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My 10 year old son wants to invest $100
Posted on 11/7/20 at 10:19 pm
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 on 11/7/20 at 10:20 pm to Byrdybyrd05
Put it on black. JK
Custodial Brokerage Account
Custodial Brokerage Account
This post was edited on 11/7/20 at 10:22 pm
Posted on 11/8/20 at 8:11 am to Byrdybyrd05
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.
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 on 11/8/20 at 4:22 pm to Byrdybyrd05
Russel 1000 Growth
Grows by 15% for the last decade.
Grows by 15% for the last decade.
Posted on 11/8/20 at 7:10 pm to Byrdybyrd05
Alabama minus the points.
Posted on 11/8/20 at 11:27 pm to TigerTatorTots
Was coming to say this exact thing.
Posted on 11/9/20 at 5:12 am to Byrdybyrd05
cryptocurrencies and gold are the best bet
Posted on 11/9/20 at 9:25 am to Byrdybyrd05
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 on 11/9/20 at 9:33 am to Byrdybyrd05
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 on 11/9/20 at 11:06 am to Byrdybyrd05
he's 10. go buy a bike and worry about investing money when oh you know, he actually has a job and career
Posted on 11/9/20 at 3:38 pm to Byrdybyrd05
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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