Buy some Apple or Walmart stock. Or wait for Facebook.ernest_t_bass;1088334 wrote:I have between $2500-$3000 already saved between the two.
Id say the best days of facebook are behind it, unless they tap into China.thedynasty1998;1088351 wrote:Buy some Apple or Walmart stock. Or wait for Facebook.
THE4RINGZ;1088364 wrote:Let Apple split from the $500 range and hop on that bitch.
what makes you say that?j_crazy;1088353 wrote:Kog. It's like 9 bucks. But it will be 40 in 2 years. I'm throwing all my spare money at it. Seriously.
Farm land is where it's at.THE4RINGZ;1088347 wrote:Land. As in real estate.
This. We do this for our daughter.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.
Why do you say that? It's just starting to tap into its potential. Imagine a day where bank accounts, music, shopping, message boards and everything else you use the internet for is accessible from Facebook.com. It's a matter of opinion, but I think Facebook is nowhere near its potential.Pick6;1088361 wrote:Id say the best days of facebook are behind it, unless they tap into China.
Who assumes an 8% return?McFly1955;1088387 wrote:This. We do this for our daughter.
Another option is to contribute to a Roth IRA (in your name). When the time comes if you need some cash for a wedding or whatever, you can take out the contributions penalty/tax free (since it has already been taxed once).
I just started maxing out a Roth ($5,000/yr) --- and according to an investment calculator I just used ---
Max Roth for next 17 years (my daughter is 1), there will be around $85,000 I can take if needed with no penalties, but the value of the account assuming avg 8% return = $192,000 ---- chaching.
That will only get them around $250,000 - $275,000 in today's dollars when they are 65.password;1088383 wrote:What you need to do is keep saving your money then when they turn 15, invest $5000.00 in a Roth for each of them and they will never have to worry about retirement.
McFly1955;1088387 wrote:This. We do this for our daughter.
Another option is to contribute to a Roth IRA (in your name). When the time comes if you need some cash for a wedding or whatever, you can take out the contributions penalty/tax free (since it has already been taxed once).
I just started maxing out a Roth ($5,000/yr) --- and according to an investment calculator I just used ---
Max Roth for next 17 years (my daughter is 1), there will be around $85,000 I can take if needed with no penalties, but the value of the account assuming avg 8% return = $192,000 ---- chaching.
How do you make too much for a Roth?j_crazy;1088402 wrote:Don't know about the op, but I make too much to start a roth. 529 is a good choice too. But KOG is still my advice.
thedynasty1998;1088405 wrote:How do you make too much for a Roth?
I deleted my post, wasn't thinking.j_crazy;1088407 wrote:My job pays too much?
It's been a few years, but when I was in investment sales that seemed to be the most common ROR assumption, probably for the benefit of the fund companies... Nobody knows, it's just a starting point. Everyone should obviously make the assumptions they are comfortable with, some might use 10% and feel OK with that, some might only use 3-5%.thedynasty1998;1088395 wrote:Who assumes an 8% return?
I only put in $600/year.McFly1955;1088387 wrote:This. We do this for our daughter.
Another option is to contribute to a Roth IRA (in your name). When the time comes if you need some cash for a wedding or whatever, you can take out the contributions penalty/tax free (since it has already been taxed once).
I just started maxing out a Roth ($5,000/yr) --- and according to an investment calculator I just used ---
Max Roth for next 17 years (my daughter is 1), there will be around $85,000 I can take if needed with no penalties, but the value of the account assuming avg 8% return = $192,000 ---- chaching.
For a one time investment of $5000.00, that is not a bad gift to give your kids.McFly1955;1088397 wrote:That will only get them around $250,000 - $275,000 in today's dollars when they are 65.
password;1088432 wrote:For a one time investment of $5000.00, that is not a bad gift to give your kids.
