Peaceful_Warrior
Full time employment: Posting here.
- Joined
- Dec 27, 2006
- Messages
- 509
No, I don't mean a coward... I mean... for a newborn. I'm guessing a CD or bond of sorts, but considering the bond part of my portfolio is in private LLC investments with significant minimum investments, his money isn't going there.
Basically, here's the deal: We save all of our change, and then every few years we count it and invest it on behalf of our son (so this is the first time we're doing this as he is now 5 weeks old). We plan to continue doing this until he reaches some arbitrarily decided age after he's learned a bit more about money after which he'll be able to do something with it.
So, that said -- what options out there are the best right now for something like this? Chances are he'll get the money from it around age 14-16 (particularly if he decides he wants his own car).
Basically, here's the deal: We save all of our change, and then every few years we count it and invest it on behalf of our son (so this is the first time we're doing this as he is now 5 weeks old). We plan to continue doing this until he reaches some arbitrarily decided age after he's learned a bit more about money after which he'll be able to do something with it.
So, that said -- what options out there are the best right now for something like this? Chances are he'll get the money from it around age 14-16 (particularly if he decides he wants his own car).