<prompt> Human: Hello- My 7 year old son has been gifted 2,500 that I have in my possession. I do not want to put it in a 529 account. I am already funding a 529 account for him with enough to pay for his college. I want him to be able to do whatever he wants with this 2500 when he is old enough to be responsible hopefully buy a car!.Im considering investing it in index funds inside of an UTMA account. Maybe add a small amount to it a little each year. Any opinions for or against this idea andor suggested alternatives?Edit:Thanks all. Im going the UTMA route. I never expect the balance to get huge in this account and plan on him liquidating it before college, so no worries! Will keep it at TDAmeritrade with the rest of my other accounts. Thanks again!  <response>: THX! 