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What's the best investment for a newborn?
His Parents | 2/22/2008 | Me

Posted on 02/22/2008 9:15:01 AM PST by the_devils_advocate_666

On February 10th The Devils Advocate Jr. came into the world as a healthy 9lb baby boy, the first child of his proud parents. He has been fortunate enough to have received a few hundred dollars in gifts from his friends and relatives.

Now I'm wondering what is the best option for investing his little nest egg to provide the best return in about 18 years. Certainly there's something out there better than a savings account.


TOPICS: Your Opinion/Questions
KEYWORDS: child; future; money; savings
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And of course I'm going to show off a picture of the little man...


1 posted on 02/22/2008 9:15:02 AM PST by the_devils_advocate_666
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To: the_devils_advocate_666

Oil rights in ANWR.


2 posted on 02/22/2008 9:16:11 AM PST by AbeKrieger (There is a special place in Hell for Lyndon Johnson.)
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To: the_devils_advocate_666

US Savings Bonds have done OK for us.


3 posted on 02/22/2008 9:16:25 AM PST by Hazwaste (Vote! Vote for the conservative local, state, and national candidates of your choice, but VOTE!)
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To: the_devils_advocate_666

9 lbs?? How about an ice pack for your wife?


4 posted on 02/22/2008 9:16:50 AM PST by LongElegantLegs (Kill them with kindness, then taser them for fun.)
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To: the_devils_advocate_666

Oh, and congratulations!


5 posted on 02/22/2008 9:16:59 AM PST by Hazwaste (Vote! Vote for the conservative local, state, and national candidates of your choice, but VOTE!)
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To: the_devils_advocate_666

Congratulations!!!!

The magic of compound interest from an early age...:)

That is the best investment!


6 posted on 02/22/2008 9:17:02 AM PST by rlmorel (Liberals: If the Truth would help them, they would use it.)
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To: LongElegantLegs

ROTFLMAO!


7 posted on 02/22/2008 9:17:24 AM PST by rlmorel (Liberals: If the Truth would help them, they would use it.)
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To: the_devils_advocate_666

And he’s ADORABLE, btw.


8 posted on 02/22/2008 9:17:27 AM PST by LongElegantLegs (Kill them with kindness, then taser them for fun.)
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Comment #9 Removed by Moderator

To: the_devils_advocate_666
Congratulations!

Psalms 127:3
Lo, children are an heritage of the LORD:
and the fruit of the womb is his reward.

10 posted on 02/22/2008 9:17:36 AM PST by Howdy there ("Was the Queen pouring Earl Grey from her Netti Pot?")
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To: the_devils_advocate_666

A good mutual fund that been around for a long time with superb management....or...a 529 plan to save for college. Virginia has the best one, but you don’t need to be in Virginia to invest in it. There are many, many advantages to a 529 plan. It’s a bit of a paper chase but worth it.

But the best investment I ever found for a client was one that he/she brought with him/her: A rich family!


11 posted on 02/22/2008 9:17:53 AM PST by RexBeach ("Americans never quit." Douglas MacArthur)
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To: LongElegantLegs

There’s a fancy medical term for it, but yeah, he basically tore her a new one...


12 posted on 02/22/2008 9:18:05 AM PST by the_devils_advocate_666
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To: the_devils_advocate_666

Congrats!

A 529 College Savings Plan wouldn’t be a bad move.


13 posted on 02/22/2008 9:18:19 AM PST by day10 (Rules cannot substitute for character.)
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To: the_devils_advocate_666

Congrats & he is just too cute!


14 posted on 02/22/2008 9:18:54 AM PST by pandoraou812 (Out, damned spot......OUT)
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To: the_devils_advocate_666

Time


15 posted on 02/22/2008 9:18:54 AM PST by jwalburg (Gullible warming protesters are self-extinguishing)
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To: the_devils_advocate_666

carbon credits


16 posted on 02/22/2008 9:19:05 AM PST by Kirkwood
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To: the_devils_advocate_666

Congrats!

Ammo (5.56mm, 9mm, 7.62x39), gold and toilet paper are all good investments these days.


17 posted on 02/22/2008 9:19:14 AM PST by ajwharton
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To: the_devils_advocate_666

A rich girlfriend?


18 posted on 02/22/2008 9:19:16 AM PST by varon (Allegiance to the constitution, always. Allegiance to a political party, never.)
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To: the_devils_advocate_666

Cute young tyke. Congrats.

