NJFBOA - Home of New Jersey's Camaros and Firebirds - investing money for a friends child

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heavy_chevy29

10-19-2013 04:44 PM

investing money for a friends child

my friend/bro of almost 20 years has a son that is about 8-9 months old. i was thinking of setting the kid up with something so that he has some cash for the future(wedding, kids, bills, college, bad ass car lol). i was thinking around 5k. my friend doesn't know im planning this, so I wont have a ss#. are bonds the only thing or can i do something else for him. any help would be great. thanks

V	10-19-2013 06:03 PM

Buy 5k worth of gold, and wrap it up as a gift. lol

but seriously, i would suggest savings bonds, don't think you need SS#, but with our government, id be weary of even those now.

Squirrel

10-19-2013 06:22 PM

something like a precious metals mutual fund might be a cool gift to give 20 years from now

sweetbmxrider

10-20-2013 08:43 AM

Buy gas, should be worth more than gold by then :lol:

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