|
Joined: Sep 2003
Posts: 23,579 Likes: 23
Campfire Ranger
|
OP
Campfire Ranger
Joined: Sep 2003
Posts: 23,579 Likes: 23 |
My newborn daughter received some gifts at birth. Have $500 to invest. Planning on a stick and stay, make it pay approach, with dividends reinvested. I'll be adding monthly to her brokerage account, as well has adding her AK dividends (about 1k a year) to it.
Any suggestions? Costs $7.95 a trade, and I don't plan on selling. It'll be under my care for 18 years.
|
|
|
|
Joined: Jun 2007
Posts: 14,370
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2007
Posts: 14,370 |
Congrats on the kid, I haven't been following the forum much lately & didn't know...maybe invest in Spano's winery???
Last edited by Middlefork_Miner; 05/03/13.
|
|
|
|
Joined: Jun 2004
Posts: 16,740
Campfire Ranger
|
Campfire Ranger
Joined: Jun 2004
Posts: 16,740 |
Ruger stock, look at the ten year results. clicky here
A government is the most dangerous threat to man�s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims.
|
|
|
|
Joined: Jul 2011
Posts: 11,084 Likes: 1
Campfire Outfitter
|
Campfire Outfitter
Joined: Jul 2011
Posts: 11,084 Likes: 1 |
My newborn daughter received some gifts at birth. Have $500 to invest. Planning on a stick and stay, make it pay approach, with dividends reinvested. I'll be adding monthly to her brokerage account, as well has adding her AK dividends (about 1k a year) to it.
Any suggestions? Costs $7.95 a trade, and I don't plan on selling. It'll be under my care for 18 years. Actually you should be taking much more risk, now, looking for growth, not dividends.
"There's more to optics than meets the eye."--anon
"...most of us would be better off losing half a pound around the waist than half a pound on our rifle."--dhg
|
|
|
|
Joined: Dec 2006
Posts: 52,680
Campfire Kahuna
|
Campfire Kahuna
Joined: Dec 2006
Posts: 52,680 |
Calvin I am pretty conservative and believe the market is artificially supported right now. I would try to find and interest bearing account until we see what happens in the next couple of years...then maybe look at other options?
Liberalism is a mental disorder that leads to social disease.
|
|
|
|
Joined: Oct 2002
Posts: 10,015 Likes: 4
Campfire Outfitter
|
Campfire Outfitter
Joined: Oct 2002
Posts: 10,015 Likes: 4 |
PM. We will kill the Chinese one cigarette at a time.
|
|
|
|
Joined: Sep 2012
Posts: 2,632 Likes: 3
Campfire Regular
|
Campfire Regular
Joined: Sep 2012
Posts: 2,632 Likes: 3 |
Might take a look at your state's 529 plans.
|
|
|
|
Joined: Jun 2007
Posts: 24,716 Likes: 48
Campfire Ranger
|
Campfire Ranger
Joined: Jun 2007
Posts: 24,716 Likes: 48 |
I would look for a good double action Colt with some good condition in 22 LR or 357 caliber about 40-50 years old...
|
|
|
|
Joined: Oct 2002
Posts: 10,015 Likes: 4
Campfire Outfitter
|
Campfire Outfitter
Joined: Oct 2002
Posts: 10,015 Likes: 4 |
Oh, and set it up as a UTMA and you will control it until she is 21, not 18.
|
|
|
|
Joined: Nov 2011
Posts: 31,250 Likes: 12
Campfire 'Bwana
|
Campfire 'Bwana
Joined: Nov 2011
Posts: 31,250 Likes: 12 |
No load, no transaction fee, no 12-b-1 fee, low AOR mutual funds. Pick a solid fund family, and a fund consistent with you goals, objectives and time frame, BUT DO NOT UNDER ANY CIRCUMSTANCES CHASE PERFORMANCE. All performance numbers are someone else's past performance, not your future performance.
