Hello,
I am thinking about opening a bank account for my 2 years old girl, her piggy bank is full, also her grandparents would like to send some cash from time to time.
Does anybody know of a good option? Otherwise, what I’d like to do is investing this money in a VT-like fund but my broker (IB) has relatively high inactivity fees and (afaik) no real multi-user option to split investments.
The main problem is keeping the funds separate for each child. This can be solved in many ways.
You can
buy a fund similar to VT at your existing broker and keep it apart for her eg VWRL
open an account at another, preferably free broker account like DeGiro and do the same (I have referral codes if you PM me). Use VWRL which is free to buy
Open an Avadis fund plan per child, which has already been mentioned here in the forum. Their funds and higher fees but are less volatile. And you get a tax statement. Very easy
thanks guys, I’ll have a look.
I also need to check the other posts, missed them.
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