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Subject:  Re: grandchildren Date:  8/12/2000  5:29 PM
Author:  RicsAst Number:  4688 of 6776

I want to start investing for my grandchildren Since I have 4, is it better to set up 4 different accounts or one account for all the children?

bgh327, let me add a little to what TMFCookie said. First, what do you mean by “better”? There are two options: Better for YOU or better for your Grandchildren. Review both options and then decide.

Option 1: Better for you. The best way to go is to set up a Guardian Account. This is just an everyday, ho-hum, brokerage account that you can set up with any major discount broker (preferably on-line so as to maximize low commission