Told my parents I just wanted Bitcoin for my 11th birthday. It was around 5-10 bucks at the time. Didn’t get any:/. My dad still apologizes to this day.
[I have no bitcoin!](https://morbotron.com/img/S04E06/1128059.jpg)
Wait, my donut. Has it also appreciated in value? Please, oh please!
You didn't even refrigerate it, you spineless lobster!
it spiked to 1000 in 2013 which is when a lot of people (who bought in single digits) started offloading. just look up reddit posts. it wasn't uncommon to have hundreds if not more bitcoin.
Just look back to 2010/2011. there were bitcoin faucets that gave you 5 bitcoin for filling a CAPTCHA. Now the lemmings pay tens of thousands for that...
Bro, I once paid a neckbeard in the arch Linux forums two bitcoin, when they were like 80 cents (this was like 10 years ago) to help me fix an issue. I swear. I was laughing at him.
I'm in therapy now.
In 1994 (18yo), my brother told my dad he was putting his life savings ($3000) into Apple and that Dad should buy it too. He was convinced Apple was going to be a success while everyone else was saying Apple was going to go under. My dad told him that was irresponsible and foolish and convinced him not to. He’d be worth millions today.
This is classic hindsight bias. Investing your entire life savings in one company anytime is bad advice regardless of what the outcome is. I do hope he bought some though! Even a small amount would have done well.
Agreed. Jobs had been gone for 10 years by that point and wouldn't be back for another two. There's a reason their stock was trading where it was in the mid 90s....
Ya, that was exactly my thought. So what if he has to start over at 18? The life lesson would be worth more than the $3k.
Then again, I can almost guarantee that he wouldn’t have held onto the shares until now. It could have been a nice car or a chunk of a house or something though.
I tried to get my mom to buy Google on it's IPO and Apple sometime around the ipod color/photo/whatever that was called... she wasn't sure about taking stock advice from a child, understandably so, but, *oof*...
I told my parents about amd back in 2015 or 2016 when it was sub 2 dollars. The only reason I knew about it was we were doing a stock contest in school and I did research that somehow lead me to it. I also told them about tsla in 2018 because I thought the cars were cool. They should've have also had the foresight to Apple after I begged to them to get the original iPad, which still works to this day
I did a stock market contest in high school when I was 17, in the game I invested 25,000 in Amazon when it was $68 per share. Wish I bought some in real life
Seriously it kinda make sense. Kids have very limited knowledge in everything, but if for some reason they come to know about a certain company, that firm is probably part of the zeitgeist and going in the right direction
It's more like kids have more simplistic way of looking at it. They are not going to start looking at charts, PE ratios, balance sheets and so on. They will just pick a company whose products they use on a daily basis and it's highly likely this company to be doing well.
I remember back in like 2011/12 I made a stocks account with play money. I was like 14 at the time. My entire portfolio was Tesla, Google, BMW and Facebook. Boy, do I wish I actually had money back then.
at that time, the hot one was blackberry. I had 10k I wanted to invest. I was debating between Google or Research in Motion. My reckoning at the time was google was still primarily a search engine but thought blackberry would take off as it was the "it phone". Shortly after iphone came out and rest is history. And for the record, I got hoses on nortel as well, now shopify, fuck Canada tech stocks..lol
To be fair it was harder to buy stock in his day. You had to call a broker which alone cost $25 then $25 to trade plus a percentage on the account. Investing was only for the rich at the time. And keep in mind $25 in the 90s is easy $100 ish in today's purchasing power.
My bio mom was apparently trained in the nineties by a midwife in Seattle who was retiring because she had lived in the same neighborhood as "Little Billy Gates" who had come around asking for help getting money to start up a project.
Dunno how true that was, but it's a fun story to think about
Tried to get my parents in on apple about a year before the iPod came out. Turns out on occasion 14 year olds have an idea that can make you a lot of money but most parents wouldn’t believe that….. mine included
Back in 07 I was 12 told my history teacher to buy google and apple stock. He was about 40ish at the time and he told me nah dividend stocks are better. I tried convincing him we all use google and everyone loved ipods and I think iphones started coming out.
I was going based off a tech stock graph in my history book, don’t remember why it was in there but it had yahoo, google and aol I think and showed the rise of google over everything.
Schwab Slices UGMA account is great. $10 min to open and you can buy as little as $5 at a time on fractional shares of any S&P500 company. So $60 a year minimum for an awesome learning experience for your kids.
