What is the 2024 strategy for building savings for children?

Basically topic, but my wife and I had our first child a few months ago.

After all the various gosyugi, and presents, we're lucky enough to have a non-insignificant amount left over that we would like to save and put in our child's name for the future.

My ideal strategy would be to put it into VTI or similar via NISA or something and let it simmer for 20 years, but from what I can read in my preliminary research, Junior Nisa is no longer a thing.

As such, I come to you r/JapanFinance to ask for advice on what are the alternatives to Junior Nisa in 2024 to build savings for children.

Any advice here would be appreciated.

by Devoa

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