Key insights
- The post discusses a personal investment scenario with a small amount of money. While it touches on investment options, it doesn't contain information that would significantly influence the broader US equity market. The lack of scale and specific investment details makes it unlikely to move market sentiment or trading activity.
I just sold my boat to my nephew for a nominal $500. He is a freshman in college and I want to do something with the money and give it back to him when he graduates in 4 years along with the interest or gains. I have Robinhood and I have my Roth and Trad. IRAs but I want this to be separate from all that and don't want any tax liability or anything like that. Is there somewhere I can invest the $500 without him knowing and surprise him with more than $500 later? (If it goes down, no big deal since he wasn't expecting it back anyhow.) Thanks for any tips.