Opened a Custodial account for Naomi

We have opened a custodial account for Naomi. This is an account where the content belongs to her but the account will be managed by an adult. We make the investment decisions, the money will be available to her when she turns 18.
I have made the first deposit and invested it into this fund: Merk Hard Currency Fund. It is fund that invests in NON dollar denominated bonds and saving accounts. Foreign currencies: euro - swiss franc - canadian dollar - ... .

It is a similar account to our accounts which means that a free European wire transfer to a German account will put money into the US account. A euro amount will be transferred to USD with an 0.2% exchange rate cost which is the lowest we could find.