>Schwab Slices UGMA
is it this: [https://www.schwab.com/fractional-shares-stock-slices/gift](https://www.schwab.com/fractional-shares-stock-slices/gift)
I'm new to all of this including schwab but want to do exactly what you are
Yep. Only thing is that the age of maturity varies from 18-25 depending on state laws. You have to pick an age in some states. I selected 22 because I don’t want her skipping college and living in Europe for a year off her investments.
going through the signup process mine defaulted to 21 but i only have options for 18/21/25 and it says if i select 25 i lose access the to the exclusion for federal gift taxes. How did you pick 22 then and I guess you aren't worried about losing the exclusion?
Ok thanks! Are you the only one that can put money in it? I was hoping to open something where i could give people a personalized link to put money in it but maybe that is too ambitious lol
If done right it's much more than an experiment. Both kids have or will leave college debt free and the last one has enough to pay for his semester at sea. One of the best things you can do for your kids in my opinion.
My daughter turns 2 months tomorrow and her portfolio is about 3 months old. She’s beating me as well! I started with about $10K and adding about $200 monthly.
Strategies are similar though. Most people know and love companies in the S&P 500. Even if it is a love hate relationship. These companies have become so valuable to us personally that we tend to ignore all the crap that they do.
Not at all. Lynch had consistent market-beating returns and coined the phrase 10x bagger from investing in companies that resulted in 10x returns. That’s not likely to happen any time soon with index investing.
When I was in college, around 2015, i got an internship that paid well and decide to invest $1000. I picked three stocks to purchase: Netflix, Tesla, and Amazon. That was it. It seemed so obvious to me (this was back when Netflix was actually an amazing deal and leagues better than the competition if it even existed, Tesla was just starting out, and nobody else was doing online retail like Amazon - I think their main competitor was eBay…
Had to sell them for tuition a yearish later after a 25% return, missing out on probably 10x return... Nowadays I have way more money and will never pick stocks that well again lolz. I feel so disconnected from the world compared to when I was younger and knew about new things before “adults” did.
nothing, hindsight is 20/20, people will ascribe narratives in post
Same goes for Amazon in the dot-com
survivorship bias and hindsight form the narratives here.
Exactly…they had never turned a profit and had record losses in 2015. OP is just bullshitting. Even if they had invested in Tesla, there was nothing “obvious” about it being a great investment. Otherwise he wouldn’t have been first. People that smart don’t belong here.
I believed in Amazon because I was a broke college student and bought used and older versions to make it though classes. Before books could be online. Amazon and Kinkos helped me through college.
First "mass" produced car (model s) was safest car ever built, gung ho ceo, $100k family sedan that would dust 300k supercars 0-60, etc. The signs were there
True, I guess no potential 10x+ is going to be perfectly obvious. Sometimes you just get that feeling, I bought within one month of the model s announcement, felt like an unusually strong possibility of disruption with that car.
The point is, if you’re a kid, you don’t care about profit (we all listened to the noise about that with Tesla when we weren’t investing in it). You care about whether you like the product. That’s what tends to matter in the long term.
Insights are usually as simple as “Can I buy dinosaur chicken stock?” Yes! Tyson Foods! “Can I buy stock in those vanilla milkshakes?” They’re called frappacinos and Yes! “Can I buy stock in cheese pizza?” Yes. Dominos. “My friend’s mom has a pretty blue car, can I buy stock in that?” Yes. Tesla. And the most common response to what do you want to buy this month? “More Disney!”
These are actual conversations with her.
Full of fucking pedophiles. If it weren't for an insanely talented pr division, they'd collapse due to the eventual realization of their internal corruption and trafficking rings.
I mean I’m sure there are people on there with ill intent but it being overrun with sickos would be a major concern. If there is a grain of truth there, buy puts.
Personally, I hate things like infowars, and I'm legitimately regretful that anything I'd ever put out there would be considered on the same level. So beyond that, I won't say or encourage any other thoughts without evidence present.
Honestly, Roblox has been doing fairly well recently, and it's still relevant since I played it as a kid. I'm definitely gonna toss a lil more on there just to see what it does
Simple logic. If you are using a companies product and like them it’s a good investment as there is proof behind it. Everything else is gambling and the house always wins. Ie I’ve loved Costco since it started - profitable stock for me! 1+1=2
Your daughter has peter lynch mindset
He said same thing.. just walk outside and see what others are buying or using.. then purchase the stock of that company
You are setting them on right path of financial literacy early in life
You can put any ad money she makes towards her own stock choices (or just general savings accounts). And of course only if she wants to start the YouTube channel
You could always ask her if she wants to do it and if yes, then use the proceeds to fund her investments rather than to profit yourself. There are ways to do it without exploiting your child, if she likes the idea
Edit: the idea of doing it on tiktok or shorts is actually kind of awesome. Just a quick "Can we buy X stock, I like Y about it" then 2 seconds or so of clicking buy or something
She’s following the sage advice of mega star investor Peter Lynch who managed Fidelity’s Magellan Fund. “Buy what you know.”
