Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Helping kid invest $"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]My son received a few thousand for his bar mitzvah, and our house rule is that 50% goes into their 529 and they can keep the other 50% in their savings account. My son asked if we could put the 50% that's supposed to go into savings in the stock market instead (we've discussed the S&P 500, so that's what he wants to invest in). I guess his class project in 5th grade with the stock market really made an impression on him, because he's still talking about it! Are there any options other than the UTMA/UGMA accounts at Vanguard? That's where we already have our Roth IRAs (including for our older kids) so that's my default place to go. I'm just wondering, with all of the restrictions on the UTMA/UGMA, is there a better option? I called but they didn't seem to indicate there was. However, I know they sometimes get it wrong. TIA![/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
