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Joined: Jan 2010
Posts: 23,571 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Jan 2010
Posts: 23,571 Likes: 2 |
I'd get walnut...don't like those synthetics
have you paid your dues, can you moan the blues, can you bend them guitar strings
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
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... Yeah,...I've heard all of that too. The big central banks have tons of the stuff,..and they don't lose money. http://www.bloomberg.com/news/2013-...-buying-most-since-1964-commodities.html
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Joined: Jun 2007
Posts: 14,370
Campfire Outfitter
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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... Yeah,...I've heard all of that too. http://www.bloomberg.com/news/2013-...-buying-most-since-1964-commodities.html Bloomberg huh??? Does he maybe suggest artificial sweeteners???
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
I made a suggestion.
Do what you want.
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Joined: Oct 2002
Posts: 10,007 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2002
Posts: 10,007 Likes: 3 |
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. Why insure the kid? Whole life builds up a modicum of cash value (variable universal life would be better), but the portion of the premium that is allocated to the insurance policy is just wasted as far as savings is concerned. The fact that you may borrow against the policy tax free is pointless since so much of the earnings would end up being tax free due to the kiddie tax rules for quite a while.
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Joined: Jan 2005
Posts: 22,884
Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
Posts: 22,884 |
Vanguard funds is where its at.
Just get one of their life funds, and let it ride.
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Joined: Nov 2002
Posts: 33,766 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,766 Likes: 7 |
I would put it in a life fund (say year 2030) as noted above though I prefer Fidelity over Vanguard.
Conduct is the best proof of character.
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Joined: Dec 2011
Posts: 2,137
Campfire Regular
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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. Why insure the kid? Whole life builds up a modicum of cash value (variable universal life would be better), but the portion of the premium that is allocated to the insurance policy is just wasted as far as savings is concerned. The fact that you may borrow against the policy tax free is pointless since so much of the earnings would end up being tax free due to the kiddie tax rules for quite a while. My parents did it for me when I was very young and I am pleased with the annual statements that come in the mail. The annual cash value pays the premiums and builds value each year.
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Joined: Feb 2008
Posts: 13,606
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2008
Posts: 13,606 |
Beware of any old man in a profession where one usually dies young.
Calm seas don't make sailors.
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Joined: Jun 2005
Posts: 13,234
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2005
Posts: 13,234 |
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Joined: Jul 2007
Posts: 8,205
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2007
Posts: 8,205 |
Get a good advisor. Ignore mutual funds. They under performed for me. The advisor we've had for the last 4 years has reliably increased the value of our portfolio by carefully selecting stocks that are undervalued and pay dividends. Our portfolio out performs the markets. I often wonder what the portfolio would look like if I'd had him since I started investing, rather than all those wasted years in mutual funds.
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Joined: Sep 2003
Posts: 23,509 Likes: 11
Campfire Ranger
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OP
Campfire Ranger
Joined: Sep 2003
Posts: 23,509 Likes: 11 |
Thinking about it. Everything is super high right now, but if I reininvest dividends, ride out an 18 year ups and downs, todays prices might be cheap, or expensive in 18 years. Who knows. I'm sure dividends will be reinvested cheaper than the current price.
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Joined: Sep 2003
Posts: 23,509 Likes: 11
Campfire Ranger
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OP
Campfire Ranger
Joined: Sep 2003
Posts: 23,509 Likes: 11 |
Get a good advisor. Ignore mutual funds. They under performed for me. The advisor we've had for the last 4 years has reliably increased the value of our portfolio by carefully selecting stocks that are undervalued and pay dividends. Our portfolio out performs the markets. I often wonder what the portfolio would look like if I'd had him since I started investing, rather than all those wasted years in mutual funds. I hate mutual funds.
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Joined: Sep 2003
Posts: 23,509 Likes: 11
Campfire Ranger
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OP
Campfire Ranger
Joined: Sep 2003
Posts: 23,509 Likes: 11 |
That was a buy at 42. I did..(grin)
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Joined: Oct 2004
Posts: 23,374 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 23,374 Likes: 2 |
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. Calvin Be smart. Nothing out performs index funds over time. You win every time, no maybe. If you want to be aggressive, then go to Las Vegas, otherwise do the index fund. http://www.fool.com/mutualfunds/indexfunds/indexfunds01.htm
"The Democrat Party looks like Titanic survivors. Partying and celebrating one moment, and huddled in lifeboats freezing the next". Hatari 2017
"Hokey religions and ancient weapons are no match for a good blaster at your side, kid." Han Solo
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Joined: Apr 2009
Posts: 14
New Member
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New Member
Joined: Apr 2009
Posts: 14 |
Consider planting some walnut trees, if you or family members have a suitable place where you can control access...
The initial investment is low, maintenance is cheap, and the ROI is phenomenal if you let the investment mature properly over 25 to 30 years...
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Joined: Feb 2002
Posts: 32,044
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2002
Posts: 32,044 |
Life Membership to the NRA for a start
A Doe walks out of the woods today and says, that is the last time I'm going to do that for Two Bucks.
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Joined: Mar 2003
Posts: 8,423
Campfire Kahuna Emeritus & Campfire Outfitter
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Campfire Kahuna Emeritus & Campfire Outfitter
Joined: Mar 2003
Posts: 8,423 |
"God Loves Each Of Us As If There Were Only One Of Us" Saint Augustine of Hippo - AD 397
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Joined: Feb 2002
Posts: 32,044
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2002
Posts: 32,044 |
Costco is to anti gun for me to ever invest in them and support their take your guns agenda. I don't need money that bad.
A Doe walks out of the woods today and says, that is the last time I'm going to do that for Two Bucks.
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Joined: Mar 2003
Posts: 8,423
Campfire Kahuna Emeritus & Campfire Outfitter
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Campfire Kahuna Emeritus & Campfire Outfitter
Joined: Mar 2003
Posts: 8,423 |
Costco is to anti gun for me to ever invest in them and support their take your guns agenda. I don't need money that bad. No problem. A guy's gotta do what a guy's gotta do. The question was where to put the money for safety and relatively decent return on your investment. If you add anti-gun/pro-gun into that mixture, it is likely that the $500 will sit in the gun safe. Happy landings with that I wrote more very good stocks just now but deleted it. Prolly wouldn't make the grade. I apologize for making you angry. Blessings, Steve
"God Loves Each Of Us As If There Were Only One Of Us" Saint Augustine of Hippo - AD 397
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