25M, not looking for personal finance advice, my best friend since childhood is having his first baby with his gf. I assume there will be a baby shower in the near future, and I want to get them/the baby something cool but also beneficial.
I was thinking of buying $500 worth of ETFs (maybe a mix of VFV, IWM, QQQ) and “gifting” those positions to the baby. Is this a possibility? How would one go about setting something like that up?