We all want the best for our children and at Stockspot we’re passionate about helping every generation build a strong financial future. That’s why we believe kids should have the same opportunity to benefit from investing as adults do..
With Stockspot, kids invest for free, there are no management fees on kids’ accounts up to $10,000 or until they turn 18. As you grow your primary account balance so too does your kids fee-free limit, see the full fees and pricing tiers here.
Why do Stockspot offer free investing for kids?
We believe that saving and investing are incredibly important topics that children miss out on learning at school. If more children get first-hand experience seeing the benefits of regular saving and compound returns, it will be one of the most valuable financial lessons they’ll get in life.
Why should you invest for your kids future?
Stockspot is a simple low-cost way to invest for your children and teach them about the power of long-term compound growth. Investing early is also a powerful way to help them gain financial independence.
We know raising children in Australia is not exactly an exercise in frugality.
Everything. Costs. Money.
From school uniforms, three nutritious meals a day, replacement clothes for everything they’re always growing out of and music lessons or sports coaching. Yes, they are costly critters! The average Australian child costs around $406,000 to raise.
By investing slowly over the years you can help them to afford those bigger ticket items they’ll need or want in the future. It might be their education, a car, a house deposit or traveling the world, investing can help get them there.
Hear why our client Diana invests for her children.
Should you invest or save for your kids?
There are plenty of children’s savings accounts offered by the banks. Some offer a nice headline rate but many have all sorts of terms and conditions applied to secure this.
Then there are the old fashioned investment bonds and managed funds that come with old fashioned high fees. And you never really know what your money is invested in.
We don’t believe your returns should be eaten away with high fees. Keeping investing free for kids under 18 or with balances under $10,000 means your children get to see more of their money growing, and less paying fees. We’re also completely transparent about what you own and the fees you’ll pay. Plus, you can easily see your kids portfolio returns in your app or dashboard or see our historic returns here.
How do I invest for my kids with Stockspot?
It’s easy. Simply sign-up online and select ‘investing for a child’.
Answer a few questions about your goals and investment timeframe and we’ll recommend a suitable investment portfolio.
The minimum investment to get started is just $1,000.
You can also start with smaller amounts and when your balance reaches $1,000 we’ll invest it for you.
Find out how Stockspot makes it easy to grow your wealth and invest in your future.
