I opened a mutual fund this week for my great grandaughter. This will be one of her birthday presents when she turns 3 the end of June. I chose vanguard star fund. Their minimum is $1000 to open a fund.
In the "good old days", you could open a mutual fund in many companies for any amount. I started my mutual fund savings with just $50 in the American Century fund, Heritage. I still have the fund.
I can remember going home every night and putting away 10% of my tips into a little wooden box to add to that fund every month. Tips were always low here, so usually my 10% was only $2. But, I faithfully sent the money that I saved, into that mutual fund every month.
I opened mutual funds for both of my granddaughters when they were born. Now they each have over $10,000 to help with a down payment when they buy a house.
I hope little Ava will enjoy her mutul fund money when she gets older and remember her old great grandma julie.
Great granddaughter has a mutual fund!
March 11th, 2016 at 03:34 pm
March 11th, 2016 at 04:11 pm 1457712672
Your granddaughters will benefit hugely from your generosity and thoughtfulness.
March 11th, 2016 at 04:13 pm 1457712828
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