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Reply to "Which individual stocks to buy teen for xmas gift? "
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[quote=Anonymous]Teen DS wants for Christmas money to invest. A year or so ago we opened a custodial account for him thru Vanguard that tracks S&P. We put the initial $1000 in there for him, and he adds money he earns through his job. The purpose of the account is to earn returns over a longer horizon (~10 years) for him to use toward some adult purchase like housing, car, etc. For Christmas, I thought it may be more fun for some (in particular grandparents who like to pick stuff out) to gift him something a little more specific than just a wad of cash. Thought it might be interesting for him to receive some stocks for specific companies that he can track over time. I was thinking primarily Apple, but any other ideas?[/quote]
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