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What are the best options for making investment for children?

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What are the best options for making investment for children?

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Here are a couple of ideas 1) 529 College Savings plan, or 2) Regular taxable account in mutual funds. It depends on what the money is for. If it is specifically for college, then consider a 529 college savings plan. You will be able to set aside money with the earning/gains being tax free and as long as the the withdrawls are for higher level education you are not taxed when you cash it out. If it is a general investment that you want the flexibility to take out for any reason and not specifically college, then maybe just a regular mutual fund in growth stocks. Either way the best thing is to set up automatic investment plan so that a specific amount is invested each month as a draft on your bank and you don’t have to worry about making checks or missing a month.

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