Where should my adopted children invest $10,000 each for the long-term?

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  • #104932 Reply
    Adam

      So many variables Maybe use this as their emergency nest egg in a hysa.

      They get a little head start but now must build other disciplines.

      #104933 Reply
      Scott

        Are they planning on getting a post high school education? If they are is it paid for?

        #104934 Reply
        Christine

          If they are working, put it in a Vanguard ROTH IRA and use JL Collins’s method from his book a simple path to wealth

          The ones that are not yet working can put theirs in a brokerage and do the same then transfer it to the RoTH once they start working

          #104935 Reply
          Tom

            Don’t know what their plans are, but a HYSA might be a place to park the funds.

            It could be a practical learning experience maintaining an emergency fund.

            #104936 Reply
            Krista

              I’d have them open a brokerage account and invest it in a etf that tracks the S&P 500

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            Reply To: Reply #104933 in Where should my adopted children invest $10,000 each for the long-term?
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