One share of GOOG.


19 posted on 02/22/2008 9:19:18 AM PST by angkor
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To: Hazwaste

What kind of rate do you get on savings bonds?


20 posted on 02/22/2008 9:19:20 AM PST by the_devils_advocate_666
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To: the_devils_advocate_666

What we’ve done so far are savings accounts. We opened one for her right away with Navy Federal, since I’ve banked with them since I was 2!

But we also opened and ING account and transfer $25/month plus money whenever my husband gets bonuses. It pays 3.4% interest.

We really should do one of those college savings accounts (my parents have started one for her), but we haven’t yet.


21 posted on 02/22/2008 9:19:29 AM PST by elc
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To: the_devils_advocate_666

Congratulations! Tax-free mutual fund—like one that invests in municipal funds.


22 posted on 02/22/2008 9:19:35 AM PST by DallasDeb ((a.k.a. USAFA2006Mom!))
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To: the_devils_advocate_666

Over the long term stocks will beat everything else, most of the time.

A Total Stock Market Index fund, with low fees such as one from Vanguard, would be good. I think the minimum intitial investment, however, is 1 or 2 grand.

Get the latest edition “A Random Walk Down Wall Street” by Burton Malkiel.


23 posted on 02/22/2008 9:19:41 AM PST by Strategerist
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To: the_devils_advocate_666

Ammo...


24 posted on 02/22/2008 9:20:00 AM PST by null and void (The less you know, the better Hillary looks.)
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To: the_devils_advocate_666

First, I would buy him a lifetime membership into the NRA.
Second, if possible, place cash into a ROTH IRA or 529 plan.


25 posted on 02/22/2008 9:20:15 AM PST by Michigan Bowhunter (What quantifies this as an assault rifle?)
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To: the_devils_advocate_666

Advise?... Change your screen name and your perspective on reality, accept Jesus Christ as your personal savior/Redeemer, then teach this child in the ways of God’s people, to have faith that God is and is a rewarder of those who seek Him, being sure to relate the stories of the prophets and Biblical heroes as they exercised faith in God in thier lievs. [And put 3/4 of the money in a mutual fund tied to the stockmarket trends, and 1/4 in government bonds. You should take a look at which is doing the best, every four or five years.]


26 posted on 02/22/2008 9:20:27 AM PST by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: ajwharton

Darn you.


27 posted on 02/22/2008 9:20:41 AM PST by null and void (The less you know, the better Hillary looks.)
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To: the_devils_advocate_666

A bible for the_devils_advocate_666.


28 posted on 02/22/2008 9:20:42 AM PST by DungeonMaster (WELL I SPEAK LOUD, AND I CARRY A BIGGER STICK, AND I USE IT TOO!)
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To: the_devils_advocate_666

Congratulations!

“Certainly there’s something out there better than a savings account.”

I’d suggest a Beretta, but that’s probably not what you have in mind.

Every year or so I’d pick a couple stocks in commodities like copper, gold, whatever, or something like railroads and build a very wide portfolio. Then I’d just let it sit there and not worry about it for 20 years.


29 posted on 02/22/2008 9:20:51 AM PST by FastCoyote (I am intolerant of the intolerable.)
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To: AbeKrieger; All

When I was a baby 69 years ago, my Uncle gave me one share of Standard Oil (I forget whether it was of New Jersy, or of Indiana). With stock splits and changes of ownership I now have 84 shares of BP/Amoco. I think the initial stock was about $25. Recently BP was trading around $70.

So perhaps the best investment is just a few shares each of several carefully selected long term stocks with a likely strong future for many years


30 posted on 02/22/2008 9:20:58 AM PST by gleeaikin
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To: the_devils_advocate_666

Great pic. Take good care of him [and his brothers and sisters] for the first 18 years and he will be able to take care of the rest. Regards, {:-)


31 posted on 02/22/2008 9:21:03 AM PST by ex-snook ("Above all things, truth beareth away the victory.")
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To: the_devils_advocate_666

Gerber and diapers?


32 posted on 02/22/2008 9:22:20 AM PST by x
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To: the_devils_advocate_666
Congratulations.

I was just reading that if a 16 year old puts $4000 per year in Roth IRA (taxable now but teenagers tend to be in a very low tax bracket) every year until he is 21 and never invests another penny, he will have over 2.5 million TAX FREE at age 65.

