Comments on: Where To Put A Little Girl’s Money

By: hank

hank — Tue, 02 Sep 2008 20:13:26 +0000

I’ve got 2 daughters (3 and 4 years old) and they’re really going to keep me on my feet in another 10 years I’m sure (as if they’re not now). As far as where I’m putting their money currently I’ve just got a couple 529 plans for the both of them.

By: sbf

sbf — Fri, 29 Aug 2008 14:43:05 +0000

Kevin, congrats on the little girl. How exciting!

China – They might be the future, but not anytime soon. I mean…like not with in the next 50 years soon. So I think.

Kevin, you know I’m a huge O&G guy. I know NatGas and oil will be back up, and in a big way. I am betting most of my retirement on it! Most traders wouldn’t advise it, but most traders only make 5-10% returns. I’m in my 20′s and have some money to invest and this is the best time of my life to go big. When I’m in my 40′s I wont be able to take these kinds of risks. If I’m going to lose money, now needs to be the time b/c I have the rest of my life to work. If you know anything about Warren Buffet, you know he has the same plan-of-attack I do.

I bought XTO, CHK, and GDP about 2 weeks ago. Still holding UPL, SWN, and XOM. On radar – WLL, RRC, CLR, BEXP, KWK, CRZO, ECA, HK.

T. Boone Pickens – Pres. ’08!!

By: kevin duffey

kevin duffey — Fri, 29 Aug 2008 12:06:28 +0000

Typically, when i say “experts” i’m referring to the collective investment analysts and tv folks whether on cnbc or an online journalism site. My point is they are rarely right and usually just predict the current trend to continue. Right now the trend is lower so people are predicting lower oil prices. In May, just about everyone was predicting a correction because of the parabolic nature of the increase in oil prices.

I like some of the things Kudlow says and I like some of the other people on CNBC as well some of the time.

Living off dividends and passive income is another finance blog that talks about Jim Rogers. Jim Rogers doesn’t run it, he is much bigger than that.

I’m not putting all of my eggs in the China basket, but I think looking forward 10, 20, 30 years, China has to be a part of your investment strategy. Sure, there is corruption and other issues but America had issues also over the last 100 years.

Thanks for the comments!

By: Sean

Sean — Fri, 29 Aug 2008 03:53:19 +0000

Congrats on on being a soon-to-be dad! Investing in China and commodities is something I strongly support as well. I’m considering trying to learn some Chinese one of these days…

By: Matt Peer

Matt Peer — Fri, 29 Aug 2008 03:24:15 +0000

Kev, Congrats on the child. Many blessings to you and your wife. Get those beating sticks ready for those teenage boys

I do have a question for you about these “experts” on CNBC. Who are they? I have been following the very intelligent experts on Kudlow (less Shilling) and most of them had been calling oil to collapse around May, when it was really ratcheting up. Are “they” Goldman Sachs? Or others?

The point is, and I am a rookie at investing, but I have always subscribed to the idea that commodities are extremely volatile, and are to be used as a hedging tool for staving off inflation only.

The American economy is diverse, resilient and flexible. China is fledgling and corrupt, as I have said on this blog before. Are you willing to bet your new daughter’s education fund on it? Rogers runs a blog called “Living off dividends and passive income”. American companies are great at this. Again though, congratulations!

By: Living off dividends & passive income

Living off dividends & passive income — Thu, 28 Aug 2008 22:55:43 +0000

congrats on the baby girl. must be exciting!