Another Thanksgiving has come and gone.
It was a great day, though. Breaking bread with family and friends gives us all some time to reconnect with our loved ones. It’s good for the soul.
Although Thanksgiving in our home is never free of tension.
For us, it’s typically a battle between the boomers and the Gen Zs who oftentimes seem to be speaking different languages. And this year, my 15-year-old niece dragged me into it.
You see, now that she’s just one year away from getting her drivers license, she wants a car. Which is actually surprising, since it seems like most Gen Zs don’t have much interest in driving. But she’s always been an outlier. In a good way.
In any event, she wanted me to help convince her parents to get her an electric car for her 16th birthday.
“Uncle Jeff, you know everything about electric cars. I know you can convince them!”
While it’s true, I do know quite a bit about electric cars, I also know about personal responsibility and the value of hard work. So I asked her how much she had saved so far. Turns out, not much. In fact, she hadn’t been saving for a car at all, and just assumed her parents would buy her one.
She tried to manipulate my treehugger tendencies, talking about the environmental benefits of electric cars over internal combustion vehicles. But that effort fell short with me because I don’t believe she should just be given a car. At least not without making an effort to pitch in.
Moreover, I see no reason for her to even have a new car.
My first car was a 1980 Chevy Chevette. It cost me $600.
She was a beauty!
And while my parents did help me out, I started working at Burger King when I was 15 so I could start saving money for a car.
The job sucked, but it helped me appreciate the value of the money I earned.
If money is just given to you all the time, you’ll never be able to value it properly.
That being said, I love my niece, and would love to see her get a car for her 16th birthday. So I made her a deal.
I told her I’d invest the $5,000 I was going to give her for her birthday in some stocks that I’m personally bullish on. Stocks that I fully believe will more than double within the next year. At which time, I would give her the option of selling those stocks and taking her winnings, or let them ride, thereby allowing her to make even more money.
In full transparency, these stocks were recommended to me by my good friend and colleague Keith Kohl, who has actually helped me make a lot of money over the years. And he believes these stocks should steadily climb over the next two years.
Truth is, I believe the $5,000 I’m going to invest for her will be worth in excess of $20,000 if she’s willing to wait about two years for the payoff.
For $20,000 not only will she be able to afford a new car, but she’ll even be able to afford a new electric car. It won’t be particularly fancy or come with a 300-mile range, but it’ll be good enough for her to get back and forth from school or take to college, where she hopes to earn a degree in molecular biology. Yeah, she’s that smart. Not much common sense, though. But that’ll come with time.
Regardless, she reluctantly took me up on the offer, and her parents were grateful for the opportunity I presented to her. Although once that offer was made public to the rest of the family, everyone else wanted a crack at some of this action, too.
So of course, I obliged.
But that also got me thinking about you, and all our daily readers.
While we’re not blood related, I do legitimately care about your well-being, and love having the opportunity to help you build and protect your wealth.
So I’m going to share the same opportunity I shared with my niece with you.
The opportunity is completely laid out here, and just as I told my niece, I truly believe this is an opportunity for you to atleast double your money inside of a year. But, of course, you should also dig deep into the research, yourself, which is why I’m also including a link to Keith’s original write-up on these stocks here.
I hope you had an amazing Thanksgiving! To a new way of life and a new generation of wealth… Jeff Siegel
@JeffSiegel on Twitter
Check us out on YouTube!Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.
