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re: Investments for kids
Posted on 2/22/10 at 7:39 pm to TigerKAPs
Posted on 2/22/10 at 7:39 pm to TigerKAPs
Try a DRIP. Exxon used to have one that I invested in when I was young. Basically, you sent the check directly to the company instead of to a brokerage, so no transaction fees were involved. My dad would always match me 100% when I invested. Over the years I saved a lot of money.
https://www.dripadvice.com/best_drips.html (as of 2006, at least)
Oddly, I can't find information on this program. Does anyone know if it still exists for Exxon?
https://www.dripadvice.com/best_drips.html (as of 2006, at least)
Oddly, I can't find information on this program. Does anyone know if it still exists for Exxon?
1
Posted on 2/22/10 at 7:49 pm to Bayou Tiger
I did read about DRIPs earlier today, very briefly though.
Yes, I do realize that the younger you are, the more risk you should be willing to take, but I am talking about something very simple for my kids. Basically something to let the money sit there and grow over the years. I am looking into some companies for CD rates.
Thanks for the input.
Yes, I do realize that the younger you are, the more risk you should be willing to take, but I am talking about something very simple for my kids. Basically something to let the money sit there and grow over the years. I am looking into some companies for CD rates.
Thanks for the input.
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