I belive Vanguard and T Rowe Price still offer Custodian accounts for a $500.00 minimum.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
|
|
|
|
Joined: Jan 2013
Posts: 2,675
Campfire Regular
|
Campfire Regular
Joined: Jan 2013
Posts: 2,675 |
I would look for a good double action Colt with some good condition in 22 LR or 357 caliber about 40-50 years old... ^^^^This. I did the same for my 3 boys about 7 years ago, they each had $400 to invest from gifts and I bought a NIB Colt Python Silhouette in the fitted case with all the goodies for $1,100. If I had to guess I would say it would sell for $3K-$4K now and they are all still young so we'll hang onto it for a while. Double action Colts are better than money in the bank.
A government, to afford the needful protection and exercise proper care for the welfare of a people, must have homogeneity in its constituents.
-Jefferson Davis
|
|
|
|
Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
|
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
|
|
|
|
Joined: Feb 2011
Posts: 26,389 Likes: 6
Campfire Ranger
|
Campfire Ranger
Joined: Feb 2011
Posts: 26,389 Likes: 6 |
|
|
|
|
Joined: Oct 2011
Posts: 150
Campfire Member
|
Campfire Member
Joined: Oct 2011
Posts: 150 |
Vanguard Mid-Cap Value Index fund. Buy and let it ride.
|
|
|
|
Joined: Aug 2005
Posts: 4,689
Campfire Tracker
|
Campfire Tracker
Joined: Aug 2005
Posts: 4,689 |
ewms----you beat me to it.
|
|
|
|
Joined: Oct 2011
Posts: 150
Campfire Member
|
Campfire Member
Joined: Oct 2011
Posts: 150 |
Physical metals are fun to hold and possess but in all reality you have to hold enough long enough to triple or quadruple purchase price to make any real money IMOP because of the up charge in purchase price and then real price you'll get on sale.
|
|
|
|
Joined: Jun 2007
Posts: 14,370
Campfire Outfitter
|
Campfire Outfitter
Joined: Jun 2007
Posts: 14,370 |
The only problem there is that gold is really inflated right now. Add to the fact that those aren't really gold coins with any value other than gold content & they're a bust...The only reason gold is where it's at now is because of the world economy. If there comes a time when food/fuel are scarce, good luck with trying to get your money back or trying to buy groceries with those coins...
|
|
|
|
Joined: Mar 2011
Posts: 33,856
Campfire 'Bwana
|
Campfire 'Bwana
Joined: Mar 2011
Posts: 33,856 |
and buy high? How can they produce or profit more?
The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.
If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
|
|
|
|
Joined: Dec 2011
Posts: 2,137
Campfire Regular
|
Campfire Regular
Joined: Dec 2011
Posts: 2,137 |
What's a whole-life insurance policy run on a newborn these days? I'd be looking in that direction, based on what you've said.
|
|
|
|
Joined: Apr 2011
Posts: 4,875 Likes: 1
Campfire Tracker
|
Campfire Tracker
Joined: Apr 2011
Posts: 4,875 Likes: 1 |
No load, no transaction fee, no 12-b-1 fee, low AOR mutual funds. Pick a solid fund family, and a fund consistent with you goals, objectives and time frame, BUT DO NOT UNDER ANY CIRCUMSTANCES CHASE PERFORMANCE. All performance numbers are someone else's past performance, not your future performance.
I belive Vanguard and T Rowe Price still offer Custodian accounts for a $500.00 minimum. I agree.
For even when we were with you, we gave you this rule: "If a man will not work, he shall not eat."
2 Thessalonians 3:10
|
|
|
|
594 members (1badf350, 10gaugemag, 10Glocks, 01Foreman400, 160user, 06hunter59, 63 invisible),
18,678
guests, and
1,269
robots. |
Key:
Admin,
Global Mod,
Mod
|
|
Forums81
Topics1,194,970
Posts18,539,871
Members74,052
|
Most Online20,796 04:44 PM
|
|
|
|