Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (84068)	12/7/1998 2:20:00 PM
From: jbn3	Read Replies (2) \| Respond to of 176387

To the thread: (public service announcement) ;-} Just a thought: With Christmas just around the corner, I recommend that you consider establishing an IRA (preferably ROTH IRA) for your children or grandchildren. If you have a relative just starting a family, a high-schooler or college student who had a part-time or summer job this year, that person has earned income. Whether they saved it or spent it, they are entitled to contribute to an IRA to the extent of their earned income (not exceeding $2,000). YOU can help them set up the account, advise them, and make a donation for them. They must still report on their income tax filing, though. I think it's an excellent way to encourage young people to start saving; to start to think long-term; and to provide them some additional 'insurance'. If it's done in a ROTH IRA, the entire proceeds 30-40 years from now will be tax-exempt. Over 36 years, $1000 invested at 8% compound return will yield $16,000; at 12% it would yield $64,000; and if they could get 18%, it would turn into $512,000. An added benefit: You may get an idea of how well your potential heirs manage money for your estate purposes. Just a suggestion. Alison and I have already done it for our 19-year-old son, and will be doing it for a couple of other deserving young people we know. DELLish, bachman and alison

To: Chuzzlewit who wrote (84068)	12/7/1998 6:02:00 PM
From: jhg_in_kc	Respond to of 176387

Chuzzlewit, when I first posted to you and the thread last July I said Dell was, I felt, like Coke, a Warren Buffett franchise stock and that its franchise was its unique business model. I really didnt understand fully what I was saying then but I do now and I am glad to see your confrim this six months later. Dell is the real thing, there are only imitiators now. PS I think AOL is on the verge of being a franchise, inevitable and unstobbalble now with the SUN merger. As big as MSFT in a few years, the provider of "Web tone" the dial tone of the Web, the provider of WebTop Windows , no need to install MSFT products in your PC jhg