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Snek
Member since May 2016
72 posts

Investment idea
My mom gave my son $1000 for his 8th birthday and she wants us to invest it for him so he can have more when he turns 18. Besides a 10 year CD, what other options are there?


Powerman
LSU Fan
Durham, NC
Member since Jan 2004
146174 posts

re: Investment idea
I'd go with an S and P 500 index etf through someone like vanguard

Unless you want to be really aggressive and throw it in a single stock like Tesla


LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
2590 posts

re: Investment idea
I invest $1000 each year on my sons birthday in a stock (or split it between 2). I usually choose something he has interest in and is a solid/dividend stock. I prefer individual stocks for the “novelty” of it I guess, since it’s a gift. The idea of giving him an account with ownership of companies he recognizes.

MCD, Coca-Cola, Apple, Google, Tesla, FB, Disney, VISA, etc.


AUGDawg
Georgia Fan
Montana
Member since Nov 2014
1912 posts

re: Investment idea
lsutiger,

I started a thread, but didn’t get much traffic.

I want to start gifting my brother’s kids stock, for the same reasons you posted. Nothing crazy, just a stock in a company they’ll be familiar with on their bday and Christmas. One niece is 8, the other is 4 months old.

I play around with stocks a little through Robinhood, but that’s all. What’s the best way to gift them stocks? I’d like them to be in separate accounts, so as they get older they can watch the growth.


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