CNBC’s Jim Cramer told investors how to start saving for their children as soon as they’re born.
CNBC's Jim Cramer explained the basics of saving for children as soon as they're born, recommending index funds and high-quality growth stocks.
"Don't put this off. This must be done at the earliest moment to get the most time involved for your brand new loved one," he said."No one has ever regretted saving for their kids too early."said he thinks investors should start saving for their children as soon as they're born, whether it's index funds, individual stocks or both.
If investors choose to buy individual stocks for their children, Cramer suggested ones with high dividends and high-quality growth stocks they believe might lead to big gains in the long haul. He also noted that gold is a"terrific insurance policy" in any portfolio. "Don't put this off. This must be done at the earliest moment to get the most time involved for your brand new loved one," he said."No one has ever regretted saving too early for their kids."
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