Context here is that I'm looking to invest around $2,000 annually in my 2 year-old son's account, with a maturity roughly 20 years from now. I'm broadly in agreement with the hive mind that loading up on single stocks isn't great diversification, but I'm planning to use this as an educational tool too. I'm an accountant by trade and I think an early interest in stocks helped me bumble into a decent career. Not that I'd be thrilled to have an equally dull son, but I feel understanding the basics of how a company works is a really useful skill in life and a basic interest in finance helps to ward off the evils of credit card interest, gambling and Amway.
The plan here is for me to choose a stock each year and then, from around 10 years old, for him to choose one. Hopefully this should get him interested. I'll never sell anything until maturity so even if some go badly this should reinforce a buy and hold mentality and teach the joys of compounding gains.
So far I've loaded into Tesla (not a total fanboy, but it's an interesting company with a cool story to tell), and Amazon (my pick for biggest company on earth 2030).
What do you think would be some big, inevitable trends over the next 20 years, and which companies are best placed now to take advantage? Interested especially to hear about any peripheral industries or effects you can think of: eg. in 1900 you could have predicted the motor car, but could you have seen out-of-town shopping centers, drive-through fast food and the collapse of the booming horse industry?
Submitted September 17, 2017 at 04:22PM by DexDexEU http://ift.tt/2h98w1V
