Stock Investing for Summer, 2021

I usually wait until a bit later but since there is some money on the sidelines anyways and I’ve made some stock recommendations (see here), it makes sense just to do this all right now.

This year we’ve moved 4 of the accounts (2-5) from UTMA to where they are owned by the beneficiary but the (former) trustee has “limited” agency power to see the data and make trades, but can’t move money in or out of the account.

This makes investing slightly more complicated in that I need to send the money to the beneficiary and THEY need to send it on to the investing account. I can no longer move money directly from my account to their account (due to the limited agency rules).

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