Investing General Discussion

Furry

Furry

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Caligula_The_Cat said:
Starting an investment account for my newborn. The plan is 50$ a month into the account until he hits 18. ChatGPT advised to just keep putting the money into Fidelity Freedom® Index 2045 Fund (FIOFX), basically set it and forget it. This would be separate from his college investment and to be used for a car or living expenses when he turns 18. Any advice?
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100% agree with kithani. A 2045 fund is intended for someone retiring in 2045. Your kid is not retiring in 2045.

Go full on S&P, and just be willing to be flexible with and how you use it. Don't consider only things like just handing it over lump sum. If the kid is smart, it might be wise to take loans and then pay them with the earnings from your fund. If they are a dumbass it might be worth putting toward a house. See what you end up with and how it would best be used for them and then do the math on your options. Even if the S&P for some reason gets slapped hard, the answer could be just wait a little on using it.

Also, I'd strongly consider a Roth IRA in the kids name being the vehicle, or at least partial vehicle. If its in their name they'll be able to withdraw contributions whenever and growth without penalty at income tax rates which are super low if they go to college. And since contributions would easily cover a car, you could cashflow a car at the right age. Custodial roth is 100% how I'd go for almost all situations.
 
Kithani

Kithani

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Furry said:
100% agree with kithani. A 2045 fund is intended for someone retiring in 2045. Your kid is not retiring in 2045.

Go full on S&P, and just be willing to be flexible with and how you use it. Don't consider only things like just handing it over lump sum. If the kid is smart, it might be wise to take loans and then pay them with the earnings from your fund. If they are a dumbass it might be worth putting toward a house. See what you end up with and how it would best be used for them and then do the math on your options. Even if the S&P for some reason gets slapped hard, the answer could be just wait a little on using it.

Also, I'd strongly consider a Roth IRA in the kids name being the vehicle, or at least partial vehicle. If its in their name they'll be able to withdraw contributions whenever and growth without penalty at income tax rates which are super low if they go to college. And since contributions would easily cover a car, you could cashflow a car at the right age. Custodial roth is 100% how I'd go for almost all situations.
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Don’t think you can start a Roth for a newborn with no income homie
 
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Synj

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Caligula_The_Cat said:
Starting an investment account for my newborn. The plan is 50$ a month into the account until he hits 18. ChatGPT advised to just keep putting the money into Fidelity Freedom® Index 2045 Fund (FIOFX), basically set it and forget it. This would be separate from his college investment and to be used for a car or living expenses when he turns 18. Any advice?
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VOO/VTI

Target date funds gonna rotate into bonds and old people bullshit.
 
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A

Aorin

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You can also contribute to a 529, that they can later roll into a Roth IRA. The max you can roll over for that is $35,000(This doesn't appear to be indexed for inflation...so that part sucks). For my son I contribute monthly to both an UTMA(100% S&P 500), and a 529(Vanguard Total US Stock Market). For the 529 I am aiming to be around 35k by the time he is 18, at which point I will start rolling it over to match whatever earned income he has. There are some other rules like the 529 has to be 15 years old, and you can only roll over the contribution limit each year. Or you could just use the 529 for school...
 
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Jysin

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Blazin Blazin & Sanrith Descartes Sanrith Descartes

Apple dipping below the 100D MA today and with a Forward PE of 28, it is far below other tech names.

I have bought some here. I could indeed be early on this trade, but 2026+ should be a super cycle year for Apple.

New M5 MacBook Pros were delayed until (rumored) this month. They will be a complete miss, as they are a very tiny iterative change. However, markets are forward looking and late 2026 has the completely new redesigned from ground-up MacBook Pro with the M6 chips and OLED screens. Many are eager to see what comes of this, myself included.
*Edit* Also the introduction of a low-cost MacBook in the $699-$999 price range for entry level users. An argument can be made that this lures new customers into the walled garden.

Also in late 2026 will be the debut of the iPhone Fold model.
2027 brings the complete overhaul of the flagship iPhone Pro which is the 20th anniversary and should have dramatic changes.

I am skeptical on anything AI with this company but major Siri changes are due this year. They are so far behind the AI curve that anything should be an improvement from here.

