If you’ve looked around our site enough, you’ll realize that we have a big audacious goal to fund a cancer research clinic with a significant eight-figure amount. This goal is far off in time, if we even make it. I’ve enlisted the younger people in this family trust to extend the timeline for growth of capital, as reaching this goal may require a longer timeline than I might have. My goal might only be reached posthumously. I’m ok with that possibility.
I’m not an “all my eggs in one basket” sort of guy. The goal of this trust is also to grow income over time, but after I pass that income will become distributable to the remaining members per the trust agreement. To fund this distribution will require either selling some shares, or simply turning off DRIP.
Because of this, the most sensible way to reach the audacious goal seems to require some growth stocks to go with all the dividend stocks we hope to acquire over time.
I have selected six stocks that I think have great growth prospects. These are all on fire sale at the moment due to the “Tariff Tantrum” we are currently experiencing.
The six stocks are Palantir (PLTR), Shopify (SHOP), The Trade Desk (TTD), Nvidia (NVDA), Amazon (AMZN), and Microsoft (MSFT). The fact is that I’ve done well with each of these stocks in my personal accounts over the last 4-5 years, and I know each of them has potential to grow even larger over long time periods.
This is what it’s going to take to reach my big audacious goal. I’d like to start off with 100 of each and grow from there, but unfortunately we simply don’t have the cash. So I’m going to start a small starter position in each of these today, and hope to grow the share count when I can fund the trust a little more.