Hello all ,
Seeking help /advice / suggestions for investing $260 dollars a month for my son.
I receive child support for him and am looking to invest his money and hopefully by the time he is in is 20s he'll have a nice chunk of change. I've thought about SPY , Roth IRA , traditional 401k . I have limited knowledge on where to begin. Not even sure how to start a Roth account.
Do I go to vanguard or fidelity and it's pretty easy to set up ? Would just like suggestions or advice on something that would build his money for the future. Any help is greatly appreciated. I'm a novice when it comes to this kind of stuff . Thank you so much for your input !
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