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In response to "It's not *that* bad of an idea. I've seen plenty of other people recommend it. SmartMoney calls it a growing trend. -- nm" by mara

I opened a brokerage for my niece one Christmas when she was 2. I put in a few shares of mutual funds and few shares of blue chips.

I linked the account to Upromise. Her college fund is now worth about $5000.00. Accruing the money was painless for me.

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