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80/20 VTI/IAU for my 17YO
Posted: Mon Nov 16, 2020 10:35 am
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
Re: 80/20 VTI/IAU for my 17YO
Posted: Mon Nov 16, 2020 1:13 pm
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
Thanks for sharing, that's a great start for your son!
Re: 80/20 VTI/IAU for my 17YO
Posted: Mon Nov 16, 2020 1:21 pm
by buddtholomew
Thank you
Re: 80/20 VTI/IAU for my 17YO
Posted: Tue Nov 17, 2020 11:02 am
by pmward
Eh for someone that young with a small beginner account, I think the 80/20 stocks and gold sounds about right.
Re: 80/20 VTI/IAU for my 17YO
Posted: Tue Nov 17, 2020 11:03 am
by Kriegsspiel
Re: 80/20 VTI/IAU for my 17YO
Posted: Tue Nov 17, 2020 7:50 pm
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...
Re: 80/20 VTI/IAU for my 17YO
Posted: Wed Nov 18, 2020 10:24 am
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.
Re: 80/20 VTI/IAU for my 17YO
Posted: Wed Nov 18, 2020 10:27 am
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.
You have won the internet today with this one!
Re: 80/20 VTI/IAU for my 17YO
Posted: Wed Nov 18, 2020 10:35 am
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
Re: 80/20 VTI/IAU for my 17YO
Posted: Wed Nov 18, 2020 11:09 am
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.
Re: 80/20 VTI/IAU for my 17YO
Posted: Wed Nov 18, 2020 11:17 am
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".
Re: 80/20 VTI/IAU for my 17YO
Posted: Wed Nov 18, 2020 11:26 am
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.
This is awesome, thanks Tyler.
Re: 80/20 VTI/IAU for my 17YO
Posted: Wed Nov 18, 2020 1:16 pm
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
