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Investment for child - what to go with?
Posted on 1/2/14 at 10:22 pm
Posted on 1/2/14 at 10:22 pm
We opened a savings account for our 8 month old and we've had several family members put money in there for him for Christmas, etc and they will for his birthdays and other occasions. Obviously we don't want to just leave this money in a standard bank savings account. What is a good investment to move this money into to grow for him? TIA
4
Posted on 1/2/14 at 10:27 pm to VanRIch
Franklin income fund. Safe investment and reinvest the monthly dividend.
Posted on 1/3/14 at 8:21 am to VanRIch
I am about to pull the trigger on this as well and looking for options here.
Posted on 1/3/14 at 10:56 am to VanRIch
A good MF or ETF will be good for solid returns and risk avoidance.
I'm putting some away into some Blue Chip dividend stocks for my son on a DRIP. Disney, Apple, XOM, etc.
I'm putting some away into some Blue Chip dividend stocks for my son on a DRIP. Disney, Apple, XOM, etc.
Posted on 1/3/14 at 10:36 pm to VanRIch
Look into a mutual fund that reinvests dividends. That's what my folks did for me and its a great low risk, long term idea. One that has done well for me is VOO. Vanguard 500 Index Fund. Also ANCFX and AIVSX are the ones my parents did for me.
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