AW, I assume your daughter's account is tax free, so you might want to try to get her a nice dividend. I recently bought a Canadian natural gas trust, PTF, for a few family members. I think think the sector is solid and it's hard to beat the 13% yield. Not as much fun as KKD but you want to start her off with a winner or else she won't listen to daddy anymore.
Seeing as how she's already nine you only have a few years/months/weeks/minutes, as the case may be, before that happens anyway, so perhaps it really doesn't make too much difference. Pretty soon she'll just want the car keys and the credit card and explain to you, for the hundreth time, how you should hide in the basement when her friends come over. You know, now that I think about it, forget what I said about PTF - kids today don't deserve such a solid pick. Just get her a few shares of The GAP or wherever the local hoodlums are shopping these days, and allow her see the joys of what happens to an overpriced retailer as the hammer comes down on this bloated economy. That should, as they say, "Keep it real".
Well I gotta go, but just remember to let these immortal words guide you:
Children are rarely in the position to lend one a truly interesting sum of money. There are, however, exceptions, and such children are an excellent addition to any party.
--Fran Lebowitz (1933 - ____) US philosopher, lecturer, author, Metropolitan Life, 1978
"Children do not give up their innate imagination, curiosity, dreaminess easily. You have to love them to get them to do that."
--R. D. Laing (1927-88), The Politics of Experience
Children are given to us to discourage our better emotions.
--Saki (1870 - 1916) Scottish short-story writer |
