05-31-2020, 12:54 PM
Long story short my daughter recently started growing up. Her employer offered a 401K w/match and I talked her into participating. A few months later and they are cutting staff. She has a new job already but can't do a new 401K there soon. She messed up and the 401K liquidation check showed up at my house. She was excited until I ripped the check from her hands. 
I explained she would be penalized hard if she spends it now and Dad would make the check a bigger if she'd cooperate. She agreed. It's only about $500. She'll have a new 401K someday but for now I'd like to make this a learning experience. When I leave this world and will her a large stock port I don't want her to be investing illiterate. She is smart enough to succeed but clueless about investing now.
It's required the account has zero annual account fees. Free trades of course but that part is easy. I want her to pick at least one stock so I'd like some research capability like printing an analyst report as my TD Ameritrade ACCT offers. Better yet it wouldn't be TD and I would have access to additional research. Partial shares would be very good so I can teach her about diversification, but I don't want to do some flaky brokerage like Robinhood. She doesn't need to day trade on her phone. For years her account balance will be like a rounding error in mine. Education is the point. I am going to hope for a few DGI stocks to get hit this summer, and I'll let her pick something more exciting and learn how growth stocks work too. I'll let you guys and gals know what interests her so I can get some advice.
I explained she would be penalized hard if she spends it now and Dad would make the check a bigger if she'd cooperate. She agreed. It's only about $500. She'll have a new 401K someday but for now I'd like to make this a learning experience. When I leave this world and will her a large stock port I don't want her to be investing illiterate. She is smart enough to succeed but clueless about investing now. It's required the account has zero annual account fees. Free trades of course but that part is easy. I want her to pick at least one stock so I'd like some research capability like printing an analyst report as my TD Ameritrade ACCT offers. Better yet it wouldn't be TD and I would have access to additional research. Partial shares would be very good so I can teach her about diversification, but I don't want to do some flaky brokerage like Robinhood. She doesn't need to day trade on her phone. For years her account balance will be like a rounding error in mine. Education is the point. I am going to hope for a few DGI stocks to get hit this summer, and I'll let her pick something more exciting and learn how growth stocks work too. I'll let you guys and gals know what interests her so I can get some advice.
