investment for godchild
- Thread starter 506th_PIR
- Start date
Hi,
I would say the logic is the same as for investing for your own children, except that it's going to be more difficult to keep it in its name.
I would personally use a sub-account at Interactive Brokers. TW has some decent support as well in this case.
thepoorswiss.com
I would say the logic is the same as for investing for your own children, except that it's going to be more difficult to keep it in its name.
I would personally use a sub-account at Interactive Brokers. TW has some decent support as well in this case.
How To Invest For Your Children In 2024? - The Poor Swiss
Investing for your childre is a great way to build wealth and teach them the principles of investing, here is the best way to invest for your children.
thepoorswiss.com
I did all three for my own kids. You should decide what the goal of the money is.
529 for education. find one that has the best mix of state tax deduction, low fees. I did an out of state one because my state plan had funds with really high fees.
I did the UTMA for the kids “starter” fund. And they are actually using it for purchasing a house next month. They have pretty good spending discipline so I wasn’t too concerned with them just blowing it all.
529 for education. find one that has the best mix of state tax deduction, low fees. I did an out of state one because my state plan had funds with really high fees.
I did the UTMA for the kids “starter” fund. And they are actually using it for purchasing a house next month. They have pretty good spending discipline so I wasn’t too concerned with them just blowing it all.
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