80/20 VTI/IAU for my 17YO

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buddtholomew
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80/20 VTI/IAU for my 17YO

Post by buddtholomew »

Had to share with the only group that might consider this a milestone for father and son.

The boy started working at Walgreens and has been averaging 20-25 hrs/wk for the last few months.

Friday I transferred his funds to a custodian account at eTrade and bought VTI/IAU 80/20. He’ll be adding ~1K/mo. going forward for the foreseeable future. 1K in cash as well for Redbull, corn nuts and candy.

Proud dad ;D
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foglifter
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Re: 80/20 VTI/IAU for my 17YO

Post by foglifter »

buddtholomew wrote: ↑Mon Nov 16, 2020 10:35 am Had to share with the only group that might consider this a milestone for father and son.

The boy started working at Walgreens and has been averaging 20-25 hrs/wk for the last few months.

Friday I transferred his funds to a custodian account at eTrade and bought VTI/IAU 80/20. He’ll be adding ~1K/mo. going forward for the foreseeable future. 1K in cash as well for Redbull, corn nuts and candy.

Proud dad ;D
Thanks for sharing, that's a great start for your son! :)
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
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buddtholomew
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Re: 80/20 VTI/IAU for my 17YO

Post by buddtholomew »

Thank you :D
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pmward
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Re: 80/20 VTI/IAU for my 17YO

Post by pmward »

Eh for someone that young with a small beginner account, I think the 80/20 stocks and gold sounds about right.
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Kriegsspiel
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Re: 80/20 VTI/IAU for my 17YO

Post by Kriegsspiel »

Good stuff.

$1,000 buys a shit ton of Redbull and junk food 8) 8) 8) 8)
You there, Ephialtes. May you live forever.
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buddtholomew
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Re: 80/20 VTI/IAU for my 17YO

Post by buddtholomew »

He wanted it all in Tesla yesterday and with today’s gain I’m having to explain the benefits of diversification and patience...

Krieg, 1K may not be enough for this kid/man.
He’s also into beef jerky and pistachios (shelled).

Kids...
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Tyler
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Re: 80/20 VTI/IAU for my 17YO

Post by Tyler »

Well done, Budd. You should be very proud.

Solid portfolio, BTW. It's nice to see young investors appreciate the value of commodities.

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pmward
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Re: 80/20 VTI/IAU for my 17YO

Post by pmward »

Tyler wrote: ↑Wed Nov 18, 2020 10:24 am Well done, Budd. You should be very proud.

Solid portfolio, BTW. It's nice to see young investors appreciate the value of commodities.

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You have won the internet today with this one!
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pmward
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Re: 80/20 VTI/IAU for my 17YO

Post by pmward »

buddtholomew wrote: ↑Tue Nov 17, 2020 7:50 pm He wanted it all in Tesla yesterday and with today’s gain I’m having to explain the benefits of diversification and patience...

Krieg, 1K may not be enough for this kid/man.
He’s also into beef jerky and pistachios (shelled).

Kids...
Millenial 60/40 (60% TSLA, 40% Bitcoin) has some ridiculous stats... since 2015 (earliest available) 92.91% CAGR, 31% max drawdown, Sharpe 1.41, YTD 254.91%.

https://www.portfoliovisualizer.com/bac ... tion2_1=60
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Kriegsspiel
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Re: 80/20 VTI/IAU for my 17YO

Post by Kriegsspiel »

buddtholomew wrote: ↑Tue Nov 17, 2020 7:50 pm pistachios (shelled).
Shelled sounds like one of those words that's its own opposite. Like sanction.
You there, Ephialtes. May you live forever.
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Xan
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Re: 80/20 VTI/IAU for my 17YO

Post by Xan »

Kriegsspiel wrote: ↑Wed Nov 18, 2020 11:09 am
buddtholomew wrote: ↑Tue Nov 17, 2020 7:50 pm pistachios (shelled).
Shelled sounds like one of those words that's its own opposite. Like sanction.
"Boned" is another one. Or "seeded". When cleaning up the backyard, I often say "I'm going to go poop the yard".
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buddtholomew
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Re: 80/20 VTI/IAU for my 17YO

Post by buddtholomew »

Tyler wrote: ↑Wed Nov 18, 2020 10:24 am Well done, Budd. You should be very proud.

Solid portfolio, BTW. It's nice to see young investors appreciate the value of commodities.

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This is awesome, thanks Tyler.
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yankees60
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Re: 80/20 VTI/IAU for my 17YO

Post by yankees60 »

Kriegsspiel wrote: ↑Wed Nov 18, 2020 11:09 am
buddtholomew wrote: ↑Tue Nov 17, 2020 7:50 pm pistachios (shelled).
Shelled sounds like one of those words that's its own opposite. Like sanction.
Definitely "federalism" fits into that category. The word should be "state-ism"!

Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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