Posted:
#1
i just wanna drop 10 grand forget about it for 20 years. will tobacco still be around in 2030? or just go with ko? thanks
altria or phillip morris or coke
Views: 622
Posts: 8
Posted:
#2
PM would be my bet, but the entire concept is of dubious value. Forget about it? I would find it improbable or desirable to forget any investment for so many years.
Tobacco will be around in thirty years... and the cigarette makers will be delivering the more popular, less dangerous choice, marijuana, even should tobacco, be much less in demand.
Posted:
#5
I would suggest the following, simply for your consideration. I would invest the 10k in something like Berkshire B shares, or Coke, or whatever. But when he hits age 15, cash out half and let him manage it, having gotten him interested in the market at age 12.
Kids are into making money, and having taught some 12 year olds the stock market, I can tell you they get the basic market multiples etc.(They all start out as complete greedheads, of course, with wild ideas of future riches). We papertraded, of course, but not before we went over compound interest with them. They went nuts...and had a lot of fun in the process.
You might be amazed at how much he gets into it....good luck.
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