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|Subject: Re: Santa’s not bringing saving bonds for||Date: 12/13/2012 7:09 AM|
|Author: notehound||Number: 411173 of 476158|
On a serious note, I don’t think it is practical to open up an UTMA/UGMA investment account with $25 to $100 annual contributions. You could probably do that about as easily as buying saving bonds online. Too much time, too much trouble IMO for the average grandparent.
Go to your local coin store and buy them a 1 ounce silver bullion coin instead.
If you buy them another silver coin for their birthdays and/or for other major events (recitals, school plays, Honor Roll, etc.), by the time they graduate from high school, they should have a better ROI than a saving bond - and they should also understand what it means to plan for the future by investing in assets instead of toys.
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