Investing for the Kids

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This topic contains 0 replies, has 1 voice, and was last updated by  AnonymousGamblr 3 years, 4 months ago.

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    AnonymousGamblr
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    Looking at the About Us section, it appears NecessaryPaper and MLBModel are rather financially inclined, so my question is for them.

    My Dad wants to start sending my kid $100 a month, and he wants it to go in to a bank account. To me this seems foolish af, given that banks are a bunch of soulless crooks.

    I think the best bet is to invest the money in high risk mutual funds or the like, since my kid wont need the money and he is six years old, I think long run he could be sitting pretty when he turns 21.

    Do you have any advice on where this money should go?

    – AG

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