My aunt gave me one share of IBM stock when I turned one year old. When I cashed it out to help pay for college, it was worth $800-- through dividend reinvestment, splits, and increase in share price. I think it is a great idea that I would like to use for the young children that my close family and friends are popping out now. I'm wondering if anyone else has done this, and if they have recommendations for services to use, or specific shares to give-- I'd imagine any blue-chip stock would be a decent choice, but what about buying shares of an ETF or say a PIMCO Fund? I'd think a managed fund with some diversity would be a better choice than a single company in terms of long-time horizon yield. Thoughts?