The beauty of investing ANY amount for the little tyke now is you will be unleashing the power of compound interest. Whatever you do, save habitually, even if it is $100 per month.

$2000 per year in the stock market from birth to age 18, with no more invested after 18 will have him retiring a multimillionaire.
33 posted on 02/22/2008 9:22:33 AM PST by elizabetty (Mike Huckabee is such a loser he does not even recognized he lost a long time ago.)
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To: elc

Start those retirement accounts.


34 posted on 02/22/2008 9:22:51 AM PST by RightWhale (Clam down! avoid ataque de nervosa)
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To: the_devils_advocate_666
Congrats!

The best investment is love.

35 posted on 02/22/2008 9:23:08 AM PST by frogjerk
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To: the_devils_advocate_666

I bought each of my grandsons an NRA life membership.


36 posted on 02/22/2008 9:23:40 AM PST by ASA Vet
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To: the_devils_advocate_666

Vanguard Precious Metals and Mining, or their Energy Fund.

My dad bought my daughter a $5,000 zero coupon bond that matured when she was 18 and was cashed out at close to 19K. They don’t pay this kind of interest now.


37 posted on 02/22/2008 9:24:34 AM PST by Neoliberalnot ((Hallmarks of Liberalism: Ingratitude and Envy))
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To: the_devils_advocate_666

Carbon, they’re going to quit making it.


38 posted on 02/22/2008 9:24:38 AM PST by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: the_devils_advocate_666

Congratulations!!! Woohoo! A baby in the family! Blessings!


39 posted on 02/22/2008 9:24:38 AM PST by MarineBrat (My wife and I took an AIDS vaccination that the Church offers.)
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To: the_devils_advocate_666

Put the money in gold or silver. Probably silver.


40 posted on 02/22/2008 9:24:58 AM PST by RC2
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To: the_devils_advocate_666

A prepaid course in the Spanish Language.


41 posted on 02/22/2008 9:25:07 AM PST by rolling_stone (same)
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To: the_devils_advocate_666

http://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds.htm

We’ve bought them for the last 18 years, they’re paying for my kiddo’s edukashun, so she won’t be stoopid lak me.


42 posted on 02/22/2008 9:25:41 AM PST by tumblindice
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To: the_devils_advocate_666; LongElegantLegs; All

Yes the ice pack thing really works. Didn’t know with my first, couldn’t sit down for a week. Knew for the second and was sitting comfortably the next day. Have to ask for it right after getting to Recovery or your room, as the sooner applied the more effective it is. Tell all the childbearing women in you life this info, and you will save a lot of pain and discomfort in the world.


43 posted on 02/22/2008 9:25:59 AM PST by gleeaikin
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To: the_devils_advocate_666
I suggest a set of these...


44 posted on 02/22/2008 9:26:01 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: the_devils_advocate_666

The great thing about a 9lb.er is that you get a REAL baby from the getgo.

My 5 foot nuthin wife popped our first born 9lb 2ozer out after 24 hours of labor.

The OB apologized afterwards, said he should have gone c-section.

You have a very cute baby.

American Funds: Investment Company of America


45 posted on 02/22/2008 9:27:28 AM PST by GEC
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To: Kirkwood
carbon credits

Considering the last three candidates standing are all global warming nuts, some of the solar companies will be attractive over the next several years.

46 posted on 02/22/2008 9:27:37 AM PST by Always Right (Was it over when the Germans bombed Pearl Harbor?)
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To: the_devils_advocate_666
What's the best investment for a newborn?

Depends...

47 posted on 02/22/2008 9:27:40 AM PST by M203M4 (True Universal Suffrage: Pets of dead illegal-immigrant felons voting Democrat (twice))
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To: the_devils_advocate_666

Google, GE, Pfizer.


48 posted on 02/22/2008 9:27:58 AM PST by The_Republican (You know why Chelsea Clinton is so Ugly? Because Janet Reno is her Father! LOL! - Mac is Back!)
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To: the_devils_advocate_666

Gold, Silver, Apple (AAPL)


49 posted on 02/22/2008 9:29:43 AM PST by shuckmaster
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To: The_Republican
Google, GE, Pfizer.

Are you like one of those Google Ron Paul freaks? I took your suggestion...

Results

50 posted on 02/22/2008 9:30:00 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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