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Stocks
Shop around for bargains. When my son was born people gave us cash gifts. I took the cash and bought a couple of stocks, but usually 10 or so shares. One was a electric company in the toilet as they had to write off a nuke plant they were building stock went from $30 to $6 and stopped the dividend. His $60 investment is now worth about $2000 plus he gets about $150 a year in dividends.
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