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Reply to "Small gifts of high risk early stock for my teen’s Roth IRA"
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[quote=Anonymous][quote=Anonymous]I am poor, my teen has a part time job and helps me out a little. I opened a Roth IRA for him and put some money there in FXAIX and the like. I want to spend $100 each for maybe 5 companies that just barely went public and are high risk and have a potential of becoming the next Amazon or Apple in the next 45 years. Is this even a good idea and if yes, what should I buy? I am ok with pissing away that money as most of his contributions will be in indices anyway [/quote] My .02 is that the better “lesson” to show your teen is the power of compounding interest. Keep adding to low cost index funds and when it’s time for him to retire, he’ll thank you. [/quote]
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