Comments on: 4 Great Ways to Spread Investments Around!

By: J. Money

J. Money — Fri, 28 Feb 2020 20:38:47 +0000

oh man, yeah – that would be no fun haha… I’d cash out too and then just re-invest, smart! (although isn’t that stock better than nothing at all or junk you would have gotten in its place and no longer have?)

By: SpaceySteph

SpaceySteph — Thu, 27 Feb 2020 21:38:43 +0000

Depending how the first poster is buying the stock as souvenirs, they’re likely making a big hassle for their kids in the future. I had a smattering of gift stocks (including Disney), and getting them converted from UTMA to a regular holding is nearly impossible (requires excessive documentation and for both my father and I to be present and sign a form in front of a notary, except we live in different states now).

In the meantime, even though they were filed under my SSN and I was a legal adult, I still had to get my dad to call them to update the mailing address etc. I eventually just sold them all rather than bother trying to do that. Also that Disney stock netted about $4 a year in dividends, so they wouldn’t go very far in paying for a disney vacation.

By: J. Money

J. Money — Fri, 07 Feb 2020 16:44:46 +0000

In reply to GJ. Plenty of time to stare and smell it all :)

By: GJ

GJ — Thu, 06 Feb 2020 22:00:51 +0000

In reply to Cindy. I'm actually the complete opposite! Haha! I only physically go to our credit union a few times a year. I can mobile deposit a check in 30 seconds, but cash sits in our office for what feels like forever until I finally make myself drive over and deposit it.

By: Revanche @ A Gai Shan Life

Revanche @ A Gai Shan Life — Thu, 06 Feb 2020 18:57:37 +0000

In reply to Cindy. I gave my younger cousins checks for big milestones and had to laugh when I found out why they wouldn't deposit it. Back in the day, you had to hand over the check to the bank, and they didn't want to give it up! Yay for mobile banking these days ;)

By: J. Money

J. Money — Thu, 06 Feb 2020 14:34:57 +0000

In reply to Abails. I'm okay with that :) Everyone wins!

By: J. Money

J. Money — Thu, 06 Feb 2020 14:33:32 +0000

In reply to Tina. YES!! VERY SMART!!! Will be interesting to see if she becomes a convert later on or grows up to be a day trader ;) Either way I hope this blog is still around so you can let me know! Haha...

By: Abails

Abails — Thu, 06 Feb 2020 05:27:19 +0000

These were very sweet! Thank you for sharing. We live far from our family, so my kids receive money pretty often as gifts. They will get $20 to spend as they choose, along with other “real” money if someone also wants to contribute to their 529s. That way they can still buy the Legos they desperately need, and we save for the future too!

By: Tina

Tina — Wed, 05 Feb 2020 21:23:06 +0000

Stockpile looks awesome! My daughter (14) has her savings in my investment account for convenience and we often talk about the amount, but I don’t think it’s real to her. She is learning a little about retirement accounts and compound interest in one of her classes this year and (FINALLY!) has showed some interest. I’m thinking I may open a stockpile account for her, buy $100 worth of my preferred index fund and let her do what she wants with another $100. She can get the experience of curiosity while have the performance comparison against the oh-so-stable index fund! Thanks for the idea!

By: J. Money

J. Money — Wed, 05 Feb 2020 19:09:09 +0000

In reply to Yanira.

yeah – that’s a good one!!

I haven’t actually done any of this for my own kids since all their $$$ goes into their 529 accounts that I control, but at some point I know I’ll need to do it once my kids get as obsessed with this stuff as we are :) And something tells me index funds won’t nearly be exciting enough to do the trick, haha…