I have a son out on his own and with about 3-4 thousand to invest.
I got him setup at Scottrade last night.
But the problem for me is that he expects me to give him advice on where to put it.
He mistakenly believes I'm an investment genius because I retired early because of my stock trading. I'm in a different place now where my mindset is getting more conservative - I sometimes pick a stock and trade it in ranges (I don't want him to do as I do! at least not until he gets 10-30 yrs of experience ) and I'm frankly worried about the economy and the world in general (bird-flu, oil, conflicts, etc.) and its effect on the markets.
As always, when in doubt - I come to the forum.
He wants to make more than Money Market/CD/Treasury returns (Mostly where I'm at now) - What is your collective advice?
Of course, whatever you tell me I will pick the best advice and claim it as my own.
A Father has to do what he has to do to retain a certain level of respect from his kids.
DanTien
I got him setup at Scottrade last night.
But the problem for me is that he expects me to give him advice on where to put it.
He mistakenly believes I'm an investment genius because I retired early because of my stock trading. I'm in a different place now where my mindset is getting more conservative - I sometimes pick a stock and trade it in ranges (I don't want him to do as I do! at least not until he gets 10-30 yrs of experience ) and I'm frankly worried about the economy and the world in general (bird-flu, oil, conflicts, etc.) and its effect on the markets.
As always, when in doubt - I come to the forum.
He wants to make more than Money Market/CD/Treasury returns (Mostly where I'm at now) - What is your collective advice?
Of course, whatever you tell me I will pick the best advice and claim it as my own.
A Father has to do what he has to do to retain a certain level of respect from his kids.
DanTien