Speaking of AI, the M5 Max & Ultra MacStudio is due by this summer. This is a massive platform for content creators and recent software changes to the Thunderbolt 5 connectivity between devices has allowed for local LLMs on a massive scale on a tiny 4 device stacked footprint. Current configs have 2TB of shared RAM between a 4x MacStudio M3 Ultra over TB5 connectivity. Check out some geeky YouTube videos on these. The point is, the leap from the M3 to M5 Ultra this year should be a massive leap in local compute.

I am bullish.. but maybe early to the game. I have plenty of ammo to add if we want lower. Keep an eye on this one.
 
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Blazin

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Jysin said:
Blazin Blazin & Sanrith Descartes Sanrith Descartes

Apple dipping below the 100D MA today and with a Forward PE of 28, it is far below other tech names.

I have bought some here. I could indeed be early on this trade, but 2026+ should be a super cycle year for Apple.

New M5 MacBook Pros were delayed until (rumored) this month. They will be a complete miss, as they are a very tiny iterative change. However, markets are forward looking and late 2026 has the completely new redesigned from ground-up MacBook Pro with the M6 chips and OLED screens. Many are eager to see what comes of this, myself included.

Also in late 2026 will be the debut of the iPhone Fold model.
2027 brings the complete overhaul of the flagship iPhone Pro which is the 20th anniversary and should have dramatic changes.

I am skeptical on anything AI with this company but major Siri changes are due this year. They are so far behind the AI curve that anything should be an improvement from here.

Speaking of AI, the M5 Max & Ultra MacStudio is due by this summer. This is a massive platform for content creators and recent software changes to the Thunderbolt 5 connectivity between devices has allowed for local LLMs on a massive scale on a tiny 4 device stacked footprint. Current configs have 2TB of shared RAM between a 4x MacStudio M3 Ultra over TB5 connectivity. Check out some geeky YouTube videos on these. The point is, the leap from the M3 to M5 Ultra this year should be a massive leap in local compute.

I am bullish.. but maybe early to the game. I have plenty of ammo to add if we want lower. Keep an eye on this one.
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I agree I was thinking it just needed a little more time. AMZN just started pumping and was looking for that trade to lose momentum for apple to start moving as they definitely seem to take turns
 
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Borzak

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I peek in on the silver bugs from time to time. A couple of places were "out" of rounds and bars a while back. It cleared up. I think shops got spooked and didn't want to get caught holding silver if the bottom really fell out, took a cut but the bottom didn't fall out. But buying bars and rounds you take a cut on the front end buying it and a cut on the other end selling it.
 
Haus

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Lightning Lord Rule said:
Well boys, time to go mad long:

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And the prophets of Bull Jesus have spoken.. SO SAYS THE LORD
bulljesus2.jpeg

All hail his girthy green might!
 
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Falstaff

Falstaff

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Jysin said:
Blazin Blazin & Sanrith Descartes Sanrith Descartes

Apple dipping below the 100D MA today and with a Forward PE of 28, it is far below other tech names.

I have bought some here. I could indeed be early on this trade, but 2026+ should be a super cycle year for Apple.

New M5 MacBook Pros were delayed until (rumored) this month. They will be a complete miss, as they are a very tiny iterative change. However, markets are forward looking and late 2026 has the completely new redesigned from ground-up MacBook Pro with the M6 chips and OLED screens. Many are eager to see what comes of this, myself included.
*Edit* Also the introduction of a low-cost MacBook in the $699-$999 price range for entry level users. An argument can be made that this lures new customers into the walled garden.

Also in late 2026 will be the debut of the iPhone Fold model.
2027 brings the complete overhaul of the flagship iPhone Pro which is the 20th anniversary and should have dramatic changes.

I am skeptical on anything AI with this company but major Siri changes are due this year. They are so far behind the AI curve that anything should be an improvement from here.

Speaking of AI, the M5 Max & Ultra MacStudio is due by this summer. This is a massive platform for content creators and recent software changes to the Thunderbolt 5 connectivity between devices has allowed for local LLMs on a massive scale on a tiny 4 device stacked footprint. Current configs have 2TB of shared RAM between a 4x MacStudio M3 Ultra over TB5 connectivity. Check out some geeky YouTube videos on these. The point is, the leap from the M3 to M5 Ultra this year should be a massive leap in local compute.

I am bullish.. but maybe early to the game. I have plenty of ammo to add if we want lower. Keep an eye on this one.
Click to expand...
Sanrith hasn’t posted since he disclosed he had a billionaire brother in law who had access to SpaceX equity. I fear the worst.
 
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