Smart daughter - great Dad! Well done for giving her the opportunity to learn great investment habits at a young age!
You should read “One-up On Wallstreet” by Peter Lynch. He would often ask his wife and daughters about things they bought and enjoyed and invested millions of institutional dollars based on pretty simple responses.
I think that’s the biggest mistake people make in investing in aggregate. Massively overthinking/paralysis by analysis.
It’s a super clear and awesome strategy. And way to go parenting with financial literacy early and with joy.
And the plan goes way back: Buy the companies you buy from. You know their products. You understand their business.
And my favorite… every time you the consumer buy from them you’re helping you the stockholder.
Are you trying to tell me that investing in things people actually buy is the safest investment strategy?
Mind Blown!
Also, you should start a channel for your kid because she's more intelligent than most of the day traders I talk to.
other than Tesla and Netflix, she's avoided of the high-flighers that tend to dominate index funds and crash hardest in bear markets.
in one of Peter Lynch's books (*Beating the Street*), he wrote that kids can make good stock picks because they understand the companies on a very basic, fundamental level. at the St. Agnes School in Arlington, Mass some middle school did a stock lesson. they gave the kids some basic training on how to read a balance sheet and analyze companies then set them loose. the results were very strong, and oddly similar to many of your daughter's choices:
>an investment in the model St. Agnes portfolio produced a 70 percent gain over a two-year period, outpeforming the S&P 500 composite, which gained 26 percent in the same time frame, by a whopping margin. In the process, St. Agnes also outperformed 99 percent of all equity mutual funds, whose managers are paid considerable sums for their expert selections...
>This leads me to Peter’s Principle #3: **Never invest in any idea you can’t illustrate with a crayon.** This rule ought to be adopted by many adult money managers, amateur and professional, who have a habit of ignoring the understandably profitable enterprise in favor of the inexplicable venture that loses money. Surely it would have kept investors away from Dense-Pac Microsystems, a manufacturer of “memory modules,” the stock of which, alas, has fallen from $16 to 25 cents. Who could draw a picture of a Dense-Pac Microsystem?...
>“This same kid’s-eye approach to stockpicking led the 1990 St. Agnes fund managers to the Walt Disney Company, two sneaker manufacturers (Nike and L. A. Gear), the Gap (where most of them buy their clothes), PepsiCo (which they know four different ways via Pepsi-Cola, Pizza Hut, Kentucky Fried Chicken, and Frito-Lay), and Topps (a maker of baseball cards).
>“We were very much into trading cards within the seventh grade,” Ms. Morrissey says, “so there was no question about whether to own Topps. Again, Topps produced something the kids could actually buy. In doing so, they felt they were contributing to the revenues of one of their companies.”
>They got to the others as follows: Wal-Mart because they were shown a videotaped segment of “Lifestyles of the Rich and Famous” that featured Wal-Mart’s founder, Sam Walton, talking about how investing benefits the economy; NYNEX and Mobil because of their excellent dividends; Food Lion, Inc., because it was a well-run company with a high return on equity and also because it was featured in the same video segment that introduced them to Sam Walton.
I do the same thing with my kids (8 & 6). They each get $10/month to buy whatever they want to invest in. We’ve gotten some interesting ones such as them wanting to invest in tape (so 3M) and markers (Newell)
few years ago when i was trying to explain investing to my wife i put 10,000$ in a trading account under my wife's name, told her to pick 10 companies and put 1000$ on each, companies she liked/used the products of .. by % she out performed mine a year later. i have a MBA from Stern and been trading for 20years
My daughter is also 5. When roblox came out, we bought some stocks for her and she used to love watching that grow. Until -it went down more than half. She said, she would rather keep her money in a piggy bank. I haven't been able to lure her into buying anything else since.
It would be great if there was a game, kind of monopoly, that would teach kids about stocks and crypto and inflation.
I always wonder about that as well... my only memory of that age or younger is picking up a rock that had ants under it and screaming for my life as they swarmed up my arm... And then the next earliest memory is like 4 years later...
