Recommendations for $40k for long term - **thank you for the advice! He doesn’t need to “live off” the bonus as he gets paid every two weeks and for the time being has no expenses other than paying for his internet and his car insurance. His car is paid for, an old, well maintained Volvo. We will look into IRAs and investment accounts, as well as explore specific military programs. Appreciate all your input! My 18-year old will be getting a $40k signing bonus with the US Coast Guard. He is debt free and will most likely remain so, what with the majority of his living expenses and college paid for. He will not likely need to touch this money for a long time, so we are wondering what is the best investment / savings vehicle for him? Personal Finance

Recommendations for $40k for long term - **thank you for the advice! He doesn’t need to “live off” the bonus as he gets paid every two weeks and for the time being has no expenses other than paying for his internet and his car insurance. His car is paid for, an old, well maintained Volvo. We will look into IRAs and investment accounts, as well as explore specific military programs. Appreciate all your input!

My 18-year old will be getting a $40k signing bonus with the US Coast Guard. He is debt free and will most likely remain so, what with the majority of his living expenses and college paid for. He will not likely need to touch this money for a long time, so we are wondering what is the best investment / savings vehicle for him?


Shortnsalty 33d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 64d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 94d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 125d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 155d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?