Copy of Wouldn’t you like to give a gift that keeps on giving?

Start a UGMA (Uniform Gift for Minors) for a child, niece, nephew, or grandchild. You can start these accounts with as little as $10.  Add to the account each holiday season and let the child watch the growth. With teens, get them involved. Maybe give them a list of some diversified exchange-traded funds (ETFs) that contain companies they will recognize. By investing over the long-term, your UGMA can harvest the benefits of compounded growth. Investopedia has more information:

https://www.investopedia.com/terms/u/ugma.asp

If you or your teen would like to learn more about investing, or want more information on how to open accounts, see our books specifically oriented toward future financial independence for children and teens.

https://parentsfin.wixsite.com/website/books or our books on Amazon 

Raising Financially Independent Children

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cially Independent Teens

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