If it was me, I'd probably dollar average into a good index fund and let it ride for 12-15 years. I'd also consider having a chunk of the money unavailable until the kids are 30+. It could really set them up.

Perhaps you split the money up. A conservative account for college and an index fund for the rest.

The older I get, the more I realize its a simple game of time in the market and inflation in regards to stocks and real estate.

I may be crazy but it sounds like they already have a great head start. They can afford to take risk. I would shoot for the moon with a custodial brokerage account.

Yeah they are extremely fortunate, and I don’t think they will ever realize just how much of a boost this will be to their lives when they are older and know about the accounts. I get the whole can afford to take the risk but our reservations over all of it is we don’t want to be greedy yet at the same time would like it to grow more than a “savings” account could offer. I feel like the market is due for a correction so that’s why I was steering away from market based options.

A correction will be long recovered in 15 years. Don’t let inflation steal meager gains.

Don

x2 pull of a simple Index fund that tracks the S&P500. Start at 2006 and look at today. If another 2007-10 starts tomorrow, they'll be more than fine by the time they hit 25. Diversify and get in already. There's no reason to be scared when you have time on your side and don't need the money. Good luck to you and the family.

Can we talk about tax Strategies . If new thread required LMK
 

Let's say you have followed all the things defined in this thread and you are sitting on a 7 or 8 figure nest egg. Some in retirement accounts like 401k Roth ect some not, some in long term cap gains some in short term.

Can we talk about Tax strategies ?
How do they differ when you're still making a good employment income?
How do they change when you have no employment income?
Pros and Cons of IRA to Roth conversion ladder..?

Are you boys heaping in or waiting on the sidelines to invest any real coin?

Sitting and waiting for some floor to be established...will likely start nibbling back slowly.

:popcorn2:

Got my SS handed to me . Lost the battle not war , so I’m sitting and gathering ammo ready to deploy.

I think the bottom is a ways off yet, probably the 3rd quarter 2022. Not trying to catch this falling knife but I am starting to think about choices when the bottom becomes more apparent. Timing the market is a fools game but in this case I'm going to play the fool with my play money and hold off for a while.