My wife's Grandmother just passed and has left $5,000 for the great-grandchildren. My son is one of the beneficiaries and I would like to invest the money. He is only 6 years old so there's plenty of time to allow this to grow. Whether it's college or money to buy a truck and welder for a growing business, doesn't matter. I don't want to lock it down for only one purpose, though. As long as it's not wasted on soul-searching while traveling through Europe when he's 19. We have a financial planner for our (wife and I) investments and I will consult him shortly but I'm looking for ideas before I contact him.
Thanks
Thanks