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metsmama15
LIF Zygote
Member since 4/15 7 total posts
Name:
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Investing gift money for DC
How are you guys investing the gift money you've received for your DC? Between the babyshower, Christmas, Baptism, etc we have a sizeable amount of money. What are some options other than a 529? We rather invest the money vs. letting it sit in a savings account. What are you all doing?
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Posted 4/28/15 11:03 PM  |
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jessnbrian
Only God knows His plan for us
Member since 4/13 7238 total posts
Name:
Jessica
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Investing gift money for DC
Our 529 for our ds (he has 2), is an investment, not a savings account.... It functions basically exactly the same as my 403b and 401k.
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| Posted 4/28/15 11:20 PM |
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Leb
LIF Adult
Member since 12/09 4166 total posts
Name:
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Re: Investing gift money for DC
Posted by jessnbrian
Our 529 for our ds (he has 2), is an investment, not a savings account.... It functions basically exactly the same as my 403b and 401k.
Mine has 2 529's as well, gift money I put into a youth account where at the time I received 4% for the first 1k. I keep contributing every paycheck and think I am going to put a portion into the stock market.
Since they're young I think diversifying is best.
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| Posted 4/29/15 12:13 AM |
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MaZz
* Lovin my baby girl!!! *
Member since 2/09 6243 total posts
Name:
Gina
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Investing gift money for DC
Roth IRA. This way the money can be used for anything not just education and your contributions can be taken out at any time without penalty.
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| Posted 4/29/15 6:38 AM |
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ANewDayHasCome
Love multiplies, not divides
Member since 11/12 14481 total posts
Name:
Me
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Investing gift money for DC
Dd has investment accounts (stock portfolio). It's what dh does for a living....
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| Posted 4/29/15 6:47 AM |
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FirstMate
My lil cowboy
Member since 10/10 7790 total posts
Name:
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Re: Investing gift money for DC
In addition to a 529, we have a UTMA account and a stock portfolio for DS.
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| Posted 4/29/15 3:51 PM |
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jams92
Member since 1/12 6105 total posts
Name:
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Re: Investing gift money for DC
Posted by ANewDayHasCome
Dd has investment accounts (stock portfolio). It's what dh does for a living....
We do the same plus a 529 account
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| Posted 4/29/15 4:01 PM |
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ANewDayHasCome
Love multiplies, not divides
Member since 11/12 14481 total posts
Name:
Me
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Re: Investing gift money for DC
Posted by jams92
Posted by ANewDayHasCome
Dd has investment accounts (stock portfolio). It's what dh does for a living....
We do the same plus a 529 account
Same
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| Posted 4/29/15 5:06 PM |
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Millie3
LIF Adult
Member since 7/13 1280 total posts
Name:
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Re: Investing gift money for DC
We have a regular brokerage account , in my name only. I send checks every month, and purchase individual stocks and funds through that account.
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| Posted 4/29/15 6:16 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Investing gift money for DC
High yield savings account through capital one 360
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| Posted 4/29/15 7:18 PM |
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LotsaLuv
Us
Member since 6/10 4094 total posts
Name:
F
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Investing gift money for DC
I put my DD's in a high yield Savings trough CIT Bank, and invested some in Mutual Funds. The return on the Mutual Funds is pretty good depending on how aggressive you are. We didn't put the pedal to the metal since it's her money, but we are a little aggressive with it.
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| Posted 4/29/15 8:22 PM |
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Dolphinsbaby
My 3 little guys!
Member since 12/10 2943 total posts
Name:
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Re: Investing gift money for DC
We kept a little in savings and opened a Fidelity account with the the rest.
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| Posted 4/29/15 9:28 PM |
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BriBri2u
L'amore vince sempre
Member since 5/05 9320 total posts
Name:
Mrs. B
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Investing gift money for DC
They each have 529 plans, mutual funds and a savings account. We contribute monthly to both the 529 and savings, and the mutual funds get contributed to twice a year. DH takes care of it all - I believe the mutual funds are very aggresive.
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| Posted 4/29/15 9:42 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: Investing gift money for DC
Because nj has no tax benefits for 529 accounts, we have Utma and stock market accounts.
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| Posted 4/30/15 7:40 AM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Investing gift money for DC
We put some in their 529 account and then we used some to get them things they needed/wanted over the years.
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| Posted 4/30/15 10:15 AM |
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