Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice

Trump Accounts, a new custodial IRA for children under 18, launched on the Fourth of July. The Treasury Department will invest contributions in the State Street SPDR Portfolio S&P 500 ETF (SPYM) by default, aligning with Warren Buffett's advocacy for S&P 500 index funds. Eligible children born between 2025 and 2028 receive an initial $1,000, and contributions can come from multiple sources including employers and philanthropists.