Our son currently started working a part-time job. He will be a senior in high school, so basically making minimum wage. What I asked him to do was to let me take 50% of his net pay and invest it for him. He was very willing to let me do that. We have an account for him for college, which I've been adding this money to for him. But am really thinking that we should start a Vanguard account for him.
If we go with Vanguard (and we already have accounts at Vanguard), does anyone know if there are any funds that have a fairly low minimum fee to start that might be good for him at this young age? And, being that he is a minor, can we just go ahead and put it in his name (since it is basically his money that he is earning)?