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Ask HN: What is a good financial gift for a 17 y/o
My first thought was to give my 17 y/o niece a cash fit. However, I'm wondering if there is something better that holds value but can also be an introduction to financial literacy and investing.
- mydriasis 3y agoSet her up a fidelity account with the help of her parents, and throw $100 on their S&P index :) I think that'd be a fabulous gift.
- mrefish 3y agoNot really advice, but sharing my experience. A family friend of ours gifted me U.S. Treasury bonds each year when I was young, before she passed away. I learned about saving and investing at a younger age partially because these and other financial instruments were given as gifts. I also received shares of stock and then learned about dividends and reinvesting those dividends. I cashed out the U.S. Treasury bonds for the down payment of my first house and I’m incredibly grateful for that assistance, thank you Auntie Hope <3.
- edmundsauto 3y agoSeries i bonds grow tax free and can be purchased for another person as a gift.
- seamac3 3y agoYou could introduce her to stocks. Perhaps Schwab Slices?