We all want the best for our children. As investing evangelists we believe children should be able to benefit from investing in the same way adults can.
Which is why our kids’ accounts are fee-free for amounts up to $10,000 or when a child turns 18.
Why are we doing this?
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.
Invest in their 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, clean underwear and music lessons. 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.
Kids need a better way to save
There are plenty of children’s savings accounts offered by the banks. Some are decent but many have all sorts of terms and conditions applied to the introductory rates. Plus we all know the banks will be sending them credit card offers as soon as they reach the right age.
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.
Over the last five years, Stockspot’s portfolios have returned 7.4% p.a. to 10.8% p.a. on average, and we’re completely transparent about what you own and the fees you pay.
In this video, Stockspot founder and CEO, Chris Brycki shares his top five investing tips for new parents.
How do I get access?
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 $2,000.
You can also start with smaller amounts and when your balance reaches $2,000 we’ll invest it for you.
Find out how Stockspot makes it easy to grow your wealth and invest in your future.