Re: Newborn Investment Ideas
Look at 529 plans in your state. Find the one that has the best investment choices and best fees, and allocate the money aggressively. Some of these plans have accounts that are age based and reduce the stock allocation as the child gets closer to college, which I think would be a good way to do things. 529 plans are tax deductable if you use them for college so you won't pay any tax when you take the money out.
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