Diane Kennedy
Bronze Contributor
User Power
Value/Post Ratio
25%
- Aug 31, 2007
- 780
- 193
I could use some advice from the stock trader type people on board.
Our 16 y.o. son has approx $6K in a Roth account. We know real estate and investing in other people's real estate deal, but $6K isn't enough to do that with. (Deals we do typically need $25K or $50K buy-in)
So, my husband and I were talking this morning about parking it in some kind of fund. We don't want to be active in it at all. Ultimate plan is to contribute at max each year until it's big enough to put into one of our real estate deals. And he can't touch it until he's 59 1/2.
Thots?
Our 16 y.o. son has approx $6K in a Roth account. We know real estate and investing in other people's real estate deal, but $6K isn't enough to do that with. (Deals we do typically need $25K or $50K buy-in)
So, my husband and I were talking this morning about parking it in some kind of fund. We don't want to be active in it at all. Ultimate plan is to contribute at max each year until it's big enough to put into one of our real estate deals. And he can't touch it until he's 59 1/2.
Thots?
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