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Portfolio123 » List all forums » Forum: General Comments » Thread: Portfolio for kids |
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Total posts in this thread: 5 |
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rmylek
Member
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Anybody have any suggestions on starting a portfolio for a couple of kids. I would like to start out with about $500 each and then periodicly add money to there account. Thanks Robert |
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KAR
Advanced Member
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Robert, You may want to examine Scottrade due to their $500 min and no fee to open/maintain account. They offer a number of interesting American Century Mutual Funds for a $250 min per fund. I have not found any broker that offers a lower minimum. I have found their service to be top notch. Like them a lot. I have never used them, but you may want to check out Sharebuilder. You may be elgible for a rebate if you join thru Costco. Kurt |
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olikea
Advanced Member
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How about Dogs of the Dow? Relatively low risk/simple to understand... |
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jpkernot
Advanced Member UNITED KINGDOM Joined: Oct 9, 2005 Posts: 223 Status: Offline |
I think you can see, using only $500 as a starting point, just how fast you can arrive at zero after commissions and slippage. My suggestion is to use a market tracker mutual fund and add to it (dollar average) every month until you build a decent amount to invest and then start using P123. ---------------------------------------- Thanks! |
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dwpeters
Advanced Member
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Hi, There was a previous discussion re. how to teach children about stocks here Zecco.com has a $2000 minimum but it also has $0 commissions for the first 10 trades/month. I've been trading a small account there since the summer and I like it. There's an article here about a balanced starter mutual fund portfolio. Could do something similar with ETF's also. Don |
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