Investing for 16 year old daughter

[billyjoe]

Karel,
Thanks to you and everyone contributing to this discussion. At this point the best way to motivate her is by having her check her stock and compare its performance to that of her older brothers. She is very competitive. She's looking up stock quotes without being told to and has the computer smarts to outdo her old man in research. This may be the start of something big. She was very happy to find out this summer at her first job that it pays to be ambitious. She had some free time as a hostess so she bussed tables to stay busy and made $100 in a day along with her regular hourly pay. The regular buss boys/girls didn't feel like working that day.
Merry Christmas to all and try to stay stress free. I'm out to shovel more snow.
billyjoe

[Websman]

I'm out to shovel more snow.
billyjoe

That's why I live in Florida...

[skiracer]

Ernie, You've got to get the date and time stamps straightened out to synchronize with the correct date and time.

[mrmarket]

Ernie, You've got to get the date and time stamps straightened out to synchronize with the correct date and time.

Go to the user CP (Control Panel) and pick the time and date that suits your preference. They work fine and are correct.

[thebign1]

Good choice billyjoe......

Bought her 24 shares of OFG. The excitement will be upcoming dividends.
billyjoe

I own a small bunch of OFG also. My 14 year old daughter started with $1500.oo and I bought her ACAS. She has approx. 50 shares & gets about $36-$37 bux/qtr. in divies. It's worth a look. regards, Norm

Merry Christmas!

[lak]

This is one of those threads that pulls me back to Rich Dad Poor Dad......... I think any parent that is taking an interest in their child's financial education........ in the real world..... is doing something so important........

just my .02 as I am single with no kids...... and not planning on it soon!

[IIC]

This is one of those threads that pulls me back to Rich Dad Poor Dad......... I think any parent that is taking an interest in their child's financial education........ in the real world..... is doing something so important........

just my .02 as I am single with no kids...... and not planning on it soon!

I sort of grew up with it...My Dad, Uncle, Grandfather and Great Uncle were all stockbrokers...IIC

[skiracer]

Thanks, stupid of me not to look in that direction.

[peanuts]

CLE === If she is interested in out fitting.
AEOS === Has reached a plateau. I'm thinking of dropping this one.
KSS === Is going to be my next major department store. It is suppose to have alot of room to grow.
URBN === Is one that had caught my daughters eye when ever I receive a sells ad. Lots of ooooo & aaaaaah and once in awhile a how cool.
===> M.E.A.

Marlin,

Post some more, dude.

These picks were absolutely $$$HUUUUGE$$$

billyjoe, did your daughter buy any of these?

[Tatnic]

Mr.Market Forum Readers,
My 16 year old daughter has been bugging me to buy her some stock for a couple years now and by cashing in some savings bonds and birthday checks from Grammaw, she now has a trading account of $750. While we don't want to gamble it away on a highly speculative stock, she also doesn't want to be bored watching a return similar to her bank savings account. What would you do? All suggestions will be considered.

p.s. she is an expert shopper and gladly tells me her opinion on what styles of clothing and companies are "in" or "out". AEOS and ANF are her current favorites.
billyjoe

billyjoe...if it were me I'd wait until everyone is throwing in the towel and saying the market is doomed, then I'd have her buy a vanguard mutual fund, like their reit or whatever you can buy for $750. In the meantime, she can put that cash into a short term cd and earn over 5%.

Options? what the heck are you smoking spike? I don't know any broker, anywhere that will allow a 16 year old to buy options. That's almost as irresponsible as Doug recommendation to some highschool kid (stky?) to sell his berkshire hathaway and buy some bullentin board stock for diversification purposes. Doug, you know that was a stupid, stupid recommendation, right?

[billyjoe]

billyjoe...if it were me I'd wait until everyone is throwing in the towel and saying the market is doomed, then I'd have her buy a vanguard mutual fund, like their reit or whatever you can buy for $750. In the meantime, she can put that cash into a short term cd and earn over 5%.

Options? what the heck are you smoking spike? I don't know any broker, anywhere that will allow a 16 year old to buy options. That's almost as irresponsible as Doug recommendation to some highschool kid (stky?) to sell his berkshire hathaway and buy some bullentin board stock for diversification purposes. Doug, you know that was a stupid, stupid recommendation, right?

Tatnic,
Funny you should mention Vanguard. Several years ago when I had some spare money I put $500 for each kid in the Vanguard Primecap fund. Each of them have $3600 now and will be cashing it in when needed for college.
------------billyjoe

[billyjoe]

Marlin,

Post some more, dude.

These picks were absolutely $$$HUUUUGE$$$

billyjoe, did your daughter buy any of these?

Peanuts,
I bought URBN and AEOS and she bought AEOS along the way and we both lost money. I haven't bought retail clothing since. Bad timing when looked at in retrospect.

----------billyjoe