11 year old's savings on Yedda - People. Sharing. Knowledge.

Best Answer

Karen

297 answers

174 thumbs up

Life is like a Vapor, here then gone

You can swim all day in the sea of knowledge, and never get wet.

you can put it in a trust fund or a safe Mutual fund. But you cannot pull the money out without a fee. You will have some interest in a mutual fund, and it is safe, it will take years for it to grow if you dont add to it. If you add to it, leave it alone then the child will have a nice account when they are older

Posted 4 months ago ( permalink )

In reply to Cheryl's question

Rated as
Best Answer

Report Abuse

Helpful?

All Answers

brosen

1062 answers

774 thumbs up

Since this is probably long term savings, look into the various CD's the banks in your area are offering. They pay a bit more interest and are risk-free.

Posted 4 months ago ( permalink )

In reply to Cheryl's question

Rated as
#2 out of 2

Report Abuse

Helpful?

Sign in to participate

Got an answer for Cheryl? Would you like to comment on the posted answers, or vote for the one which you think is the best?

Explore Related Questions

Other people asked questions on similar topics, check out the answers they received:

Looking for smart tax deductions for 2008

My wife and I will make about $400K this year. Our personal debt (credit cards) is $0 and our current 15 year mtg. has $300K and ...

Submitted by BobB 6 months ago

4 answers
viewed 294 times

Last answer posted 5 months ago by chris

Asked about "Money on AOL Coaches"

I have a lot of copper pennies. Should I save them ...

I have a lot of copper pennies. Should I save them because the price of copper keeps going up or should I deposit them into my ...

Submitted by leeky1 6 months ago

1 answer
viewed 377 times

Last answer posted 5 months ago by domino

Asked about "Money on AOL Coaches"

How do you convert pounds into U.S. currency

how do you convert pounds into U.S. currency

Submitted by jenshawin 1 year ago

4 answers
viewed 1984 times

Last answer posted 4 months ago by tul2007tul

» More...

Explore Related Posts in Forums

Money money money money money

Money money money money money Please help ~~~ need money to build things and to go out in Sims Hot Re: Money money money money money Quote: : Did you try the...

money money money money money money

http://www.youtube.com/watch?v=fGCmAM6Oafc Why chase the game when the bullet can get em from... That was pretty good Kirk http://www.thecampfireonline.comThat was a good funny"Artillerymen...