How to invest for children?

Children
202

You can’t buy VT on DeGiro because it is an US-Domiciled ETF :sweat_smile:

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203

I’m at PF for now and buying VWRL…that’s why I said without being up brokers and US/Ireland again :roll_eyes::sweat_smile::innocent::joy:

204

im pretty sure i already own some shares…

205

Degiro doesn’t allow Europeans citizens and EEA to buy shares of US-Domiciled ETF. Maybe you own some shares because you transferred it or buy it some years ago. But since 2020, it’s not possible.

Or maybe you are talking about VWRL ?

206

Yeah its VWRL

i own Vanguard FTSE All-World UCITS ETF USD
IE00B3RBWM25 via Euronext Amsterdam exchange.

207

Yes this is an IRELAND-Domiciled ETF :wink:

It’s the « alternative » European choice of VT, but they don’t track the same index.

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208

Now that there is no fee on IBKR any more I created a new account there for my child and am buying VT. I have a few stocks still on DEGIRO but will probably sell.

209

can you create sub accounts so you know what is for your childern and what is not?

210

yep it’s pretty handy and very simple. You have a link under settings somewhere to create new account then you can access both from the app or portal and they have separate money.

The Swiss Poor explains how to do it here: https://thepoorswiss.com/invest-for-your-children/

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211

Do you know how many accounts you can create this way ? I mean, if you invest for your nephews, and then you need it also for let’s say two childs, how do you manage it ? :sweat_smile:

212

I think the limit was either 15 or 25 I don’t know the exact number. If you want to manage more you would have to create a “qualified advisor” account.

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213

Resurrecting this thread. Are there any good investment accounts for kids in 2022? Looking for a boring old passive ETF account with low TER where I can contribute a small amount monthly/yearly for my godson.

214

Or Degiro.

215

I opened a linked account on IB for our daughter. I already have all the other investments there, but can still easily separate it from my account like this.

216

Is it officially on your daughter’s name? There were some messages saying it is not possible if you are not in US. Otherwise of course it’s a possibility.

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217

No that’s not possible with IB. However, my wife knows that it is for our daughter and if we both die (knock on wood), she would anyway be the heir.

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218

I’m looking for something that is in my godson’s name (we are not related) and it’s easy to understand for his parents. Ideally a savings plan where I can just wire 20.- per month and it get’s automatically invested into VWRL or some other large ETF. Nothing complicated with EUR based accounts or manual decision making.

UBS offers something like that, but it’s not cheap due to the use of their funds, so I was hoping a better alternative exists.

219

I can recommend smartbroker. You can pick many funds, most of the are for free. Amount is flexible, investments from min. 50 EUR per investment. You can set the interval.

EDIT: Has to be in your name, sorry.

220

Hi all,

We started to accumulate something for our little boy (2y). Likely the form of investment is not optimal and that’s why I seek for advices.

At the moment, this is what we (with the contribution of the granparents with gifts) secured for him:

  • 10K EUR, now deposited into a Post Finance Young Account (0.25% interests). This amount can be withdrawn at any time and invested somewhere else;
  • 4K EUR, in a form of BTP (italian postal savings bond). At 18y (2039) he will withdraw c.ca 8K EUR. This amount could be withdrawn, but we do prefer to keep it there (diversification plus other reasons).
  • 1 once of gold. This can be traded with the regular daily selling prices.

In a few months, the family will increase by +1, so we have to start to extend the savings.

I would like to continue investing with the metals, with a regular saving and then purchasing the golden bar (e.g. 20 gr.).
The 10K at PF account, is definetely senseless: I was looking for alternative products on Post FInance, but I could not find anything I could really understand, knowing myself I do rather prefer to get an easy and managable way to handle it.
I do have a Degiro where some shares are parked: would you reccomend some ETF to buy on that platform which I can regularly top-in? Or other alternatives?

Thanks in advance for your kind inputs
Best,
Cappuccio

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221

Maybe also clarify whether the investments need to be linked to EUR (rather than CHF).