/biz/ - Business & Finance

I want to put 10k into some sort of savings/investment vehicle for my cousins (currently under 10 years old) to pay for a few college classes and some books when they graduate high school. What's the best way to do this? My father used bonds for this, is that the best approach? What type of bond should I look into? My main priority is to preserve the principle relative to inflation and I don't want it to affect us much financially or in terms of tax filing or anything else. Should I look into Chinese bonds instead?

Back down we go?

Is there any legitimate explanation for the stock market being explained in "points" on the news? Seems like a tactic to scare low-IQ boomers who don't understand that the headlines in a giant red box saying "LARGEST STOCK CRASH OF THE YEAR, MARKETS ARE SELLING OFF OVER 700 POINTS" means a measly 3% decrease?

>>10306657
done