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?