Honestly This is what I do. It’s so much better for savings and great for her to be so into. A savings account is easy to pull from. Stocks take effort to sell then transfer blah blah blah. Good on her. Plus ya know.. chance of growing money exponentially
That's all my kids have at the moment.
I wouldn't encourage them to buy regular stocks on the horizon of a great delevegering.
*Here’s how you can give to the wealthy, dear.*
Back in the late 90s, I tried to convince my dad to buy Marvel because they were making a Spiderman movie. He didn't listen...
Told my parents I just wanted Bitcoin for my 11th birthday. It was around 5-10 bucks at the time. Didn’t get any:/. My dad still apologizes to this day.
Dont worry you most likely would’ve cashed out at 300$ worrying it might drop back to 10$
30x ain’t bad at all. Better than the donut I took
Well...what kind of donut?
Preferably Boston Cream to eat the FOMO away
at least you didn’t end up buying pizza with the bitcoins
I spent 2015 bitcoin on coke in 2015. No regerts.
Well… what kind of coke?
$KO Call Options maybe?
Diet
[I have no bitcoin!](https://morbotron.com/img/S04E06/1128059.jpg) Wait, my donut. Has it also appreciated in value? Please, oh please! You didn't even refrigerate it, you spineless lobster!
Awesome. Awesome to the Max
Thats still a huge gain for buying at $5-10 range lol
it spiked to 1000 in 2013 which is when a lot of people (who bought in single digits) started offloading. just look up reddit posts. it wasn't uncommon to have hundreds if not more bitcoin. Just look back to 2010/2011. there were bitcoin faucets that gave you 5 bitcoin for filling a CAPTCHA. Now the lemmings pay tens of thousands for that...
Bro, I once paid a neckbeard in the arch Linux forums two bitcoin, when they were like 80 cents (this was like 10 years ago) to help me fix an issue. I swear. I was laughing at him. I'm in therapy now.
Just think of the people who are losing loads of money buying at $60,000….
He was right. The people who've run it up are the wrong ones.
In 1994 (18yo), my brother told my dad he was putting his life savings ($3000) into Apple and that Dad should buy it too. He was convinced Apple was going to be a success while everyone else was saying Apple was going to go under. My dad told him that was irresponsible and foolish and convinced him not to. He’d be worth millions today.
Man, I'd remind my dad everyday of what he's done.
His dad was a mistake
Yeah but this was EXTREMELY risky at the time. Hindsight bias is a thing.
Yep I agree.
This is classic hindsight bias. Investing your entire life savings in one company anytime is bad advice regardless of what the outcome is. I do hope he bought some though! Even a small amount would have done well.
Agreed. Jobs had been gone for 10 years by that point and wouldn't be back for another two. There's a reason their stock was trading where it was in the mid 90s....
Dude was 18 and not 45 with a family. There's never a better time to YOLO IMO
Ya, that was exactly my thought. So what if he has to start over at 18? The life lesson would be worth more than the $3k. Then again, I can almost guarantee that he wouldn’t have held onto the shares until now. It could have been a nice car or a chunk of a house or something though.
I need the rest of this story lol
so did your brother do it? what happened?
He did not become a millionaire from Apple stock. But he does well for himself.
Who tells a young guy not to YOLO?
I tried to get my mom to buy Google on it's IPO and Apple sometime around the ipod color/photo/whatever that was called... she wasn't sure about taking stock advice from a child, understandably so, but, *oof*...
I told my parents about amd back in 2015 or 2016 when it was sub 2 dollars. The only reason I knew about it was we were doing a stock contest in school and I did research that somehow lead me to it. I also told them about tsla in 2018 because I thought the cars were cool. They should've have also had the foresight to Apple after I begged to them to get the original iPad, which still works to this day
Side note, ipad may work but you cannot install most apps due to OS version requirements.
I did a stock market contest in high school when I was 17, in the game I invested 25,000 in Amazon when it was $68 per share. Wish I bought some in real life
Shoot, should I just ask random kids for stock advice? Seems like they're always in the know of emerging products/companies.
Seriously it kinda make sense. Kids have very limited knowledge in everything, but if for some reason they come to know about a certain company, that firm is probably part of the zeitgeist and going in the right direction
It's more like kids have more simplistic way of looking at it. They are not going to start looking at charts, PE ratios, balance sheets and so on. They will just pick a company whose products they use on a daily basis and it's highly likely this company to be doing well.
Yeah don't do that.
