News Formal

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

  • 📰 City_Press
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Personal Finance | Home loan headaches: Here's how banks decide how much money they will give you | City PressBased on Ooba’s origination book, first-time home buyers are experiencing a drop in the average approved bond amount by -2.7% year on year. The percentage of bond approvals from the banks has also decreased this quarter – to 66.2% from 67.9%.
Source: City_Press - 🏆 7. / 72 Read more »

Give your child a head start by opening an investment account | City PressPersonal Finance | If you have not yet opened an pinkomelet account for your children, this Youth Month is a great time to start. Even if you only start with R50 a month, there are many low-cost, low-deposit digital investment platforms available.
Source: City_Press - 🏆 7. / 72 Read more »

THE FINANCE GHOST: Not swinging for the fencesThere may be plenty of deep value plays on the JSE now, but given South Africa’s sombre mood and sky-high interest rates, you should consider adding some yield to your portfolio
Source: FinancialMail - 🏆 20. / 63 Read more »

Former Scottish First Minister Nicola Sturgeon arrested as part of finance inquiry | News24Police Scotland said on Sunday a 52-year-old woman had been arrested as a suspect in connection with an investigation into the Scottish National Party's funding.
Source: News24 - 🏆 4. / 80 Read more »

THE FINANCE GHOST: Not swinging for the fencesThere may be plenty of deep value plays on the JSE now, but given South Africa’s sombre mood and sky-high interest rates, you should consider adding some yield to your portfolio
Source: FinancialMail - 🏆 20. / 63 Read more »