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    Thinking about setting up my kids with some silver - good idea or am I overthinking?

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    Key Takeaways
    • We’re in Boston, so COL is always a factor, and I want to make sure they have a solid foundation.
    • I started thinking about silver, specifically silver coins, as a tangible asset to pass down.
    • Not as their primary investment, of course, but as a small, meaningful addition.
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    Okay, so I’ve been really diving into legacy planning lately, and naturally, my mind goes to how I can best set up my two kids (both in their early 20s) for financial success down the line. We’re in Boston, so COL is always a factor, and I want to make sure they have a solid foundation. My portfolio’s definitely diversified, probably in the $700k range right now, and a decent chunk of that is in gold, which has treated me well over the years.

    I started thinking about silver, specifically silver coins, as a tangible asset to pass down. Not as their primary investment, of course, but as a small, meaningful addition. I’m picturing a small hoard of Eagles or Maples for each of them, something they can hold onto and understand the value of, perhaps as a hedge against inflation or just a cool, tangible asset. My thinking is, it’s not going to make or break their finances, but it's a way to introduce them to precious metals outside of just checking a stock ticker.

    My concern is whether it's more of a sentimental move than genuinely strategic. They're both pretty financially savvy for their age, but I wonder if they'd just see it as "stuff" rather than a valuable asset. Are any of you doing something similar with your kids or grandkids? And if so, what kind of silver are you going for? Any advice on how to frame it with them so they appreciate it for what it is?

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    3 comments

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    charles_lewis💎Premium (500k-1m)

    Hey, I hear you on wanting to set up your kids for success, especially with Boston COL! But honestly, while silver can be a nice diversification, I've seen a lot of people in their early 20s who would benefit WAY more from a Roth IRA investing in broad market ETFs. It's less "sexy" than holding physical silver, but the compounding growth over decades for someone just starting out can be absolutely insane. Just a thought!

    Comments (3)

    6
    patricia_miller📊Growing (50-100k)✓ Verifiedless than a minute ago

    Totally get where you're coming from! I actually did something similar for my niece and nephew a few years back, though with gold. My thought process was pretty much identical – give them a little something that isn't connected to the usual market fluctuations and can be a tangible asset. They both ended up holding onto it and seeing some decent gains, which was cool. Silver is definitely a solid choice too!

    4
    jennifer_martinez💰Established (100-250k)Real Investor✓ Verifiedless than a minute ago

    Hey, this is a super thoughtful idea! Props to you for thinking long-term for your kids. I'm curious, when you say "setting them up with some silver," are you thinking physical silver or a silver ETF, or something else entirely?

    10
    charles_lewis💎Premium (500k-1m)Real Investorless than a minute ago

    Hey, I hear you on wanting to set up your kids for success, especially with Boston COL! But honestly, while silver can be a nice diversification, I've seen a lot of people in their early 20s who would benefit WAY more from a Roth IRA investing in broad market ETFs. It's less "sexy" than holding physical silver, but the compounding growth over decades for someone just starting out can be absolutely insane. Just a thought!

    The biggest mistake retirees make with their 401(k)

    Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

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