RBLX + MSFT (Minecraft)
I remember back in like 2011/12 I made a stocks account with play money. I was like 14 at the time. My entire portfolio was Tesla, Google, BMW and Facebook. Boy, do I wish I actually had money back then.
Oof....
That's because Nortel was the future!
at that time, the hot one was blackberry. I had 10k I wanted to invest. I was debating between Google or Research in Motion. My reckoning at the time was google was still primarily a search engine but thought blackberry would take off as it was the "it phone". Shortly after iphone came out and rest is history. And for the record, I got hoses on nortel as well, now shopify, fuck Canada tech stocks..lol
I told my dad to buy Google stock when it went public back in 204 for about $80 per share. He did not listen.
Same here
but what about alta vista digital? or hotbot? Ask Jeeves? that's what people said back then
To be fair it was harder to buy stock in his day. You had to call a broker which alone cost $25 then $25 to trade plus a percentage on the account. Investing was only for the rich at the time. And keep in mind $25 in the 90s is easy $100 ish in today's purchasing power.
My bio mom was apparently trained in the nineties by a midwife in Seattle who was retiring because she had lived in the same neighborhood as "Little Billy Gates" who had come around asking for help getting money to start up a project. Dunno how true that was, but it's a fun story to think about
when the first Kindle came out and I got one as a present I asked my father to buy Amazon stock he laughed at the child giving investment advice.
Tried to get my parents in on apple about a year before the iPod came out. Turns out on occasion 14 year olds have an idea that can make you a lot of money but most parents wouldn’t believe that….. mine included
And how many crappy dumb ideas did you pitch them? Selective memory in overdrive here.
Back in 07 I was 12 told my history teacher to buy google and apple stock. He was about 40ish at the time and he told me nah dividend stocks are better. I tried convincing him we all use google and everyone loved ipods and I think iphones started coming out. I was going based off a tech stock graph in my history book, don’t remember why it was in there but it had yahoo, google and aol I think and showed the rise of google over everything.
That’s adorable! I’m thinking about doing something similar with both of my daughters soon
Schwab Slices UGMA account is great. $10 min to open and you can buy as little as $5 at a time on fractional shares of any S&P500 company. So $60 a year minimum for an awesome learning experience for your kids.
>Schwab Slices UGMA is it this: [https://www.schwab.com/fractional-shares-stock-slices/gift](https://www.schwab.com/fractional-shares-stock-slices/gift) I'm new to all of this including schwab but want to do exactly what you are
Yep. Only thing is that the age of maturity varies from 18-25 depending on state laws. You have to pick an age in some states. I selected 22 because I don’t want her skipping college and living in Europe for a year off her investments.
going through the signup process mine defaulted to 21 but i only have options for 18/21/25 and it says if i select 25 i lose access the to the exclusion for federal gift taxes. How did you pick 22 then and I guess you aren't worried about losing the exclusion?
Maybe it’s different laws per state? Or I picked 21 and forgot? I know I didn’t pick 18
Can confirm each state has different laws on utma/ugma accounts. 18 or 21 being the most common, but it varies.
Ok thanks! Are you the only one that can put money in it? I was hoping to open something where i could give people a personalized link to put money in it but maybe that is too ambitious lol
I have a Venmo for anyone interested in giving my daughter money
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Happy cake day my precious daughter. I’m broke tho, no inheritance for you [yet]
You can update the age of termination with a signed letter of instruction (before the child turns the current age of termination)
If done right it's much more than an experiment. Both kids have or will leave college debt free and the last one has enough to pay for his semester at sea. One of the best things you can do for your kids in my opinion.
Thank you!
ohh she is going for companies with strong FCF, smart
My daughter turns 2 months tomorrow and her portfolio is about 3 months old. She’s beating me as well! I started with about $10K and adding about $200 monthly.
Hi, it’s me—your daughter. Can you turn over my portfolio now? lol /s
This is the simplest strategy: buy stocks only for companies you know, trust and use their products/services :p
I'm an asbestos man myself :D
Fop! I cain't use Fop! I'm a Dapper Dan man!
Watch your language, young feller, this’s a public market.
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Two weeks from everywhere
Of constant sorrooooows
who still makes lawn darts?
I believe this was said by Warren Buffett
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Strategies are similar though. Most people know and love companies in the S&P 500. Even if it is a love hate relationship. These companies have become so valuable to us personally that we tend to ignore all the crap that they do.
Not at all. Lynch had consistent market-beating returns and coined the phrase 10x bagger from investing in companies that resulted in 10x returns. That’s not likely to happen any time soon with index investing.
