My kids have both expressed interest in opening investment accounts. Age 19 and 17. They both are planning to pay most college costs with scholarships (19-year-old got all but $3k for her freshman year) or family support. We will pick up any differences, so no loans.
I am basically thinking about normal, long-term investing, not special 'kid' programs like 529s, since more then likely they will not need the money specifically for college costs, and may want the $ for other things as they get older.
I am nearly completely naive about investing, to be honest, so am looking for some suggestions. Roths? Vanguard accounts? Will I need to be a custodial for the 17-year-old?