Hi, assuming this may have been discussed, would l...
# investing
p
Hi, assuming this may have been discussed, would love to hear thoughts. I want to open a savings account for my child to redeem at time of weddings which will hopefully compound etc. I have ZERO experience with anything like this so I am looking for both the best option which will leave me with the most money etc but also the simplest and easy to deal with option for beginners. I obviously want that if the money can be invested in an easy way then to do that but if not easy then forget about it cuz it will only make harder. Thx to all!
m
I'd suggest going through my program which answers all of this at https://app.frum.finance/ But if you're looking for just a quick answer instead 1. Read simple path to wealth 2. Open a custodial brokerage (m1 or fidelity) 3. Invest in VTI, don't look, teach child to hold and not to sell, as they approach the date of needing the money, cash out. Lots more details in the free resources though.
I'd definitely reach the book ASAP though since there are some misunderstandings in your message so start confusing all the free resources and soon enough all these topics will feel familiar.