08-01-2014, 07:58 AM
(07-31-2014, 09:07 PM)EricL Wrote: I've been tempted by GILD as well. Have some money about ready for a first investment in our newborn son's education savings account. I've been debating whether to go the safe and steady DGI route or to take a chance with a few high growth stocks like GILD and hope for a home run over the next 18 years.
I would have enough for two shares here.
Thoughts?
My first thought is always "safe and steady DGI". That said, the first sound bite from my parents when we started investing for our kids is that they have time on their side. Not sure where others are on this but the market is quite high and the next correction would be a better time. However, with time on their side will they care 20 years from now if you bought at $91.55(today) or $88 say a month from now?
Or buy it all for them. Here is a comparison of VTI-VIG-VYM:
There are people who use up their entire lives making money so they can enjoy the lives they have entirely used up
Frederick Buechner
Frederick Buechner