FatHobbit;1087881 wrote:Lottery tickets?

FatHobbit;1087881 wrote:Lottery tickets?

ernest_t_bass;1087873 wrote:Looking for advice from the OC elite (which includes about 99% of the people). I have a savings account set up for both of my children (I guess you can call it, in a sense, a trust fund), where $25 gets direct deposited into each child's account every time I get paid (biweekly). This savings account that I have setup only receives like .01% interest... next to nothing. What are some good (secure) investments that I can make, other than a savings account, that will reap a little greater rewards? One child is 6.5 yrs. old, and the other is almost 2. The EARLIEST we would ever even touch the money is when they are 18.

tl;dr version
What is the most secure long-term (10+ yrs) investment with the greatest potential return?

ernest_t_bass;1087886 wrote:Should I buy the $1, $5, or $10 kind?

Raw Dawgin' it;1087889 wrote:i think you'd be better off calling a place like Fidelity.

Raw Dawgin' it;1087889 wrote:i think you'd be better off calling a place like Fidelity.

Little Danny;1087891 wrote:What do you want the money to do? Fund a college education?

ernest_t_bass;1087898 wrote:My wife and I haven't decided yet. It is either for college or a wedding.

Raw Dawgin' it;1087926 wrote:this is why i pray i don't have girls.

Raw Dawgin' it;1087925 wrote:But you're a guy who puts 50 bucks a month away to an account that gains no interest so this forum might actually help.

ernest_t_bass;1087930 wrote:Not a bad idea, though. Might encourage my daughters to wait to get married. Let's say they get $1000 more/year after they turn 18. You get married young, you get a shit wedding. Be smart, live life, and marry a little later, and you can put a lot more money towards your wedding.

rip34;1088262 wrote:If you are looking at saving for college open a 529 account for both your kids at college advantage.com. the money grows like a Roth Ira as the gains can be used tax free as long as it is spent on education. Plus up to 2000 can be deducted on your Ohio state tax.

ernest_t_bass;1088273 wrote:Only took this long for a solid answer. Thanks!

OneBuckeye;1088304 wrote:From a guy with 32 posts no less. You struck gold!

thedynasty1998;1088317 wrote:ING has online savings accounts that earn like .89%. Not great by any means, but better than the brick and mortar banks.

Just setup an investment account and buy some safe stocks. I usually earn at least 2.5-3% a year.

ernest_t_bass;1088318 wrote:Friend of mine suggested a drip fund with PG stock. In whom do you invest?

WebFire;1088342 wrote:Call Turbo Tax.