Need advice on giving an investment gift?

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Submitted by La Jolla Renter on June 20, 2008 - 10:03am

I have a lot of friends popping out kids lately and want to give them some sort of $250 investment as a gift.

I am looking for something that is meaningful, prudent, beats the market etc.

Anyone have the perfect solution?

‹ Investing: son of a... Little Book that Beats the Market ›
1/4 OUNCE OF GOLD.
Submitted by scaredycat on June 20, 2008 - 10:07am.

1/4 OUNCE OF GOLD.

I'm going to go contrarian
Submitted by flu on June 20, 2008 - 11:38am.

I'm going to go contrarian here. Why not buy like 10 shares of citibank or some other cheaply priced bank stock? I mean, the entire sector is in the trenches, and not all the banks will fail. Who knows, maybe you pick the one that recovers. For fun, each new kid, buy a different bank. A few of the kids will end up happy, and a few will endup with worthless shares. It also teaches kids that life isn't fair :)

They may have already opened
Submitted by pbnative on June 20, 2008 - 12:03pm.

They may have already opened 529 accounts for their kids, you can always contribute to that. We like the idea of gold too (our baby is 2 months), I'd like to get her a gold coin every year. But that's more than you'd like to spend.

Maybe we're in another baby boom, lots of brand new babies in our neighborhood and our circle of friends.

Every bday I contribute to my
Submitted by nostradamus on June 20, 2008 - 12:36pm.

Every bday I contribute to my niece's trust fund.

Speaking of bank stocks, did you hear about Wamu's 1200 layoffs?

Have been advised by a friend
Submitted by Raybyrnes on June 22, 2008 - 1:04am.

Have been advised by a friend that WAMU heading to 1$. Suggested we could see Wachovia and Nat City out of business aswell. His suggestion is Nat Gas (ROSE). Track this and see how it goes . I was told to by at 16 and missed the boat.