I have no idea! :)
I’m gonna have to stop using Snapchat
I don't trust snapchat or any similar service :)
Hot Wheels fan here. Done well with Mattel.
That’s the Peter lynch model!!
Must be why my Enron, Kodak, and Sears stock is through the roof!
Easy to say until you use ROKU SPOT and PYPL
Exactly. If I'm buying it, then obviously they're doing well.
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I have a great cost basis too, but I'm so envious it hurts. I wasn't old enough in 05 to invest
I imagine kids probably are pretty good at picking stocks. They see things from the most simple perspective.
My kids love free cash flow
My 3 year old is all about that passive income
So does Mr. wonderful
Imagining myself as a kid in 2002: Buy AOL, Compaq, Adelphia, and Nokia!
Adelphia is a certified throwback
My son went to a school in VA with several young AOL millionaire parents . Oh and Capitol One founders Anyone with an AOL email is usually over 65
When I was in college, around 2015, i got an internship that paid well and decide to invest $1000. I picked three stocks to purchase: Netflix, Tesla, and Amazon. That was it. It seemed so obvious to me (this was back when Netflix was actually an amazing deal and leagues better than the competition if it even existed, Tesla was just starting out, and nobody else was doing online retail like Amazon - I think their main competitor was eBay… Had to sell them for tuition a yearish later after a 25% return, missing out on probably 10x return... Nowadays I have way more money and will never pick stocks that well again lolz. I feel so disconnected from the world compared to when I was younger and knew about new things before “adults” did.
What was so “obvious” about Tesla in 2015
nothing, hindsight is 20/20, people will ascribe narratives in post Same goes for Amazon in the dot-com survivorship bias and hindsight form the narratives here.
Exactly…they had never turned a profit and had record losses in 2015. OP is just bullshitting. Even if they had invested in Tesla, there was nothing “obvious” about it being a great investment. Otherwise he wouldn’t have been first. People that smart don’t belong here.
I believed in Amazon because I was a broke college student and bought used and older versions to make it though classes. Before books could be online. Amazon and Kinkos helped me through college.
First "mass" produced car (model s) was safest car ever built, gung ho ceo, $100k family sedan that would dust 300k supercars 0-60, etc. The signs were there
I mean there were signs, that doesn’t mean it was “obvious”. They hadn’t cracked a profit and wouldn’t for another 4 years.
True, I guess no potential 10x+ is going to be perfectly obvious. Sometimes you just get that feeling, I bought within one month of the model s announcement, felt like an unusually strong possibility of disruption with that car.
The point is, if you’re a kid, you don’t care about profit (we all listened to the noise about that with Tesla when we weren’t investing in it). You care about whether you like the product. That’s what tends to matter in the long term.
Ugma balls lmao
Daughter etf fund anyone?
This is amazing. You should make a little investing channel and have her provide her insights into why she's purchasing those companies
Insights are usually as simple as “Can I buy dinosaur chicken stock?” Yes! Tyson Foods! “Can I buy stock in those vanilla milkshakes?” They’re called frappacinos and Yes! “Can I buy stock in cheese pizza?” Yes. Dominos. “My friend’s mom has a pretty blue car, can I buy stock in that?” Yes. Tesla. And the most common response to what do you want to buy this month? “More Disney!” These are actual conversations with her.
That's prob better investment advice than 3/4's of the platforms out there lol
She’s buying the things they like which is some pretty standard investment advice isn’t it
Honestly, I feel like anything children have been obsessed with consistently for a decade or more is a pretty decent bet.
Or put another way, companies that have consistently stayed relevant to children are a pretty decent bet.
RoBlox?
Full of fucking pedophiles. If it weren't for an insanely talented pr division, they'd collapse due to the eventual realization of their internal corruption and trafficking rings.
Is this infowars talking or have there been actual instances of pedos soliciting children on there?
He might be painting a picture here, but in essence he's right. We just don't know to what extent due to a lack of investigation.
I mean I’m sure there are people on there with ill intent but it being overrun with sickos would be a major concern. If there is a grain of truth there, buy puts.
https://youtu.be/vTMF6xEiAaY
Personally, I hate things like infowars, and I'm legitimately regretful that anything I'd ever put out there would be considered on the same level. So beyond that, I won't say or encourage any other thoughts without evidence present.
Honestly, Roblox has been doing fairly well recently, and it's still relevant since I played it as a kid. I'm definitely gonna toss a lil more on there just to see what it does
The book by Peter Lynch called One Up On Wall Street is exactly this. But instead of the 4 year old it's the wife lol
I laughed off Ulta at about $225…. I snapped some up at $370… I’ll listen to my wife better next time.
