The average person spends $271 on each child for Christmas. If this money was put in a low cost index fund and earned a slightly below average return of 8% a year, after 61 years the account would be worth $299,964!!! For a 4 year old this would be a nice amount to have at 65. I cannot believe I give out such valuable information for free!! Oh well consider it your Christmas present on Christmas Eve
Merry Christmas
Anthony Isola
Source: LPL Financial
