<prompt> Human: Hey pf,I want to start some investments for my nephew. He is turning 1 year old in October and while I could get him some toys or clothes, I figured I would do what no one did for me or what no one is likely to do for him. Clothes get grown out of, toys break, etc but he WILL need money later on.The question is - what to do with it? I dont have even remotely enough money to put it into some kind of trust fund I was thinking about 50 each time there is a birthday or gift-giving holiday and I dont want to pay taxes on it or have his parents have to pay taxes on it. I dont know about 529s considering he isnt my kid and I have no clue if hes going to go to college. I know you can purchase bonds but those have shit interest rates.Ideally this would be money that was tax-efficient, didnt count against me for my IRA or 401K contributions, was invested 90-100 in the stock market, and I could add to over the course of the next 18 years. Ideally I would be able to prevent him form getting at it any sooner than I say I dont want him to be able to draw on it before hes mentally capable of making good financial decisions.What do you guys think?  <response>: You can transfer a 529 to a family member. If he doesnt go to school, it can be transferred to future cousins. 