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Updated over 8 years ago on . Most recent reply

Max T.'s profile image
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Max T.
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  • from Philadelphia, Pennsylvania
  • Member since Jan 4, 2015
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Max T.'s profile image
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Max T.
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Max T.
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Personal Finance

Best Investment for a Newborn (other than a rental property)

Max T.
  • Investor
  • Philadelphia, PA
Posted

Summer vacation started today (I am a high school teacher) and I'm sitting here with my 6-week old son (first child).

This is the first summer I've had in a long time that I'm not rehabbing a newly acquired rental (or turning over a few units) and I'm thinking what to do...

I do have a downpayment saved up so I'll jump on a good deal if one comes around soon but I'd like to start a new indexed investment for my son.

Maybe a 529 savings plan or custodial brokerage account (UGMA/UTMA). BP parents, what do you do?

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Justin Fox
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  • from Vidor, TX
  • Member since Sep 10, 2015
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Justin Fox's profile image
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Justin Fox
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  • from Vidor, TX
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Justin Fox
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  • Vidor, TX
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Justin Fox
  • Software Developer
  • Vidor, TX
Replied

Whooping Cough vaccine.  Lots of snuggles.  Breast milk.

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