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Subject:  Re: Brokerage account for child Date:  11/23/2020  2:09 AM
Author:  MoneySlob Number:  131354 of 132652

My 37 year old daughter opened a Charles Schwab Roth with no money down.

I remember my parents set her up with a trust fund when I got divorced to become hers when 18.
The idea was she would use it for college.
Instead, she lives off the money for a year and bought '69 Chevy Camaro with a big rear end and it was stolen almost immediately because she didn't have enough money for comprehensive insurance.
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