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Reply to "If your kids have UTMAs"
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[quote=Anonymous]I dropped $3k in one for my 7 year old when she was 4ish? It's about 5,500 now. She doesn't know about it. Will open one for my 1 year old around the same age because I'm a Gemini and fairness is important to me! The main goal was always to have a little bit of money for them to feel "ownership" of when they're in their teens, so they can learn about investing with some capital but lowish stakes and have some money when they hit early adulthood for first/last/security or a first car or something. Most of the money I save for my kids goes into their 529s or our family brokerage for flexibility.[/quote]
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