savings bonds?

[smstonypoint]

Now figure it if you put $20 a week in (about a thousand per year) from day one until the kid turns 18, then add no more and see what the kid has at ages 30, 40, 50, 60 and 70.

And for real fun, figure it with $5000 per year for 10 years, then add nothing and see what the kid gets at those ages. Shocking.

Are you directing that request to me?

As the great man said, "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest." In other words, there's no free lunch.

I would be happy to perform those calculations in return for modest compensation.

Steve

 

[MoKelly]

He also said, "To feel for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature."

MoKelly

 

[smstonypoint]

He also said, "To feel for others and little for ourselves; to restrain our selfishness and exercise our benevolent affections, constitute the perfection of human nature."

MoKelly

I never claimed I was perfect.

Steve

 

[MossRoad]

Are you directing that request to me?

As the great man said, "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest." In other words, there's no free lunch.

I would be happy to perform those calculations in return for modest compensation.

Steve

Yes, please run those numbers. Your compensation will be my gratitude, which is modest. :laughing:

 

[smstonypoint]

Yes, please run those numbers. Your compensation will be my gratitude, which is modest. :laughing:

I was not precise in my wording -- I should have written "modest monetary compensation." And if you have to ask what "modest" means in this context, you can't afford my services.

Steve

 

[Dr_Zinj]

A good 401(k) or Roth IRA is going to give you a far far better return on your money than a U.S. Savings Bond. Early withdrawal is going to get you dinged no matter which you use. You want to do your grand daughter a BIG favor, get her started with a retirement/investment account with a reputable company. (I've been happy with Ameriprise watching my investments, but I make adjustments semi-annually based on my opinions of what the market is doing, they're just the people I work through.)

ANY investment is better than none, and giving your kids or grand kids a head start will help them immensely down the road. It's getting started in the first place that is usually the problem. I'm trying to get my oldest boy to start an account even though he's fresh out of college and barely paying his bills. Oh man. I just had a thunk. Maybe I should start an account in his name, dump $500 in it and give it to him for a 25th Birthday present.

 

[MoKelly]

My third favorite economist of all time defined education as ... "the inculcation of the incomprehensible into the indifferent by the incompetent."

The English have a way with words.

MoKelly

 

[smstonypoint]

My third favorite economist of all time defined education as ... "the inculcation of the incomprehensible into the indifferent by the incompetent."

The English have a way with words.

MoKelly

I can guess #1, but I'm not 100% confident about that guess. Who are #s 1 & 2?

Steve

 

[MoKelly]

I can guess #1, but I'm not 100% confident about that guess. Who are #s 1 & 2?

Steve

Well, I am not perfect either but I am charitable - so, I will answer your inquiry without monetary compensation.

#1 - your avitar
#2 - Milton Friedman
#3 - Mr. Keynes

I have a Top 5 --- but, let's just keep that amystery for now.:laughing:

MoKelly

 

[smstonypoint]

Well, I am not perfect either but I am charitable - so, I will answer your inquiry without monetary compensation.

#1 - your avitar
#2 - Milton Friedman
#3 - Mr. Keynes

I have a Top 5 --- but, let's just keep that amystery for now.:laughing:

MoKelly

We share our top two picks, but then we part company. I'm a creature of the moment, so I will pick from the economists who have blogs. In no particular order, I like Steve Landsburg(Steven Landsburg | The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics, and Physics)
Greg Mankiw (Greg Mankiw's Blog) and Don Boudreaux (Cafe Hayek).