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Thread: Investment vehicle

  1. #1
    Join Date
    Apr 2004
    Location
    Minnesota--10,000 lakes
    Posts
    2,013

    Investment vehicle

    What would you suggest a grandfather do to aid in the financial security of his two grandsons?

    I would like to put money aside each time one of them has a birthday, celebrates a holiday, graduates from something, etc.

    Would you consider US Savings Bonds or something else?
    - Which is worse--ignorance or apathy? For my part, I don't know and I don't care. -

  2. #2
    Join Date
    Apr 2004
    Location
    Oregon
    Posts
    7,012
    One consideration is keeping your contributions jointly in your name and the grandchild's name, releasing your co-ownership in your will. In only the child's name the parents are legal guardians and have the ability to use the gift at their discretion.

    I'd think shares in currently undesirable land or low yield blue chip equity stocks would be a far better hedge than US bonds or currency. And a lot more interesting in 15-20 years.
    These are my principles. If you don't like them I have others. ~Groucho Marx~

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