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r/investing
Custodial account for minor
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User seeks advice on opening custodial accounts for their children to invest in tech/growth stocks or ETFs for the long term.
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Looking to open some custodial investing accounts for children. Ages 12 and 8. Would like to try and get them into tech and growth type stocks or an equivalent ETF. Look to do a monthly contribution and move their current savings accounts over.
Not worried about college funds as that will be separate. Will be held long term and not necessary cashed out at 18
Has anyone done this? Have any lessons learned?
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