My DD has a good amount in savings bonds (she is five) earning a little over 1%. I'm wondering if it would be prudent to invest those in the equities on her behalf. We would just transfer the money to our taxable investment account.
I can't imagine what a kid or teenager would use the money for, maybe a car or a class trip? I think most likely the money would be used for college. For FA purposes, the money would be better off in our name anyway. If she goes to a state school we will probably be full pay though.
We have no intention of pilfering the money from DD, btw.
I would just like to make the most prudent decision on her behalf.