Use access key #2 to skip to page content.

TMFPostOfTheDay (< 20)

Invest in Your Kids

Recs

10

May 09, 2012 – Comments (1)

Location: Catoismymotor's CAPS Blog

Author: Catoismymotor

Fellow Fools,

Today I will start investing on behalf of my kids. Don't misunderstand, the dollar amounts involved at this time are far from trust fund numbers. I'm just a middle class dad. The money to do this has been accrued over the last six months as I stalked the right companies and ETFs for this endeavor.  After today I'll set a little aside each month and buy more as the opportunities present themselves.

I'm a long-term investor by nature. I plan to hold onto the positions I buy today for a long time. Ultimately I plan to give the contents of this portfolio to my kids when my oldest turns 40 in 2047. Hopefully after taxes, fees and inflation each kid will have around $50,000 in today's money to do with as needed. I'd love to see a percentage of the proceeds used by them to set up something like this for any future grand-kids. It would make for a nice tradition that would not break the bank.

Anyway, I've written before about doing something like this. I just wanted to broadcast that I finally put words into action.

All the best,

Cato

1 Comments – Post Your Own

#1) On May 09, 2012 at 2:06 PM, TMFVicki (< 20) wrote:

Have you thought about setting this up as custodial accounts that turns over to your kids when they turn 40?    You'd still pay taxes along the way, but, you could avoid the gift tax problem in 2047.

 Best of luck with this.

 Vicki1024

Report this comment

Featured Broker Partners


Advertisement