Give your Kid the Empire State Building
Yes, you can own a slice in their custodial account, and she can brag at show and tell!
The iconic EMPIRE STATE BUILDING has been run as a real estate investment trust for a decade or more now, and that means you can own a part of the action by simply buying a share or two in your investing account.
(*nothing here is to be construed as investment advice. Always DYOR)
OR better yet, let you kid own a slice of it in theirs!
They get:
Ownership in a real physical asset they can visit and experience
An easy way to learn about and follow the cycles of real estate
Dividends, Bragging Rights and..
a REALLY cool thing share with the class at show and tell
You simply buy a few bucks of ticker ESRT, and let it sit. They will get periodic prospecti (prospectuses?) in the mail, with cool graphs and financial updates on their Skyscraper.
The timing appears great too!
After years of socialist destruction of the Big Apple, we’ve reached a likely bottom.
And now several asset managers have highlighted the Empire State Realty Trust as an undervalued asset with long term potential.
Here’s Stansberry Research’s latest list. ESRT is one of the most undervalued by their calculations, trading at 62% BELOW their assessment of this “trophy asset’s” worth:
You can start a custodial account for your kid with $50 at Fidelity, or similar.
Better yet, if your kid has a part time job (or you are self employed and pay them to help) you can start a ROTH IRA for them and have the whole thing grow tax free. (You don’t have to actually “take” their income to fund the IRA. You can still be the one contributing but contributions are capped at whatever your kid will show as earned income for that tax year.. ask your advisor or CPA if you have questions)
If your broker will let you do it, request a physical certificate for one share to be issued, and frame it by your kids desk to remind them of the investment mogul they are, and to keep saving and investing. (Btw, If they charge or refuse to issue physical certificates anymore, you could fill this one out as a commemorative replica/decoration for framing while owning real shares in the account in regular “street form”)
If you like this idea, leave a comment below.
Bonus:
Give Your Kids an 850 Credit Score
GIVE YOUR KIDS A PERFECT 850 CREDIT SCORE #ProTip: Consider adding your kids as Authorized Users on a Credit Card that allows it. It takes all of five minutes. Put payments on automatic to make sure you're always on time, and they will be reported to your KIDS credit profiles too! Yes, You can have an 18 year old with 10+ years of perfect credit history…
Here's another beautiful bitcoin miner chart for a junior with yuge potential, WULF.
(Full disclosure. Changa owns. A lot!)
*Nothing here is financial advice
TeraWulf: Steady Growth, Cost Control, And Diversification
TeraWulf: Steady Growth, Cost Control, And Diversification https://seekingalpha.com/article/4722055?gt=3eb40df2a1a3fb99
Worth a $5/ mo sub? :)...
Update! We've already climbed from $25 to 33/share. Your kid is up around 35% since Changa shared this idea. Enjoy!