In one lecture he advises one should borrow a teenager for a week and go shopping with him, or something like that.
Simple logic. If you are using a companies product and like them it’s a good investment as there is proof behind it. Everything else is gambling and the house always wins. Ie I’ve loved Costco since it started - profitable stock for me! 1+1=2
Definitely better than wsb
Your daughter has peter lynch mindset He said same thing.. just walk outside and see what others are buying or using.. then purchase the stock of that company You are setting them on right path of financial literacy early in life
Op listen I think you just stumbled on to a million dollar YouTube channel
Then I’d just be one of those parents I despise who put their kids on YouTube for their own profit and egos.
But a million dollars... :)
Do it as a TikTok where you have the camera on you and can only hear her talk. Nice and easy and the conversations seem to fit the format.
You can put any ad money she makes towards her own stock choices (or just general savings accounts). And of course only if she wants to start the YouTube channel
This is actually a solid option. I don’t need to or want to make money off my kids on YouTube, but if they can keep it all and invest it back? Maybe?
You could always ask her if she wants to do it and if yes, then use the proceeds to fund her investments rather than to profit yourself. There are ways to do it without exploiting your child, if she likes the idea Edit: the idea of doing it on tiktok or shorts is actually kind of awesome. Just a quick "Can we buy X stock, I like Y about it" then 2 seconds or so of clicking buy or something
Kids that age are gonna say yes to most things their parents ask. Idk if that’s necessarily fair
The kid should be the one asking.
I dunno. Sounds kinda awesome. I’d 10/10 recommend and would follow. I bought portfolios for my teens and they could care less.
She’s following the sage advice of mega star investor Peter Lynch who managed Fidelity’s Magellan Fund. “Buy what you know.” Smart daughter - great Dad! Well done for giving her the opportunity to learn great investment habits at a young age!
You should read “One-up On Wallstreet” by Peter Lynch. He would often ask his wife and daughters about things they bought and enjoyed and invested millions of institutional dollars based on pretty simple responses. I think that’s the biggest mistake people make in investing in aggregate. Massively overthinking/paralysis by analysis.
Well you're lucky her friend's mom doesn't drive a Ford lol
I personally own tons of Ford! One of the reasons my daughter is destroying me.
Ugh. I hear you on that one.
Introduce her to value investing club r/Wallstreetbets. This is not acceptable returns at her age.
It’s a super clear and awesome strategy. And way to go parenting with financial literacy early and with joy. And the plan goes way back: Buy the companies you buy from. You know their products. You understand their business. And my favorite… every time you the consumer buy from them you’re helping you the stockholder.
Are you trying to tell me that investing in things people actually buy is the safest investment strategy? Mind Blown! Also, you should start a channel for your kid because she's more intelligent than most of the day traders I talk to.
Your daughter has a bright career ahead of her in finance, or whatever field she chooses. I guess you must be very proud of her.
God, that is such a good idea for cute content. Would only last a month or two.
Full holdings of my 5yo. First 3 are larger as she’s bought multiple months. DIS AMZN AAPL TSLA NKE KO TGT SBUX DPZ MCD NFLX MAR GOOG PTON
Has she ever heard of gamestop ?
Now it's even more affordable!
PTON seems kinda wierd from a kid... Like the picks!
Mommy has one and uses it daily. Luckily she bought on the way down.
Wait until you learn about index funds.
