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Savings Account for Baby (lemmy.ml)

submitted 2 weeks ago by huquad@lemmy.ml to c/personalfinance@lemmy.ml

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My parents want to give my new baby some money for a savings account. However, if its just going to sit there for 20 years, I'd prefer for it to gain interest/dividends. Is there any easy way to setup a fund that tracks s&p500 and preferably tax advantaged? Or am I better off just investing in the relevant mutual fund.

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[–] lurch@sh.itjust.works 0 points 2 weeks ago

I would be careful investing in US American things at the moment. There's TACO trump and the AI bubble. I would suggest to diversify internationally.