I was able to help a couple start an investing account for their 11 month year-old child.
We selected the broker account type, monthly contribution amount, picked the assets from my pre-selected lists, and we automated everything. This took 45 minutes.
We followed the steps for my Quickstart guide to make this process smooth and simple.
This couple chose to do $100 a month which is basically $50 a paycheck. Are there things you’re doing that you’re spending $50 a pay on your child that aren’t helping their financial future?
Given a rough 10 to 25% year over year growth with these assets this girl could have somewhere between $75,000 and $400,000 by the time she’s 21 years old. That’s an incredible Headstart for a small reoccurring gift for your child.