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Personal Finance | Give your child a head start by opening an investment account | City Press

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The best time to start investing for a minor is at birth. Starting early helps to maximise the overall returns and build a portfolio over time. Starting early also means you can afford to take on more risk with an investment portfolio.

Stash for Kids is a great app-based tax-free investment platform. It allows you to put away money for your child, from as little as R5. It has zero fees and the funds are invested in the 40 largest companies listed in South Africa. The app allows you to top up the investment for as little as R10.

It can be a great way to reward your child for doing chores or excelling in an exam. It is backed by financial services company Liberty and you can download the app via the App Store or Google Play.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.

 

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