Best investment for a kid? - Printable Version

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Best investment for a kid? - Vacancier Permanent - 07-18-2012

Guys,
I'd need some feedback from the financial guys in here. What would be the best long term investment for a new born kid? An RESP or a mutual fund/investment account with a bank/brokerage firm? Time frame for this investment would be till the kid turns 18. I'd like some unbiased feedback from experienced guys here before contacting banks/investment firms.

Very much appreciated guys,

Cheers.

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Best investment for a kid? - kdolo - 07-21-2012

1. a blue chip Asian company: China, Taiwan, Thai, Korea, - even Australia
the trend for the next 20 years is Asia and affiliated economies.

2. collectibles: art, antiques, coins,
-the best asset class by far - but need to be patient, but 18 years is perfect time horizon and pay a pretty penny up front

3. Land: in/near major urban area or agricultural land:
-only problem: taxes (and insurance) - but perfect for 18 year time line

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Best investment for a kid? - ElJefe - 07-22-2012

VP did you get some chick pregnant?

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Best investment for a kid? - Divorco - 07-22-2012

Quote: (07-18-2012 07:54 PM)Vacancier Permanent Wrote:  

What would be the best long term investment for a new born kid?

Vaccinations.

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Best investment for a kid? - Architekt - 07-22-2012

Quote: (07-22-2012 09:39 AM)ElJefe Wrote:  

VP did you get some chick pregnant?

Wondering the same thing.. Why the sudden interest?

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Best investment for a kid? - Vicious - 07-22-2012

Quote: (07-18-2012 07:54 PM)Vacancier Permanent Wrote:  

Guys,
I'd need some feedback from the financial guys in here. What would be the best long term investment for a new born kid? An RESP or a mutual fund/investment account with a bank/brokerage firm? Time frame for this investment would be till the kid turns 18. I'd like some unbiased feedback from experienced guys here before contacting banks/investment firms.

Very much appreciated guys,

Cheers.

What's your objective? College fund or just extra spending money?

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Best investment for a kid? - Sourcecode - 08-09-2012

How are bonds doing now?

My parents gave me a a big brown envelope with thousands of dollars in bonds when I graduated highschool.
They told me,theres more where that came from when I finish college.

I have no idea if bonds are worth it now days...but it might be a decent investment,to hold money and keep it stable for longterm

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Best investment for a kid? - Hannibal - 08-09-2012

I was going to say a quality mother, but then I saw that this was a financial thread.

I'd say a couple thousand dollars (or more) in an IRA account that the kid doesn't know about until he's 35.

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Best investment for a kid? - Beyond Borders - 08-09-2012

Quote: (07-22-2012 11:37 AM)Architekt Wrote:  

Quote: (07-22-2012 09:39 AM)ElJefe Wrote:  

VP did you get some chick pregnant?

Wondering the same thing.. Why the sudden interest?

haha Fess up, VP!

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Best investment for a kid? - Vacancier Permanent - 08-09-2012

Thanks everyone for the feedback.
No it's not my own, but my niece, my first niece and she is the most adorable thing ever!
I opened an RESP for her and will also open an investment account for her at a later date.

Thanks again guys!

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Best investment for a kid? - AntiTrace - 08-09-2012

invest in TKECF (buy on the japanese market, 9501). the company that runs the nuclear plant that got owned by the japanese tsunami. Total disaster play that I would guess would be at least 5x current price in 3-5 years.

in 18 years they will be without a doubt profitable again, and will have reinstated the dividends.

Other than that, go with what others said and go with a BRIC blue chip that offers dividends.

or how about this: your a businessman so give her a percentage of your company. I just updated my will giving 5% shares to my niece. Not much an awful much now, but it could be in the future.

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