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Avoid individual stocks.  Consider a low cost growth ETF and ensure dividends are set to automatically be re-invested.  The money will snowball bigger over time.

Also be aware there are often government programs that can help with saving for a child's post secondary education.  In Canada there are two such programs:

1) The Canada Education Savings Grant (CESG) where the federal government will grant funds based upon a percentage (to a lifetime limit of $7200) of what an eligible family puts aside for their child's post-secondary education.  (Details:

2) The Canada Learning Bond (CLB) where the federal government will provide an initial $500 plus $100 per year up to and including the year the child turns 15 (to a lifetime limit of $2000) for eligible families of modest income that invest the funds towards their child's post-secondary education. (Details:

If you live in the U.S. or another country, do a Google search to see if there might be any similar programs.


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