Jump to content
View in the app

A better way to browse. Learn more.

Surly Horns

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Best place to put $ 1,000.00 for your kids, long view.

Featured Replies

If I was gonna put $ 1k into some kind of fund or stock or mutual fund or whatever... something my kids couldn't get their grubbies into until age 30 (when, hopefully, the dumbass will have worn off), what would be a good spot so it would grow as best as one could safely hope for?

 

Roxette is 13, Monster is 11.

 

Given those ages, I don't know if it's going to multiply enough to make much of a dent in college funding.

Aaaand... go.

26 minutes ago, Parliament said:

$1k is pocket change. Why even bother "investing" it.

There is this thing call Time Value of Money....

 

S&P500 index & DRIP and forget...  maybe also BRKB

Weed penny stock.

My bank account

Tom Herman national title odds

Shaggy HH with "business execs" who record drunken messages = worth way more than 1k

I would not put any money in Longview.

Invest in a banner?


Sent from my iPhone using Tapatalk

Might be too much, but I knew a guy that was given about that much by his dad, told to learn about investing, and pick some investments around that age. His dad helped of course, but while his brother went flashy, he started reading about warren Buffett and value investing. Ended up getting into investment management as after college and now runs a hedge fund.

That’s probably not your intent (the hedge fund), but I hope to do something like that when my kids are older so they’re more financially literate than I was earlier in my career. It’s a bit different learning about this stuff in your late twenties than understanding investing, time value of money and the market before college. 

I would not put any money in Longview.

I would put $1k into hamburgers from the Butcher Shop.

20 years ago I put like $1K into 2 mutuals each (more in a few others).
Both are now about $5K.  No, not going to afford Harvard Yard dorms, but hey, it helps.
Beyond that for return, about the only thing I'd recommend is a drug cartel.

just watch the fees on mutual funds...

PortfolioValueInvesting100000Over20Years

 

12 hours ago, bigcigar said:

Might be too much, but I knew a guy that was given about that much by his dad, told to learn about investing, and pick some investments around that age. His dad helped of course, but while his brother went flashy, he started reading about warren Buffett and value investing. Ended up getting into investment management as after college and now runs a hedge fund.

That’s probably not your intent (the hedge fund), but I hope to do something like that when my kids are older so they’re more financially literate than I was earlier in my career. It’s a bit different learning about this stuff in your late twenties than understanding investing, time value of money and the market before college. 

That guy's name?

 

Albert Einstein.

21 hours ago, EE2B said:


I would put $1k into hamburgers from the Butcher Shop.

I'd go with Jucy's, but see if I could get the buns that the Butcher Shop uses.

May or may not apply to this discussion but an interesting place to put slices of ultra long term money would be any or all of the Artificial Intelligence / Robotics ETFs.

ROBO, DTEC, BOTZ come to mind.

Now that is interesting.  Get rich before getting slaughtered by a T1000.  

  • 4 weeks later...
On 8/19/2018 at 1:18 PM, pearlandhorn said:

Utah 529. Helps pay for their college.

Only answer

bitcoin obviously

 

but yeah, if it's for college, a 529 would be good.  Set it up and then maybe try to get an autodraft of $25/$50/whatever bucks a month to contribute.

I have a neighbor that’s got a in on a gold mine that he’s taking investments for....

  • Author
14 minutes ago, Hook1997 said:

I have a neighbor that’s got a in on a gold mine that he’s taking investments for....

Is his name Billy?

11 hours ago, ROFL BOX said:

Is his name Billy?

You talking to my neighbor and cutting me out, I’ll cut ya!!!!!  Lol

Edited by Hook1997

HMNY - when it comes back it is going to be awesome
 

Quote

52 Week High / Low

$ 9,714.375 / $ 0.015

 

The 529 with an auto draft of whatever you can afford a month is the way to go if it's for education.
But if you just want to gift your kids something that can grow over 20+ years consider a TUGMA account invested in a blue chip stock with auto dividend reinvestment.
My kid's (now 24) MCD stock has a basis of approximately $6,000 and it's now worth about $60k. We just added around $500 a year to the account and stopped when she was around 13. Not sure I would choose MCD today but and any dividend paying stock of a well run company would do.

You're not going to get high quality hookers and blow for $1k.  well maybe high quality one, but not both.

One-hundred thousand dollars is wealth that needs preserving in an index fund.

One-thousand dollars that you are not going to continue feeding is YOLO money.

Pick an up-and-coming stock like Square (for example) and put it all on black. You could come out with $500,000 in 20 years, or it could be worth $0.

I am still kicking myself for not dropping some money I had into Netflix or Google 15 years ago. I also was considering Sirius at the time, which would have panned out, but not nearly as well.

My YOLO money is on Shopify right now, FWIW.

Disclaimer: I have no idea what I'm doing.

18 hours ago, Red Six said:

One-hundred thousand dollars is wealth that needs preserving in an index fund.

One-thousand dollars that you are not going to continue feeding is YOLO money.

Pick an up-and-coming stock like Square (for example) and put it all on black. You could come out with $500,000 in 20 years, or it could be worth $0.

I am still kicking myself for not dropping some money I had into Netflix or Google 15 years ago. I also was considering Sirius at the time, which would have panned out, but not nearly as well.

My YOLO money is on Shopify right now, FWIW.

Disclaimer: I have no idea what I'm doing.

That's really not bad advice.

If you can add to it on a monthly basis,  go with an index fund or ETF for sure.

If that's all you are going to have for your kids,  why not take a shot.  

Who knows you might pick the next Amazon.  

If you’re going with that strategy (get lucky and pick the next Amazon/Google/etc), you should split it between a few stocks to give yourself a better chance. And if a grand is all you plan to do, then that’s not a terrible strategy. Any “safe” investment isn’t going to do much (averaging 5% return will only put you at ~$2k by the time they’re 30.

  • 2 weeks later...

Pool the money and buy 1 share of Amazon for them to split in 20 years. Heard some financial guy say he thinks it will be a $2 trillion company by 2024. I think it's very unlikely but who the hell knows.

averaging 5% return will only put you at ~$2k by the time they’re 30.


Do you even compound interest bro?
On 8/19/2018 at 4:18 PM, pearlandhorn said:

Utah 529. Helps pay for their college.

Came here to say this (I have one for my 1 year old), but with a teenager, I dunno if you'd get the bang for your buck in this case, unless it was for your grandkids (529s can be transferred). 

On 10/8/2018 at 10:20 AM, luke duke said:

 


Do you even compound interest bro?

 

There's not technically compound interest with stocks. You can practically get compound interest with a high dividend stock. Otherwise, I'm not sure if there's an investment vehicle that is giving 5% annual returns right now, but maybe there is since the rose in interest rates (I haven't even bothered looking at rates in line 5 years)

On 8/19/2018 at 9:20 AM, UTPhil2006 said:

Tom Herman national title odds

I think Vegas had Texas at 50:1 at one point. That seems like a decent bet in hindsight, now that there is an outside path to the playoffs two months later.

$1k -> $50k in 6 months.

Edited by Guest

11 hours ago, OatmealRaisinCookie said:

I think Vegas had Texas at 50:1 at one point. That seems like a decent bet in hindsight, now that there is an outside path to the playoffs two months later.

$1k -> $50k in 6 months.

See?

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.