Posted on: 09 Nov, 17
Whether you’re a relative, parent, grandparent or a friend, investing for a child’s future is one of the most important things you can do. For any investor, time is a powerful ally – so where you are investing on behalf of children, you start with a great advantage.
ot only do long timescales allow for greater risk-taking and thus higher potential returns, but there is the power of compounding, as profits are re-invested year on year. Ask any parent, and they’ll agree on one thing: one minute your children are toddlers, and almost before you know it they’re going to university or planning to buy their first property. Whether you save little and often or have bigger sums of money to invest, keep going over a few years and you can build up a really useful amount. It can go a long way to setting them on the road to becoming independent or helping them with university or housing costs. You might even encourage them to become savers. Saving for a child today is a wonderful gift for their future. Not only can they start their adult lives with some savings in hand, but getting kids involved early with saving also helps them learn important lessons about money.
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