For this upcoming holiday season, I have some great off the beaten track ideas. How about a nice mutual fund? Or some nice oilfield jewelry? I know it sounds a bit insane. I know it seems like it might be something that recipients won't appreciate but guess what? They will. And it's always the thought that counts.
This year I bought each of my three daughters a small mutual fund and I'm going to tell them (on Christmas Day) that they have the option of either cashing it in for what it's presently worth or else keep the thing going for the next twenty years and when they get to be about 45 years old, they won't have to sweat retirement because they'll have stepped ahead of inflation and will be able to live off of their mutual fund dividends.
Yeah, it seems like an incredibly simple plan. But it's a great strategy. And hopefully they'll catch the vision.
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