To encourage daughters (23 and 21) to begin to save and become familiar with investing...Let me be a desenting voice. (Note, the following is a little over the top for dramatic effect. Nothing personal.) Hello?!?!? Your daughters are 23 & 21, in otherwords adults. I assume they are out of college and fully on their own. I might talk to them and encourage them and show them where/how they can be millionaires, but to fund them at this age? Maybe if they were 13 & 11. This slightly smacks of enabling/dependence. "The Millionaire Next Door" has a chapter on dealing with kids and money. Basically, give the kids a good raising and college if needed, but teach them to manage/earn their own money or they will never appreciate/earn their own money.Otherwise, its a nice gesture but a potential slippery slope.JLC
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