I’m about to become Uncle and Godfather and as uncles do, they look out for Family. I though about opening a " Geschenksparkonto" which would be the usual method.
Put some money there each year and I think there’s some banks which also allow you to subscribe to some Fonds through this account.
I feel like actually investing this money in a different way and through the more traditional ETF’s instead of what the shit banks usually push you would be better.
What is the consensus on this? Should I just open a Geschenksparkonto or is there a true to my idea and for example I could just use a broker like degiro and invest the money there? And then luiqidate it when the Child turns 18 or whatever?
Thanks for your opinions