Home Forums Hunting & Shooting Hunter's Campfire I have $500 to invest

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.

Congrats on the kid, I haven't been following the forum much lately & didn't know...maybe invest in Spano's winery???

Ruger stock, look at the ten year results. clicky here

Actually you should be taking much more risk, now, looking for growth, not dividends.

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?

PM. We will kill the Chinese one cigarette at a time.

Might take a look at your state's 529 plans.

I would look for a good double action Colt with some good condition in 22 LR or 357 caliber about 40-50 years old...

Oh, and set it up as a UTMA and you will control it until she is 21, not 18.

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.

^^^^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.

Yep.

Vanguard Mid-Cap Value Index fund. Buy and let it ride.

ewms----you beat me to it.

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.

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...

and buy high? How can they produce or profit more?

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.

I agree.