Best Investment For A 1yr Old - Family - Nairaland
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| Best Investment For A 1yr Old by swoosh(m): 10:02pm On Feb 28, 2010 |
Hi all, My son will turn 1 soon. Im not in a position to throw a party for him so instead i want to use the money to invest for him. Im considering an education savings account or starting a share account in his favour with a stock broker. What's the best option please. Other suggestions are welcome Many thanks |
| Re: Best Investment For A 1yr Old by Outstrip(f): 10:07pm On Feb 28, 2010 |
If you are in the US the most straight forward thing will be 529s or UGMAs. Both my boys have UGMA's and I buy stocks in them. When they attain the age of majority the account becomes their responsibility. |
| Re: Best Investment For A 1yr Old by Sissy3(f): 1:05am On Mar 01, 2010 |
college savings |
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