage students in the UAE have proven time and time again that they don't wait until high school or college or even get a well-paid job to start making money. While students regularly follow their curriculum and predominantly theoretical courses or grades when it comes to making money in practice or in the stock market, there is a growing trend with many mastering the ropes, risking going out - and success. REVISE SUCCESS STORY IN DUBAI A 14-year-old Indian boy in Dubai has converted his savings of around AED 5,000 to around AED 165,000. Aadi Verma, a 10th grade student at Jumeirah English-speaking Arab Ranches, read about the stock exchange and dabbled in small sums at first. After some success, he went for broke during the stock market crash in March, seeing it as an opportunity to buy stocks below market prices. Buying and selling shares on US stock exchanges, in addition to a few in the Chinese market, he now has a portfolio of around AED 165,000, with investments also in cryptocurrencies. At first, the student was in the habit of dealing mainly with small stocks - stocks that are typically less than $ 5 (AED 18) in value, but can rise sharply - or plummet. As his earnings skyrocketed, he changed his strategy, opting for more stable, more expensive and progressively higher growth stocks. He has invested in more than 40 companies, including big names like Amazon, Google, Apple, Tesla, Microsoft, Facebook and Boeing, as well as lesser known companies like Beyond Meat and those that went public recently. But what motivated many others like Aadi to make money in the first place, and how are various government and other private initiatives in the UAE promoting financial literacy among young people? Motivation factor? Parents play an important role in shaping the financial behavior and attitudes of children towards money. Many teenagers look to their parents to set the right example in financial management.