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Even though the kid's not a big spender, he might appreciate some spending money over investment gains while in school and jobless. $200,000 in municipal bonds could be ~3% annual gain plus a federally and potentially state tax-free coupon of about $500 monthly (~3% annual). In a defensive market sector like consumer staples, it could be ~8% annual gain plus a taxable dividend of about $1200 quarterly (~$2.5% annual). Alternatively, a few thousand in cash, that same amount in a one-year CD, and the rest invested in a broad-market index like VTI.
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May 21, 2016 04:34
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| # ¿ Apr 28, 2024 00:38 |
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