<prompt> Human: Im really new to this sort of stuff. My daughter is only two months old. What I want to do is open up a Roth IRA but from what Ive read is that she needs to have an income to deposit it in. Banks dont really have interest on saving accounts anymore. So what would be the best course of action? Assistant: My folks bought stock in an extremely reputable company when I was born under my social security number. At 31, it allowed me to have a down payment on my first house. And I still have plenty of stock left over. Buy a few shares of something that will last. Set the account up as a custodial account and then just let the dividends roll over for a few decades. Human: That sounds like a good idea. So something thats reliable like a Google? Instead of a high risk like a new start up company? Correct.  <response>: Dont buy individual stocks and certainly not from only one or a few companies. Instead, just buy something like a total stock market andor total international stock market index fund. 