u/doughboy_491

My last post to this group was about my older daughter and her 200,000% return on her Apple investment, but people always ask what my other child (27F) thinks since they assume she did not benefit from her older sister’s same luck. Well the Apple doesn’t fall far from the same tree. Today, my youngest’s stock portfolio just hit $1M for the first time. She is only 27 and when she graduated a few years ago, about $400k remained after paying for her college education, and it has since tripled. If you look at the next screen of her top 10 investments, 7 out of the 10 stocks she owns have all been 10X investments (GOOGL, AAPL, PANW, AMD, UNH, V, META), mostly because she has held them for many years. And the other three — NVDA, MRVL and ARM are on their way to being 10X investments too. This is all about investing from a very early age, making intelligent stock selections and having the stomach to hold for a very long time. I’m most proud of the fact that I am completely self-taught in investing and while I am well-off (and there are generous grandparents who helped with college savings), I have never made more than 200,000 per year in W-2 income. While I don’t tell my children about these milestones, I’m happy in knowing that they can do the things in life with this financial security. This daughter has an entry level job living in one of the most expensive cities in the world—NYC—but was able to buy her first home already (hence the steep draw down in her account in 2024). After providing for an education, it’s the best thing that that a father can do for their children.

I’ve posted about this before, but with my daughter reaching a milestone birthday and Tim Cook’s announced exit and Apple approaching a new all-time high, I thought I’d repost about my 30 year investment for my daughter in Apple stock which reached more than a 210,000% total return (including dividends). From my initial $1600 investment of 100 shares when Apple stock was in the dumps and my daughter was 9 months old, it would today be worth more than $3,200,000. Now it’s quite a bit less than that because it substantially paid for her schooling and her four years of Ivy League college tuition, and seeded the rest of her investment portfolio (which now contains investments in NVDA, GOOGL, META, UNH, V and ETFs). When she graduated from college, she still had $300,000 left over after paying for college and in the ensuing 7 years of aggressive investment it has grown to more than $1.4M. Now 30 years old, this is totally my daughter’s money, and I just invest it for her. She has a high paying FAANG job (more salary than I ever made) so she doesn’t need to touch any of it, but has moved a significant amount to cash to buy her first house. By a rough estimate, I think she has a net worth over $3 million when you include her company RSUs of about $1.5 million, and her retirement and savings accounts. My advice to the new fathers out there is to invest whatever you can for your children as early as possible, save and stretch to pay for all of their education, and teach them how to handle the money when it is turned over to them.