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My 10 year old son wants to invest $100

Posted on 11/7/20 at 10:19 pm
Posted by Byrdybyrd05
Member since Nov 2014
26075 posts
Posted on 11/7/20 at 10:19 pm
He said he wants to make money and what is the best route to go for him?
Posted by SG_Geaux
Beautiful St George, LA
Member since Aug 2004
79593 posts
Posted on 11/7/20 at 10:20 pm to
Put it on black. JK

Custodial Brokerage Account
This post was edited on 11/7/20 at 10:22 pm
Posted by tigersint
Lafayette
Member since Nov 2012
3562 posts
Posted on 11/7/20 at 11:18 pm to
Chainlink
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81720 posts
Posted on 11/8/20 at 8:11 am to
Fidelity and go with a large cap growth fund

Or Coinbase and put it in Bitcoin. With a small amount of money, there’s a much better chance of making a meaningful return in bitcoin with a 8+ year horizon, assuming he wants to keep it in until then.
Posted by CheEngineer
Louisiana
Member since Aug 2019
4234 posts
Posted on 11/8/20 at 4:22 pm to
Russel 1000 Growth

Grows by 15% for the last decade.
Posted by geauxpurple
New Orleans
Member since Jul 2014
14882 posts
Posted on 11/8/20 at 7:10 pm to
Alabama minus the points.
Posted by SEC. 593
Chicago
Member since Aug 2012
4282 posts
Posted on 11/8/20 at 11:27 pm to
Was coming to say this exact thing.
Posted by daydranking
nunya
Member since Sep 2019
482 posts
Posted on 11/9/20 at 5:12 am to
cryptocurrencies and gold are the best bet
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
8423 posts
Posted on 11/9/20 at 8:23 am to
NIO 0DTE OTM Calls
Posted by tigergrl
Member since Nov 2008
52 posts
Posted on 11/9/20 at 9:25 am to
my teen wanted to do this as well this spring. We set up Ameritrade account for him and he is constantly on there looking at what he needs to buy or sell. I think its great for them to get interested so early.
Posted by tennman
Member since Nov 2020
2 posts
Posted on 11/9/20 at 9:33 am to
He could buy a domain name for $10 and start a website with a corresponding YouTube channel. For many people, what they put into that has been a phenomenal investment.
Posted by Tigahs7
Louisiana
Member since Oct 2020
193 posts
Posted on 11/9/20 at 11:06 am to
he's 10. go buy a bike and worry about investing money when oh you know, he actually has a job and career
Posted by FlyinTiger93
Member since May 2010
3722 posts
Posted on 11/9/20 at 3:15 pm to
Vegas escort
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/9/20 at 3:38 pm to
quote:

He said he wants to make money and what is the best route to go for him?


My dad got me interested in business when I was about 6 by “selling” me a calf and teaching me about expenses, profits, losses, etc. Learning about debt and equity markets is fine, but gaining a basic understanding of what constitutes a business at a fundamental level is really helpful... and necessary (at some point).

Anything in your area that he could get started in for small dollars?
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