Just had a kid, best long term savings plan

[Nash B.]

Well, but thank god the price of silver never fluctuates.

True that!

[jayjohnson600]

Each financial vehicle offers pros and cons, and real assets have a place in an allocation.

Real asset's biggest attractions come from advantages that cannot be produced by paper assets.

Even unloading paper assets quickly can easily exceed credit card rates from taxation too.

Be wary of "long term investing". These days it behooves an investor to continually nurse the investments.

[YALE]

Well, but thank god the price of silver never fluctuates.

Exactly. I'm just pointing out shoe leather costs.

[Broncojohnny]

My favorite part of investing in commodities is their complete lack of intrinsic value. Followed closely by the lack of a dividend.

[racrguy]

My favorite part of investing in commodities is their complete lack of intrinsic value. Followed closely by the lack of a dividend.

I just buy what the preppers do. They've got this shit figured out, man!

[dcs13]

afuckingman

Worked pretty darn good for me. Only downside is I gotta mow my own grass.

Have you looked at a Roth IRA for your kid?

http://www.fool.com/money/investingforkids/investingforkids03.htm

[Forever_frost]

A 529 plan would stave off dollars depreciating. You realize you're paying more than credit card interest to unload precious metals quickly, right? Literally ANY regular fund is cheaper to get out of. Hell, paper silver is cheaper to unload, and offers the same short term advantages as real silver.

Yes, in the short term it costs a bit to unload but I am not thinking short term and if things go from bad to worse with inflation and such, they will have a fall back if I'm not around to help.

[Ruffdaddy]

Why does the kid need a hand out at all? You gonna make him start calling you Obama too?

[Broncojohnny]

Why does the kid need a hand out at all? You gonna make him start calling you Obama too?

Maybe he doesn't want his kid to end up as a worthless engineering drone at some shit company?

[2011GT]

Yes, in the short term it costs a bit to unload but I am not thinking short term and if things go from bad to worse with inflation and such, they will have a fall back if I'm not around to help.

Long term shows precious metals appreciate less then inflation.

[YALE]

Yes, in the short term it costs a bit to unload but I am not thinking short term and if things go from bad to worse with inflation and such, they will have a fall back if I'm not around to help.

Good luck, dude!

[Ruffdaddy]

Maybe he doesn't want his kid to end up as a worthless engineering drone at some shit company?

Hahahaha oh man that's was so good! I bet no parents want their kids to grow up in the top rung of pay scales with a standard work week! You must be the CEO of the same cry baby association as talisman! Show me your W2!!!!11!

Of all of my friends whose parents funded their entire college and living...guess how many make more than me or hold a higher position? zero.

I'm not saying it wouldn't have been nice to not have to work and pay my way through college...but it taught me responsibility and instilled more work ethic than I ever expected. I hated every minute of it until I got out and realized just working was great.

And to the OP, my original comment was mostly sarcasm.

[95ragtop]

My plan isn't to spoil this kid, but the exact opposite. I want him to have a great work ethic and I have something set aside for when I feel he could use the help. If he turns into a smack addicted street junky, fuck no I won't just give him a handout.

[danielhv]

My wife and I are doing the Gerber Baby Fund for our kids.

Sent from my SAMSUNG-SGH-I747 using Tapatalk

[Forever_frost]

See, I look at putting cash and assets aside for my kids not as a crutch but as a reserve. I'm not even going to tell them about paid for college until I see their grades and see if they get scholarships on their own. I'll admit, my reasons are selfish. If they are headed in a way I approve of, I'll open the safe and hand them the cash. If not? I have funds for new toys.