I have an Roth IRA account. However, I don't have that nearly that much in my Roth IRA. I read this and I was wondering if this is really possible? How much can I make in 10 years if I left $4,00...
my sister just died, and I think a man in mom and my dads life is scamming them. He owns slum hotels in WV and FLA and is "being so gracious" to have my parents get a loan for him for 15 ...
Should I leave it in a savings account that has a 2.49% fixed interest rate? or
Should I put it in a CD that has a 3.56% interest rate? or
Should I put it in an IRA?
I would like to take short positions in stock market. So tell me the ways to spot the right shares that can give me a good return i.e. 8% to 10% returns in 10 to 15 days....
I am tired of banks offering ridiculously low rates. Looking for a return of higher then 5% and low to medium risk. If the investment is between $15-20k what are the best ways it can be invested to ...
I have a small stock portfolio that is for my retirement and an individual investment account. But now that the stock market is falling should I just leave the stocks as is and wait for things to ...
I have 30,000 USD to invest. Right now it is in an IRA invested in mutual funds. (templeton fund) Is there any thing any better? I want some aggressive and some passive investing. ...
The Halifax offer an account called expresscash for 11-16 year olds...currently paying 3.2% interest (i think)
this is a card account with visa electron facilities on it...as your son grows up the account can be upgraded to a current account with full banking facilities
Lace
Why not open him up a "savings" account in your name and once he is 16 just transfer it over to him? It's an idea.
Spiny Norman
I think the Post Office do a very safe tax free savings account. Alternatively you could invest in Premium Bonds until you can open a bank account for him.
adrianne
I'm pretty sure you can open a joint accout with both your name and his. Then just put it completely in his name when he's old enough.
Ravi A
I have a nationwide account called a "Smart account", which has a passbook option, as well as a card, and pays out 4.16% interest!
Check it out here: http://www.nationwide.co.uk/savings/under18/smart.htm
vegas_iwish
Best account would never be in a bank. Pick up a mutual fund or something for him. Get him started early before the fear of investing sets in.
Franco
Currently the highest interest is from a child's saving a/c at Clydesdale bank paying 5.65% (tel.0800 445 265). You can then change it to a normal a/c when the boy is no longer a child.
The Dragon
Nationwide Smart Account can be opened in your name or his name and is tax free for a little while for him
It has a book but not sure about a card for the ATM.
It is also paying a healthy rate of interest at the minute.
MR MONEY
Either open a joint savings account at your bank, or if you want to invest the money (very good choice) then open either an UGMA account for minors or a 529 college savings account.
Zach C
you can establish an utma acct for him at any brokerage firm.
skymav5
open an ugma account which you will control until he is 18. call my money manager at Moreland Capital Management. He has no minimums and gives excellent service. His number is 208-578-7931.
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