Investments and creative thinking exercise, help me help others.

Investments and creative thinking exercise, help me help others.

This is a discussion on Investments and creative thinking exercise, help me help others. within the Off Topic & Humor Discussion forums, part of the The Back Porch category; Without being to specific, I'm a leader in a group that helps young people become successful and financially secure adults. I'm putting on a short ...

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  1. #1
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    Investments and creative thinking exercise, help me help others.

    Without being to specific, I'm a leader in a group that helps young people become successful and financially secure adults. I'm putting on a short class that teaches young people to start investing, both their money and themselves.

    So, I'm looking for creative ideas to explore in investing small amounts of money, say $1000.00 and less. The usual advice like DSPs DRIPs, IRA, and even precious metals will be discussed. I'm looking for the lesser known avenues to get the ball rolling and gears turning.

    I thought I'd take advantage of the diverse group here and see what ya'll come up with.

    Fire away.
    "Just blame Sixto"


  2. #2
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    Guns,ammo, and above all else...food.

    At the present rate of decay, someday those items will be priceless and when it is...

    none of the other crap will matter.
    I would rather stand against the cannons of the wicked than against the prayers of the righteous.


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  3. #3
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    Quote Originally Posted by HotGuns View Post
    Guns,ammo
    I already said precious metals. LOL.
    "Just blame Sixto"

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    VIP Member Array suntzu's Avatar
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    I don't know if you count this but so we did not have to worry about us or our son being burdened by Student Loans, we started purchasing low risk stocks and long term bonds when he was born and all of that is in a trust fund he can't touch until he is 21. He is 17 now and ready for college next year and his fund is in 6 digits. I guess what I am saying is by investing in his future, we also invested in ours. We don't have to take out a second mortgage like others have to do. So I guess it is a concept, not a specific investment plan.
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  5. #5
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    Quote Originally Posted by suntzu View Post
    I don't know if you count this but so we did not have to worry about us or our son being burdened by Student Loans, we started purchasing low risk stocks and long term bonds when he was born and all of that is in a trust fund he can't touch until he is 21. He is 17 now and ready for college next year and his fund is in 6 digits. I guess what I am saying is by investing in his future, we also invested in ours. We don't have to take out a second mortgage like others have to do. So I guess it is a concept, not a specific investment plan.
    It counts... I was planning on touching a little on the state sponsored school savings plans they have out now (which suck IMO) and how they compare to an IRA. I'd be interested in hearing how you set it up.

    One area that I have been successful in is creating a small business and turning a low investment into something.... either I ride it out until the market doesn't support it anymore or sell. Its not for everyone, as I typically tap my own interests and talents.
    "Just blame Sixto"

  6. #6
    VIP Member Array suntzu's Avatar
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    Quote Originally Posted by SIXTO View Post
    It counts... I was planning on touching a little on the state sponsored school savings plans they have out now (which suck IMO) and how they compare to an IRA. I'd be interested in hearing how you set it up.
    I'll PM ya later today. As far as your question though I don't know how they compare but we are happy with the amount he has. His is tax free till he cashes it in and no taxes I believe for what he uses to pay off student loans. He even gets divdend check from the stocks and he uses that in lieu of an allowance. He has managed his own money since he was 6 or 7 years old. He is going to a fine school (expensive) but he should not owe a dime when he graduates and will have a sizeable chunk left over to get him started in life (like a house).

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    Member Array l1a1's Avatar
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    Quote Originally Posted by SIXTO View Post
    Without being to specific, I'm a leader in a group that helps young people become successful and financially secure adults.
    Fess up Sixto. What gang is it?

  8. #8
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    I just want to say one word to you. Just one word.

    Are you listening?

    Plastics.
    Rock and Glock and Hopyard like this.
    A man fires a rifle for many years, and he goes to war. And afterward he turns the rifle in at the armory, and he believes he's finished with the rifle. But no matter what else he might do with his hands - love a woman, build a house, change his son's diaper - his hands remember the rifle.

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    If teaching such a class, I'd start with the fundamentals of risk/reward. Then perhaps help them understand what type of investing is very safe (and what the reward is), all the way up to risky day-trading.

    Santa Claus brought my 11-yr-old son a share of Microsoft for Christmas. He's since pooled his money and bought a share of Crispy Creme. He tracks the stock in a spreadsheet and built a graph to reflect it, and now tracks any news feeds.

    I used to do 'play investments' with stocks. I'd research and pick companies that I thought were good, invested play money, and tracked them as though they were real investments. I then came to the conclusion that even with stocks where my company had labeled me as an 'insider', there was so much manipulation going on that I still couldn't anticipate where it was going.

