What can we buy a minor now in their name that will appreciate in value?
- Thread starter yasky777
- Start date
Get a credit card, put him on the account, you manage it, he’ll start off with 850.
Airline Stock.
So the answer is to give another nigga money and hope it grows?
Pretty much nothing that they're gonna appreciate now, lol.
Few hundred bucks of silver eagles has a good chance of appreciating...although you did say buy it in his name, so that may not be what you are wanting.
Few hundred bucks of silver eagles has a good chance of appreciating...although you did say buy it in his name, so that may not be what you are wanting.
I have a custodial account on stash (stocks) for my son.
MM, This is what I’m leaning towards.
Thank y’all for the advice, I’m trying to buy it and remove it from my mind for 11 years. Add to it biweekly if possible.
Op what about Assets? Or u speaking generally investments and other forms of cac assistance things u claim as “value”
yup I get paid weekly since she was born. I put $5 bucks a week. Which gave her $260 that first year. Each year I raised it up $5 bucks. She’s now 14, kid got more money than her mother in her account. Then she add her birthday/Christmas money into as well.
Bonds were good when our dollar was good. Now our dollar is week and it’s doesn’t multiply as before. I googled that exact thing.
I like this idea. I may have to borrow it.
Open a account and put some money in it.. than convince his parents to put $25 a piece in it every 2 weeks until he turn 18.. than when he’s that age tell him that money is to invest in his future whether entrepreneurship, getting certain licenses, taking some classes, investing
the breakdown
$25 bi weekly =$50 a month .. which is $600 a yr per parent.. in 8 yrs that $600 per yr would be $4,800 per parent... if both parents do this.. that’s $9,600.. close to $10,000 to flip or invest.. now if the parents are able to put at least $50 per parent bi-weekly the number doubles by the time he’s 18 which would be $19,200 to invest/flip
the breakdown
$25 bi weekly =$50 a month .. which is $600 a yr per parent.. in 8 yrs that $600 per yr would be $4,800 per parent... if both parents do this.. that’s $9,600.. close to $10,000 to flip or invest.. now if the parents are able to put at least $50 per parent bi-weekly the number doubles by the time he’s 18 which would be $19,200 to invest/flip
Assets are cool, what are you thinking of? Gold Silver?
It’s just me doing this his Mom would fuck it up. There is a specific reason why I didn’t marry his mother.
this
Well $25 bi- week or $50 which ever 1 you can afford.. just know that your kid future is on the line so sacrifices shall be made.. kid future or that bottle of Henny ( choose the kid and keep putting bread in that bank account no matter what)
I opened a prepaid college plan for a niece and nephew. https://www.myfloridaprepaid.com/prepaid-plans/
You not only get to help them get ahead with the $ but you are planting the seed that you expect for them to go to school.
You not only get to help them get ahead with the $ but you are planting the seed that you expect for them to go to school.
That’s solid, and actually makes sense. He loves in Florida now his maternal side is in Winter Gardens OrlandoI opened a prepaid college plan for a niece and nephew. https://www.myfloridaprepaid.com/prepaid-plans/
You not only get to help them get ahead with the $ but you are planting the seed that you expect for them to go to school.
Dang I was putting 100 a month aside for him that way his age would be the equivalent of how much he has maybe I should cut back.
529 Plan (if college is their thing). UTMA/UGMA accounts.
Thats good as well.. be surprise how it add up.
Better than cruise lines?
Agreed. I recall my grandma doing that a number of times back in the day with CSBs (Canada Savings Bonds). They had 10-year maturities and she did that a few times for us kids ... would surprise us and say "this is coming due next year - make sure you redeem it"
Interest rates were way better back then. She did that with GICs too. Those were typically 3-year maturities.
Helped out her kids & grandkids.