he should just buy S&P 500 at his age. And don't use a broker; just open an account with Fidelity. S&P 500 index is $0 fee. Warren Buffet recommends this index fund for long term investment.
儿子很有想法,但是不太礼貌。Dont need to keep tell mom "do you understand"
@graces.28273 күн бұрын
I totally understand. My older son talks in the same tone with me. I have MS degree, my son still thinks he knows more than I do. He tries to educate me as much as he can, and I enjoyed to be a good listener😀.
Cody is very handsome and mature boy, he already has the basic financial knowledge, but I don't suggest to use the margin. Cody may open Roth IRA account, and grow his tax-free assets. Cody has career goals and plans, and he thinks ahead of time... I'm very impressed! Cody will be one of the top attorneys. Come on! Cody, follow your dream! 😍
@Michelle-mq3ov3 күн бұрын
是這樣 胖媽有福羨慕你有這樣的兒子
@joytotheworld30443 күн бұрын
Just remember it is not easy to get a job as lawyer. He should go to those big cities so he knows how tough it is. Plus if you do not go to top law school you will never get a good job. You do not need to open two accounts for trading. Any investment account you can apply for margin. Never ever use the leverage to trade. If the market is down and you are using leverage, then you will get margin call and bank will sell your stock at loss. $7000 basically you can not do anything in trading.
@catherinew71693 күн бұрын
@@joytotheworld3044 太对啦
@joytotheworld30443 күн бұрын
Never ever owe credit card. Otherwise, his credit score will be terrible and it is difficult even to get a job. Thinking of retirement account now is excellent and smart.
@dysunshine82383 күн бұрын
年轻气盛不知道自己在说什么。十万工资投资匕万,两万生活,一万娱乐,联邦,卅,社安税呢谁付啊?
@graces.28273 күн бұрын
You're too serious. Cody's 70, 20, 10 rule is for single young working people. If you don't try to save as much as you can before you get married and have kids, then you have less chance of being rich.
@user-yg6kb5ls7t3 күн бұрын
有想法不可以吗
@graces.28273 күн бұрын
@@forbiddencitycat2151 Why did you imply that Cody and his mom is less-educated? Be nice! You think you're higher class than them? I DO NOT think so. Cody is more mature than most of 18-year-old. The college doesn't define where you will be, a strong desire and work ethic is more important.
Just buy the stocks of some very good companies, like Walmart. Disneyland or google, Microsoft....... long term you will make a lot of money! buy when the price is down. check the ten year chart