$1,000 investment for babies?

[Anonymous]

Anonymous wrote:This thread is why politics is so lame and why a lot of people don’t vote.

This is on its face an excellent proposal and would get a lot of kids vested in this country’s success. Stop just blindly hating because Trump suggested it. The only people who should disagree with it are either commies who hate markets and don’t want to encourage kids to route for America’s success and far right doctrinaire libertarians like Rand Paul.

It’s dumb and short sighted. If you want people to have kids; fix our broken daycare system! Give back the child tax credit!

[Anonymous]

Anonymous wrote:

Anonymous wrote:$1000 will only motivate the poorest Americans to have kids, and then neglect them.

How? They wouldn't be able to use the money. But it should not go to an index fund, it should go to a govt bond.

Why should it go to a government bond and not an index fund? This money will be in there for the long term - much better in an index fund. Or at least a Targeted Date fund like they do with 529s.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$1,000 would generate $304,000 by age 60 assuming a standard rate of return for the S&P 500, which is 10%. If these kids kept it in until 70 it would balloon to $789,000. By 80 it would be $2.04 million.

This is a great proposal. I would have loved it if Obama or Biden proposed it. I don’t care that Trump proposed it. Same applies for no taxes on overtime or tips.

Dems should pick their battles. Publicly opposing this because orange meanie is doing it is bad politics.

I'll believe it when I see it.

You’ll believe stats about the historical yearly average performance of the S&P 500 for 100+ years that you can easily search for on Google? Okay! Cool story.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$1,000 would generate $304,000 by age 60 assuming a standard rate of return for the S&P 500, which is 10%. If these kids kept it in until 70 it would balloon to $789,000. By 80 it would be $2.04 million.

This is a great proposal. I would have loved it if Obama or Biden proposed it. I don’t care that Trump proposed it. Same applies for no taxes on overtime or tips.

Dems should pick their battles. Publicly opposing this because orange meanie is doing it is bad politics.

I'll believe it when I see it.

You’ll believe stats about the historical yearly average performance of the S&P 500 for 100+ years that you can easily search for on Google? Okay! Cool story.

DP it depends on your timing.

[Anonymous]

Anonymous wrote:$1,000 would generate $304,000 by age 60 assuming a standard rate of return for the S&P 500, which is 10%. If these kids kept it in until 70 it would balloon to $789,000. By 80 it would be $2.04 million.

This is a great proposal. I would have loved it if Obama or Biden proposed it. I don’t care that Trump proposed it. Same applies for no taxes on overtime or tips.

Dems should pick their battles. Publicly opposing this because orange meanie is doing it is bad politics.

The S&P 500's average annual return over the past 30 years (1994-2024) is approximately 9.33%.
The S&P average return is roughly 6.3% when adjusted for inflation. This is if you do not run in to a decade or two with flat returns.