Although not really what is usually discussed on a STT thread, I'm interested in buying stocks for a long term hold for my kids. Besides teaching good savings habits, having bank accounts earns a pittance in interest and can't see that changing. As they are very young, I'd be looking at a possible 15 to 20 year hold. My first thought was banks, checked out the CBA price from 2000 to 2017 and it's not even a four bagger, not taking into account dividends. Would any of you consider something more exciting than a blue chip or is that taking on too much risk for such a long term hold? Of course flipside is could try medium term trading on their behalf? Any thoughts?
