Children are 10 and 8, and wanted to introduce them to stock ownership.

Has anyone had parrticular success in using a certain approach, toolset, or other?

Any gotchas? have them spend their allowance on at least some of it, or have it bought for them?

Help them pick the stock, or have them come up with one they're passionate about on their own?

All input is helpful.  Part of a New Year's Resolutions to get them involved.

Thanks.

Our club originally included 2 children, at the time 7 & 10.  We created and imaginary town and had the members play roles in town (banker, store owner, mayor, etc),  We then would create situations where the kids could learn through different created lessons.  One time, we even wanted to teach about financial support for missionaries, so we made a "plane flight" to the missionary village to help them learn.  We wrapped in allowances as well as putting imaginary monies into the bank aswell as the stock market and followed the progress.  Of course, mixing in games was fun for both adults as well as kids.  Although we did not go to the "town" each meeting, when we did, we would announce it to the kids.  They loved it and really looked forward to it.  The sky is the limit - just use your imagination.