Questions of the Week – investing for kids

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Question: We have a savings account for each of our two young boys (aged 16 and 7) and have over $3,000 in each bank account. I would like to invest their savings into a more long-term lucrative and safe environment. Can you advise of some preferred ETF (or other areas to consider)? I would like to either let that compound or, preferably, if earnings were deposited into their respective accounts, for that to go toward each of their next $3,000 investment.

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