/biz/ - Business & Finance

[Anonymous No.15246623]

My first child will be born in 6 days. I want him to have a college fund when he is 18 years old.

I will invest a portion of each month's income into a separate investment account that is marked solely for his future college expenses.

What type of investment account should I open and with which company? I was thinking something with Vanguard that tracks the S&P. I'm open to your recommendation because I never had a college fund and I want to do this right for my son's future.

[Anonymous No.15246635]

buy him chainlink dumb faggot

[Anonymous No.15246675]

Colleges are privately owned businesses that have become exceedingly efficient at swooping up unearned money from uninformed kids and dumping them out with relatively no new skills.

[Anonymous No.15246682]

>opening a portfolio now
He's getting a full ride to a CC

[Anonymous No.15246706]

>>15246623
Waste of money. Berne is going to make all colleges free, so you're better off investing it in crypto.

[Anonymous No.15246717]

>>15246623
Congrats my man. Word of advice put money into LINK but most of it keep in a savings account that he can use to buy a home. College is a meme unless it’s stem put him through the trade-school of his choice and tell him to pay for his own school if he wants. This will not only set him up for success but you’ll see if he actually wants to go to school.

[Anonymous No.15246725]

>>15246623
nice larp haha
to have a child you need to have sex with a female vagina, so i doubt anyone on this board ever experienced this kind of situation

[Anonymous No.15246729]

Do you really expect us to believe anyone who browses /biz/ actually had sex, much less managed procreate?

[Anonymous No.15246738]

>>15246623
>College

[Anonymous No.15246739]

>>15246706
memes aside, it's hard to picture the current college paradigm still alive and well by year 2040. are people going to spend $1M on college, with less and less of a guarantee? something will have to give before that

[Anonymous No.15246745]

>>15246725
That hole you have from that Jew doctor is not a vagina Steve stop larping as Shannon.

[Anonymous No.15246813]

>>15246623

It would be better to force your son to pay for his own college experience if he chooses that route. You don’t even know if he’s going to want to go college, and it’s not your choice to make. The truth is that we learn very little in undergrad and we’re just working for that fancy piece of paper which says we’re ready for a real world job, but in most cases we’re really not. Trade skills are in demand too, and someone like a welder or electrician will likely be able to get a job anywhere. College isn’t for everyone.

My parents paid for my first two years so I wasn’t motivated to work very hard. Once they cut me off and I became extremely poor I went out and got a job. The last 2 years of college were exhausting for me but my grades were better and I finished school on time, while my rich roommates took another 1-2 years to finish because they simply weren’t motivated enough.

[Anonymous No.15246855]

>>15246623
https://www.savingforcollege.com/intro-to-529s/what-is-a-529-plan

You’re looking for a 529 plan anon. It’s kinda like a Roth IRA, you don’t pay taxes on any gains made as long as you use it for college expenses when you kid gets to college age. Lots of them have time based plans, if he’s going to go to college in 18 years you pick an exit point 2037 plan. It pick generic stocks that mimic stuff like the S&P 500 and different sectors like growth, value, utilities etc. As you get closer to your exit point it switches more and more to bonds to protect your investment from a crash right before he hits college. Good on you for helping keep your kid out of debt. He probably won’t realize what you’re doing for him till his mid 20s when all his friends are up to their eyeballs in college debt and he isn’t but he’ll thank you for it some day.

[Anonymous No.15246863]

>>15246623
>18 years
Isn't the whole supposed to be like 500 degrees by then? Kill yourself

[Anonymous No.15246883]

>>15246623
>imagine sending your child to a communist brainwashing institution AND paying for it

[Anonymous No.15246962]

>>15246682
>>15246706
We don’t know that for sure. I’m doing this to prepare in case that doesn’t happen.

>>15246717
There are many useless degrees offered at colleges, there are also some degrees that prepare an individual for an industry that provides value.

I want my son to have the option.

>>15246725
>>15246729
Reading your comment actually made me smile. Not as in laughing at you, but as in thinking of myself. Some of us have moved on, I’ve come along way. You can too.