An investment that requires less than $100 to purchase, but will yield much more after 18 years? Preferably a low risk investment.
2007-07-29 07:12:22 · 12 answers · asked by ♥ 2 in Pregnancy & Parenting ➔ Newborn & Baby
US Savings Bonds make a great gift. You purchase them for half of their face value and have no risk. When the baby grows up, she/he will have a bond worth double what you paid for it!
2007-07-29 07:16:26 · answer #1 · answered by shannon ! 4 · 0⤊ 0⤋
I would go with a 529 college savings account. You can add to it as you go along for the next 18 years. Even if you can only spare $50 now, as you get older and make more money (hopefully!), you can add larger increments. It's not taxable for you, and the child can withdraw it tax-free to attend any college, as long as they spend the money on tuition, books, room and board, and related college expenses. The plans are state-sponsored, but you can open a plan in any state--NY, UT, and IA have the lowest management fees. (That doesn't mean the kid has to go to school in that state, either.)
If you don't plan on making such a big investment in the kid's financial future, a savings bond is easy and cheap.
2007-08-01 11:54:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
a basic cd deposit or high interest yeild acount that does not require a large up front deposit or just open a saving account and make regular deposits over time and when they turn 18 all the interest and depsoit will have added up quite well-same with cd if you renew it and kep turning over the interst into the account with regular deposits added to it you shoudl do fine.
2007-07-29 14:16:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Purchase a one hundred dollar savings bond that will cost you fifty dollars. It is very low risk.
2007-07-29 14:18:33 · answer #4 · answered by Dug48 4 · 0⤊ 0⤋
When children are born into our extended family, I buy them coin proof sets for the year they were born. A set bought directly from the US Mint should be about $25.00.
2007-07-29 14:16:22 · answer #5 · answered by regerugged 7 · 0⤊ 0⤋
look into a 509 plan......each state offers them. They are investments that save for higher education.
2007-07-29 14:19:50 · answer #6 · answered by Kirsten 5 · 0⤊ 0⤋
A savings account.My parents got me one when I was just a baby and I now know how to manage my money and I know how to save my money - which is a valuable and rare skill it seems like nowadays.
2007-07-29 14:17:37 · answer #7 · answered by tilly 3 · 1⤊ 0⤋
I think some life insurance that they can covert when the child is 21 would be nice
2007-07-29 14:14:50 · answer #8 · answered by horsinround2do 6 · 1⤊ 0⤋
A savings bond.
2007-07-29 14:14:38 · answer #9 · answered by CHARITY G 7 · 1⤊ 0⤋
Buy two Disney stock certificates.
2007-07-29 14:15:21 · answer #10 · answered by gg 7 · 1⤊ 0⤋