    I find real estate to be far easier to assess, understand and predict.

    Leading a class like that sounds like a lot of fun. I'm a little envious.
    __________________________________
    'Clinging to my guns and religion

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    I like real estate too, but I don't know that you can get in with 1000 or less. If there is, I'm all ears.
    "Just blame Sixto"

  11. #11
    VIP Member Array Gene83's Avatar
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    One thing that many people overlook is employee stock purchase plans with company matches. Walmart for example, offers a company match of fifteen cents on the dollar up to $1800 a year, even for part-time employees. That's a 15% return on your investment.
    "The superior man, when resting in safety, does not forget that danger may come." ~ Confucius

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    Member Array Cory1022's Avatar
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    Alcohol, strip clubs, and funeral homes are pretty recession proof.
    Make money the old fashioned way: inherit.
    OK, seriously now.
    In addition to my 'extravagant' pension (which we have paid into since inception, 6% and now 8%, even though the town decided they didn't have to while times were good...), I have a 457 throught the fire department. It's the public employee's 401k. I stopped funding it for now in favor of ROTH's, based on tax-free withdrawals. We make small contributions to kids' 529's.
    My best advice is they need goals. Not sure how bad housing is there, but I have no idea how my kids could afford to live in CT much less buy a house in a 'nice' town. If all they want is shiny cars and vacations, accept the fact that they may have to sacrifice other things.
    IF you are looking at straight investing, not mutual funds and stuff, pick something you know something about and look for something promising. For us here, stock in guns, ammo, ???. If they do video games, pick a software company that just hired the genius behind the last big game for another brand. (I am not advocating THAT, just an example). This is kind of an oversimplification of Peter Lynch, Learn to Earn. He an Fidelity Magellan and did fairly well, I assume you know who he is but I didn't until the early 90's. I'm by no means anything more than an amateur, but there's my two shiny coppper clad zinc discs. I can get you in touch with my dad, he's done something similar and is mostly retired and spends his days blacksmithing in his new barn and doing Patriot Guard functions.

    CC

    PS, Grandfather invested in oil companies a LONG time ago (1930's maybe?), did very well. I tend to doubt it would be a bad investment if you read up on it.
    PPS,my son's Disney stock is relatively flat over 13 years.
    Last edited by Cory1022; January 18th, 2012 at 08:18 PM. Reason: addendum

  13. #13
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    Savings account at bank. Boring, minimal return, but everyone needs CASH in case of emergency. Allocate some of the $1,000 to plain old boring cash.

    For you youngsters with young'uns here's an idea: The Bank of Dad: Every $$ the kiddo puts into the Bank of Dad earns 50% interest immediately, 50% to the immediate want and 50% allocated to a college fund. Example. Kid is saving for a BB Gun that costs $25. Kids deposits $5 from a birthday present/chores. Dad deposits $2.5. The kid can use $1.25 of the $2.5 for the BB Gun. Teaches kids to save. When they get older, have 50% of what they earn go into a college account............When they have enough income, Dad can set up and fund an IRA for the kids.

    I have clients funding IRA's for their kids that way, and I did it myself. My two kids now have a great start on an IRA.

    Wonder what an IRA can grow too over 50 years? A whole bunch.
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  14. #14
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    This is actually something I am rather interested in and spend a fair amount of time researching.

    Back in the 6th grade I was on a team that won a city wide stock market game, put on by one of the big name investment firms. They actually paid us with real money. Basically they gave us something like $10,000 fake dollars to invest, and the team that had the most after 3-4 months won.

    And I have been investing ever since actually, that year I asked for stock for my birthday.

    I do a fair amount of reading and research on stocks, IRA's, mutual funds, EFTs, and have begun learning more about precious metals. If you need anyone to give you a hand, let me know. If this is more than a one time class, definitely do something along the lines of the game, where each kid or team gets a set amount of fake money, and needs to come in every week showing what their portfolio did for the previous week.
    Rock and Glock likes this.
    Fortes Fortuna Juvat

    Former, USMC 0311, OIF/OEF vet
    NRA Pistol/Rifle/Shotgun/Reloading Instructor, RSO, Ohio CHL Instructor

  15. #15
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    If you talk about stocks, highlight some companies the kids can relate to based on their socio-economic background. There are a lot of good examples for kids and stocks........just depends on their backgrounds.

    Kellog Cereal, Proctor & Gamble, Electronic Arts, Disney, etc.

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