Let’s discuss investing on behalf of your kids. How to do it well? How to do it poorly? Share your good ideas and bad anecdotes here.

We’ve all seen r/wallstreetbets or know the kid who bought a Porsche with their college fund. How do you invest for your kids? Do you tell them you that they have investments? Do you keep it secret? What are your experiences with the 529, ESA, UGMA/UTMA, Custodial and IRA accounts?

I want to hear your worst anecdotes of bad money management by kids who inherited their wealth.