80/20 VTI/IAU for my 17YO
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- buddtholomew
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80/20 VTI/IAU for my 17YO
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
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
Re: 80/20 VTI/IAU for my 17YO
Thanks for sharing, that's a great start for your son!buddtholomew wrote: ↑Mon Nov 16, 2020 10:35 amHad 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
"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."
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- buddtholomew
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Re: 80/20 VTI/IAU for my 17YO
Thank you
Re: 80/20 VTI/IAU for my 17YO
Eh for someone that young with a small beginner account, I think the 80/20 stocks and gold sounds about right.
- Kriegsspiel
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Re: 80/20 VTI/IAU for my 17YO
Good stuff.
$1,000 buys a shit ton of Redbull and junk food
$1,000 buys a shit ton of Redbull and junk food
You there, Ephialtes. May you live forever.
- buddtholomew
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Re: 80/20 VTI/IAU for my 17YO
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...
Krieg, 1K may not be enough for this kid/man.
He’s also into beef jerky and pistachios (shelled).
Kids...
Re: 80/20 VTI/IAU for my 17YO
Well done, Budd. You should be very proud.
Solid portfolio, BTW. It's nice to see young investors appreciate the value of commodities.
Solid portfolio, BTW. It's nice to see young investors appreciate the value of commodities.
Re: 80/20 VTI/IAU for my 17YO
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%.buddtholomew wrote: ↑Tue Nov 17, 2020 7:50 pmHe 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...
https://www.portfoliovisualizer.com/bac ... tion2_1=60
- Kriegsspiel
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Re: 80/20 VTI/IAU for my 17YO
Shelled sounds like one of those words that's its own opposite. Like sanction.
You there, Ephialtes. May you live forever.
Re: 80/20 VTI/IAU for my 17YO
"Boned" is another one. Or "seeded". When cleaning up the backyard, I often say "I'm going to go poop the yard".Kriegsspiel wrote: ↑Wed Nov 18, 2020 11:09 amShelled sounds like one of those words that's its own opposite. Like sanction.
- buddtholomew
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- vnatale
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Re: 80/20 VTI/IAU for my 17YO
Definitely "federalism" fits into that category. The word should be "state-ism"!Kriegsspiel wrote: ↑Wed Nov 18, 2020 11:09 amShelled sounds like one of those words that's its own opposite. Like sanction.
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."