Ways to Invest for Children
As you journey with children from ABCs to adulthood, investing for their future can help to build a strong foundation for the years ahead. The earlier you begin, the more time the funds can benefit from the power of compounding, where money earned from investments can generate additional returns over time.
There's a range of investment options to consider when beginning this financial journey. Importantly, these accounts aren't limited to parents--depending on the type of account, other family members or legal guardians can open or contribute to them as well.
Several types of college savings accounts are available to help families fund educational expenses.
Source Fool.com
