Hi- hoping for a bit of advice on investing an amount into an index fund (VAS) in the hope of growing it over 12 years safely for my son for when he turns 21.
Having 50k in a bank currently is wasting time- I figure the same amount in an index fund would be a far better option. I’d like to be able to match the amount of money my son saves for his first vehicle, plus have a good sized amount to add to a deposit he may have to help with a larger purchase(house or land or business), I’m thinking an something like VAS is a sit and forget type investment which may make a few dollars along the way.
The dividends paid- do they get paid into my Commsec account every 3 months, or how do I access/reinvest them?
I’ve read currently that a .1% fee applies to them- is that if I go through Vanguard- would a few still apply if I were to purchase the shares myself, or once I buy them are they fee free?
Anything else I should know or take into consideration?
