The Motley Fool Discussion Boards
Financial Planning / Wealth Creation Strategies
|Subject: Financial future for child...||Date: 4/20/2013 1:37 PM|
|Author: emmadsdad||Number: 71 of 72|
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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