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Subject: Financial future for child... | Date: 4/20/2013 1:37 PM | |
Author: emmadsdad | Number: 71 of 76 | |
Hi all, new to the boards. I would like to ask everyone's opinion on my situation. Long sory short, I would like to set up some investments now for my 11 yo daughter with the hopes that 25-30 years from now she will have a nice sum of money for herself. I am teaching her the value of money, and even trying to get her interested in how things work financially. I willbe there to help her pay for college, hoping that scolarships will play a good role in her college education. I also do not want to hurt her change for scholarships or financial aid by having to much money in her name. Currently I have a UMA with about 10,000. I DRIP JNJ, KO, COP, WMT. My plans are to get each stock to 100 shares and let them ride. I am thinking abot buying 100 shares of GE also. So any other opinions of what I can do to get her started. I guess I will put th stocks in my name until she is past college so as to not affect financal help. Any other stock picks good for the long haul. I will buy as many shares a possible until I hit the 100 mark on any of them. Thats the jist of it. Any opinions will be greatly appreciated. Thanks Emma's dad |
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