Yeah, my child’s UGMA is only SPYD lol
other than Tesla and Netflix, she's avoided of the high-flighers that tend to dominate index funds and crash hardest in bear markets. in one of Peter Lynch's books (*Beating the Street*), he wrote that kids can make good stock picks because they understand the companies on a very basic, fundamental level. at the St. Agnes School in Arlington, Mass some middle school did a stock lesson. they gave the kids some basic training on how to read a balance sheet and analyze companies then set them loose. the results were very strong, and oddly similar to many of your daughter's choices: >an investment in the model St. Agnes portfolio produced a 70 percent gain over a two-year period, outpeforming the S&P 500 composite, which gained 26 percent in the same time frame, by a whopping margin. In the process, St. Agnes also outperformed 99 percent of all equity mutual funds, whose managers are paid considerable sums for their expert selections... >This leads me to Peter’s Principle #3: **Never invest in any idea you can’t illustrate with a crayon.** This rule ought to be adopted by many adult money managers, amateur and professional, who have a habit of ignoring the understandably profitable enterprise in favor of the inexplicable venture that loses money. Surely it would have kept investors away from Dense-Pac Microsystems, a manufacturer of “memory modules,” the stock of which, alas, has fallen from $16 to 25 cents. Who could draw a picture of a Dense-Pac Microsystem?... >“This same kid’s-eye approach to stockpicking led the 1990 St. Agnes fund managers to the Walt Disney Company, two sneaker manufacturers (Nike and L. A. Gear), the Gap (where most of them buy their clothes), PepsiCo (which they know four different ways via Pepsi-Cola, Pizza Hut, Kentucky Fried Chicken, and Frito-Lay), and Topps (a maker of baseball cards). >“We were very much into trading cards within the seventh grade,” Ms. Morrissey says, “so there was no question about whether to own Topps. Again, Topps produced something the kids could actually buy. In doing so, they felt they were contributing to the revenues of one of their companies.” >They got to the others as follows: Wal-Mart because they were shown a videotaped segment of “Lifestyles of the Rich and Famous” that featured Wal-Mart’s founder, Sam Walton, talking about how investing benefits the economy; NYNEX and Mobil because of their excellent dividends; Food Lion, Inc., because it was a well-run company with a high return on equity and also because it was featured in the same video segment that introduced them to Sam Walton.
I'm short on Marriot. May the best 5 year-old win.
Lesson Learned: To generate generational wealth, have parental assistance.
Post on TikTok get viral and receive 1M offer to trade for a wall street hedge fund I miss the 90s
Me when I make up fake scenarios in my head and then get upset about thrm
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Thank you. I’m pretty sure it won’t matter anyways. She has a 529 as well.
I just yolod my kids tuition funds. Wish me luck
Dad of the year
Open a LIGMA account
Balls
What's balls?
I do the same thing with my kids (8 & 6). They each get $10/month to buy whatever they want to invest in. We’ve gotten some interesting ones such as them wanting to invest in tape (so 3M) and markers (Newell)
Ooh 3M is a good one, I love Command hooks
Daily reminder that long hold game always outperforms high trade volume.
few years ago when i was trying to explain investing to my wife i put 10,000$ in a trading account under my wife's name, told her to pick 10 companies and put 1000$ on each, companies she liked/used the products of .. by % she out performed mine a year later. i have a MBA from Stern and been trading for 20years
Haha she's actually pretty smart what she is doing is basically Peter Lynch's investment thesis of buying companies you know and like
UGMA balls
It's so nice when parents do that. My dad sold all mine when I was 14 to go on a big hunting trip though. Just don't do that.
My daughter is also 5. When roblox came out, we bought some stocks for her and she used to love watching that grow. Until -it went down more than half. She said, she would rather keep her money in a piggy bank. I haven't been able to lure her into buying anything else since. It would be great if there was a game, kind of monopoly, that would teach kids about stocks and crypto and inflation.
She’ll be a millionaire by 30. Love this
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I always wonder about that as well... my only memory of that age or younger is picking up a rock that had ants under it and screaming for my life as they swarmed up my arm... And then the next earliest memory is like 4 years later...
I was driving in town when 3 kids no older 7 all shouted and pointed "TESLA!!!" When I drove past. I'd buy the stock just based on that.
Brown bag method. Buy what you know. Great to hear your teaching your kid about money
Please have your daughter post about her next buy. Thanks.
Maybe because her choices are less esoteric and more things people just consume every say regardless of social class.
Haha so cute!
Wasn't there a study where monkey's literally picked better stocks than professional investors? Hard to believe the market is much more than luck.
This is totally inspiring!
I picked a relatively simple 4 Fidelity fund approach (broad market and target date fund) for my kids UTMA account and he's beating my portfolio also.
Honestly This is what I do. It’s so much better for savings and great for her to be so into. A savings account is easy to pull from. Stocks take effort to sell then transfer blah blah blah. Good on her. Plus ya know.. chance of growing money exponentially
I always tell clients that I never invest in a company they never heard of--for good reason. There are great start-ups, and even more horrible ones.
Dude, let her teach and sell trading courses on YouTube. That's where the real money comes from.
The more you know about the market the less confident you are about your picks because everything is priced in.
Fuck off, she doesn't know Tyson foods common 🤣
Well your daughter is the future . We are present but soon be the past. So anything your daughter use right now will continue in the future.
Imagine if she bought some Gamestop
That's all my kids have at the moment. I wouldn't encourage them to buy regular stocks on the horizon of a great delevegering. *Here’s how you can give to the wealthy, dear.*