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

  • 📰 City_Press
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Personal 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.

These include SatrixNOW, EasyEquities and app-based Stash, which allow you to invest for your child in long-term assets such as shares on the stock market.

Most unit trust companies allow investments to be opened in the name of a child, although their minimums are usually between R300 to R500 a month.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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 ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines