[USER]

I adopted 3 children internationally. These children received money from their government on a monthly basis, but they could not access it until they turned 18.

It was meant to give them funds to start life when they aged out of the orphanage.

Each child has around $10,000 and they are now old enough to access it.

It is not earned money, and they don’t need it to live at this time.

I have discussed the advantages of saving and investing with them, and they are all on board.

Where is the best place for them to invest this money for the long-term?

[Adam]

So many variables Maybe use this as their emergency nest egg in a hysa.

They get a little head start but now must build other disciplines.

[Scott]

Are they planning on getting a post high school education? If they are is it paid for?

[Christine]

If they are working, put it in a Vanguard ROTH IRA and use JL Collins’s method from his book a simple path to wealth

The ones that are not yet working can put theirs in a brokerage and do the same then transfer it to the RoTH once they start working

[Tom]

Don’t know what their plans are, but a HYSA might be a place to park the funds.

It could be a practical learning experience maintaining an emergency fund.

[Krista]

I’d have them open a brokerage account and invest it in a etf that tracks the S&P 500

[Author]

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