All Questions
12
questions
2
votes
3
answers
380
views
An investment product for "5 grand for your new niece in 20 years..." situations [closed]
Say your favorite friend or relative has a new child, or perhaps a toddler.
You want to give/invest a lump sum $5000 to the youth in question .... so it will only be available in say 20 or 25 years.
...
- 13.8k
4
votes
1
answer
336
views
Child account investment options (EU)
So, having two little ones, I decided to set up investment accounts for them.
The idea is that these would be focused on long term buy&hold (mostly dividend growth stocks).
Since I live in Austria/...
- 226
0
votes
2
answers
401
views
What’s the best method to save money on behalf of a baby?
What’s the best method to save money for a baby?
Assume I can afford to save a small sum ($25-$75) every month. What’s the best investment vehicle? I would hope to amass a significant sum by the ...
- 606
8
votes
2
answers
2k
views
Savings Accounts for Future Child Expenses
If I were looking to have a kid in the next 3-6 years, what (if any) tax-advantaged plans exist to help saving for future, related expenses?
To be more specific, there are numerous types of savings ...
- 2,065
40
votes
1
answer
5k
views
Where can I put savings for my kid that I literally cannot withdraw from?
I currently have a second savings account where I'm saving money for my child's future - most likely it will be used for their college and/or wedding.
I've heard horror stories of parents stealing ...
- 909
4
votes
2
answers
381
views
Choosing a vehicle to invest a kid's money on their behalf (college, etc.)?
This is a variation on Strategies for putting away money for a child's future (college, etc.)?
My question regards money gifted to a kid (by a family member in this case). What should I ...
- 503
7
votes
1
answer
619
views
Long term investing on behalf of newborn
I have some gifts from friends and family for my newborn daughter. I would like to invest these but I don't know what is the best way. 529 plans spring to mind but I don't know what the educational ...
- 213
8
votes
2
answers
471
views
Can I start a 529 plan for a child before the child is born?
A recent question got me wondering about this one: Conventional wisdom says "It's never too early to start saving for your kid's college education." But a 529 plan is taken out for a specific person. ...
- 3,397
33
votes
6
answers
5k
views
Strategies for putting away money for a child's future (college, etc.)?
So my wife and I will be having our first child at the end of the year, and I'm trying to devise a strategy for things like putting money away for the little person now, while I have the time and ...
- 30.4k
13
votes
4
answers
1k
views
What is a good investment vehicle for introducing kids to investing?
We have been paying our four kids a small allowance. We help them split their money by percentage into different categories (savings, investment, responsibility, school, play, etc.) One of the ...
- 283
8
votes
2
answers
347
views
How should I go about investing/saving for my children's college education?
I have 2 kids (10 and 6) and I was thinking about putting money away for them (for college, for instance). I've looked at various options and the more I look, the more I am confused with the array of ...
- 3,817
8
votes
1
answer
2k
views
What are the best options for an RESP for my 2 year old kid?
Just starting to look into RESPs for my kid. There are RESP funds, or I could just throw money in a GIC... wondering where else I should look... and what I can do.
- 496