How do I invest for a child?

Investing for your child can provide them with a financial head start, helping to secure their future and teach them valuable lessons about money management.

To set up an investment account for your child, you typically need to choose a brokerage or financial institution, decide on the type of account, and complete the necessary paperwork, often requiring your child's identification details.

You can invest in a variety of options for your child, including stocks, bonds, mutual funds, and ETFs, depending on your financial goals and risk tolerance.

When investing for your child, it's important to understand the tax implications, such as potential tax liabilities on investment income and how it might affect your child's tax situation.

You can join InvestSMART's webinar hosted by Tom Wilson, which covers key topics about investing for children, or access the recorded session on their website if you miss it live.

Yes, you can register a question when signing up for the webinar or email your queries to invest@investsmart.com.au to have them addressed during the session.

Yes, a copy of the webinar will be uploaded to the InvestSMART website, and you can also view a PDF of the PowerPoint presentation.

InvestSMART is offering a 50% discount on their Bootcamp for a limited time, providing an opportunity to enhance your investment knowledge.