<prompt> Human: Hello all, Like the title says, I have a sister who is 18 years younger than me and I want to make sure she has money for college or whatever when she graduates high school. Id like to put away about 500.00-1,000.00 a year for her but Id like it to earn some interest and have it be in her name with me as the executor. Edit: so what Ive looked into, Ive found that Gerber Life offers a 529 with a life insurance option attached to it. Some people have said dont go with a brand name like Gerber so what are some alternatives? This seems like the best of both worlds as it lets me keep it if she ends up being a degenerate and cant be trusted or still goes to her if something were to happen to me. Thanks for all the advice and encouragement!Edit 2: I appreciate all the advice, but like I said in the op. Im looking to invest slowly, I dont have a large sum of cash to invest immediately so things like buying real estate, sums of gold and silver, or bitcoin just arent going to work  <response>: If you are in the USA and you want her to use the money for college, you should look into a 529 Savings Plan. There are lots of benefits to it including that other people can contribute to it, it wont count against her financial aid package, and its transferrablr among family members and you choose how the money is invested, which could potentially get you higher returns than a simple savings account or trust. 