How can I even up the investments for my children?
Saturday, November 21st, 2009
Brooke22365 asked:
My son and daugther are 4.5 years apart in age. My son was the first grandchild and my grandmother showered him with various stocks and investments. By the time my daughter came along, there were too many great-grandchildren and Grandma couldn’t keep up. I want to even my kids up, but my daughter shouldn’t have the same amount as my son as she’s younger. Is there some formula that I can use to determine how much my daughter should have compared to my son to insure that they’re somewhat close in value when they take over the accounts when they’re grown. Obviously, subject to market fluctuations. When I buy an investment now, I buy the same one for both, so that if one pick is good or bad, they’re affected equally.
JOAQUIN
My son and daugther are 4.5 years apart in age. My son was the first grandchild and my grandmother showered him with various stocks and investments. By the time my daughter came along, there were too many great-grandchildren and Grandma couldn’t keep up. I want to even my kids up, but my daughter shouldn’t have the same amount as my son as she’s younger. Is there some formula that I can use to determine how much my daughter should have compared to my son to insure that they’re somewhat close in value when they take over the accounts when they’re grown. Obviously, subject to market fluctuations. When I buy an investment now, I buy the same one for both, so that if one pick is good or bad, they’re affected equally.
JOAQUIN
