Comments on: Great Mutual Funds for Kids http://allfinancialmatters.com/2006/06/14/great-mutual-funds-for-kids/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 21 Nov 2009 13:00:57 -0800 http://wordpress.org/?v=abc hourly 1 By: Kathy http://allfinancialmatters.com/2006/06/14/great-mutual-funds-for-kids/comment-page-1/#comment-304242 Kathy Mon, 05 May 2008 21:22:38 +0000 http://allthingsfinancialblog.com/?p=843#comment-304242 We love the Monetta Young Investor Fund. The Fund is kids themed,neat stock market game and age-based investment kids. The minimum investment is $250 with an AIP of $25 per month...very affordable. The ticker symbol is MYIFX with a capped expense ratio of 1%. Chech it out. We love the Monetta Young Investor Fund. The Fund is kids themed,neat stock market game and age-based investment kids. The minimum investment is $250 with an AIP of $25 per month…very affordable. The ticker symbol is MYIFX with a capped expense ratio of 1%. Chech it out.

]]> By: KC http://allfinancialmatters.com/2006/06/14/great-mutual-funds-for-kids/comment-page-1/#comment-10790 KC Sat, 01 Jul 2006 00:07:42 +0000 http://allthingsfinancialblog.com/?p=843#comment-10790 I didn't find the article that helpful. Clements goes way out recommending some actively managed funds. And, Vanguard really is being ridiculous to say they can't afford to have mutual funds for less than 1000 dollars as a starter balance. They don't liquidate taxable accounts until they fall to 500 dollars. A balance of 750 would have to lose 33 percent to get there... and what's the chance of that? I didn’t find the article that helpful. Clements goes way out recommending some actively managed funds. And, Vanguard really is being ridiculous to say they can’t afford to have mutual funds for less than 1000 dollars as a starter balance. They don’t liquidate taxable accounts until they fall to 500 dollars. A balance of 750 would have to lose 33 percent to get there… and what’s the chance of that?

]]> By: Brad http://allfinancialmatters.com/2006/06/14/great-mutual-funds-for-kids/comment-page-1/#comment-7266 Brad Thu, 15 Jun 2006 19:06:50 +0000 http://allthingsfinancialblog.com/?p=843#comment-7266 The ticker symbol for the AARP Aggressive fund is not yet available. It is not assigned a ticker until the fund reaches a certain threshold of assets. Then I suppose AARP will request one, or have one assigned to them according a pleasant conversation I had with John @ AARP. The ticker is coming, but not just yet today. According to the promotional material and the fellow at AARP, the funds keep a low expense ratio (0.50% through 11/2007, then could go lower) due to being passively invested in indexes. The ticker symbol for the AARP Aggressive fund is not yet available. It is not assigned a ticker until the fund reaches a certain threshold of assets. Then I suppose AARP will request one, or have one assigned to them according a pleasant conversation I had with John @ AARP.

The ticker is coming, but not just yet today.

According to the promotional material and the fellow at AARP, the funds keep a low expense ratio (0.50% through 11/2007, then could go lower) due to being passively invested in indexes.

]]> By: JLP http://allfinancialmatters.com/2006/06/14/great-mutual-funds-for-kids/comment-page-1/#comment-7163 JLP Wed, 14 Jun 2006 20:14:50 +0000 http://allthingsfinancialblog.com/?p=843#comment-7163 Kira, I agree but I think it is also good to teach kids about diversification, which is hard to do if they only own a couple of shares of stock. Kira,

I agree but I think it is also good to teach kids about diversification, which is hard to do if they only own a couple of shares of stock.

]]> By: Kira http://allfinancialmatters.com/2006/06/14/great-mutual-funds-for-kids/comment-page-1/#comment-7162 Kira Wed, 14 Jun 2006 20:09:47 +0000 http://allthingsfinancialblog.com/?p=843#comment-7162 Personally I think it is probably more interesting for kids to have a couple shares of individual stocks, since the idea behind mutual funds is likely to baffle anyone younger than 10 or 12. But the low minimums are helpful for anybody who doesn't have much... even if you are not a kid. Personally I think it is probably more interesting for kids to have a couple shares of individual stocks, since the idea behind mutual funds is likely to baffle anyone younger than 10 or 12. But the low minimums are helpful for anybody who doesn’t have much… even if you are not a kid.

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