What Is The Best Investment For My Child If I Have A Couple Hundred Dollars?

If you want to just "set it and forget it," your best investment option for your child would be either some index exchange-traded fund (ETF) or a dividend-paying stock.

Here are two ETFs that you could buy with a couple of hundred dollars:

iShares Preferred and Income Securities ETF (PFF)

• 06/15: $38.99
• Yield: 4.61%

Invesco Financial Preferred ETF (PGF)

• 06/15: $19.23
• Yield: 4.86%

If ETFs are not your thing, you could park your cash in these two stocks and accumulate the dividends:

Restaurant Brands International (QSR)

• 06/15: $68.34
• Yield: 3.10%

Suncor Energy (SU)

• 06/15: $25.49
• Yield: 2.52%

You could also buy BRK.B, but there are no dividends.