I have a 12 year old who I've tried my best to teach about saving long term, she now is now old enough where her small savings is starting to grow with some allowance, odd jobs and babysitting earnings.
What is the best option for her to invest? Do I have to just do this in my name as a proxy or are there any options where it could stay in her name and ownership.
She currently has her own account with a big bank that gives her basically nothing in interest, and I hate that it is just sitting there
This money is probably going to be accessed in her early 20s ish? With maybe a portion saved for the very distant future.
Submitted June 22, 2020 at 07:51PM by chickenfisted https://ift.tt/2NmAILy
