Australia's largest stock trading and investment forum Australia's #1 stock forum

Setting up an investment for the kids, page-8

First 8 Last

Share
Profile

Follow
jantimot

30,924 Posts.

174

10/12/14

22:23

Post #: 14441770
Share

Originally posted by BigLeon ↑

I'm due to have my first child in March, and looking to start putting money away for when they're 18 (or probably older and more responsible). As far as I can tell there aren't really any good tax-beneficial investments to slowly save? If I start with $5000 and put away $100 a week at 10% (just put it in the index) will be around $300k by the time they're 18... put this in the wife's name for tax purposes as she doesn't work right now.

Is there anything better I can do or is this pretty much the limit of my options?

Expand

Seriously, why?

To an eighteen y/o $300k is a ticket to never work.

We put our kids (two out of three so far) through school. Everything else is up to them.
1 Upvote

Reply

Top Stories

TLG

Talga expands Prospectus Offer to $9M, banks $18.5M overall since end of financial year

I88

Infini rolls on with soil sampling at Portland Creek not long after making possible 'uranium history'

EBR

EBR reaches review milestone for wireless cardiac pacing device

EMR

Emerald expands underground resource by 105Koz at Cambodian gold mine Okvau

HYT

Twiggy Forrest to acquire 40% of native hydrogen explorer – not long after putting Fortescue Future Industries to sleep

There are more pages in this discussion • 1 more message in this thread...

First 8 Last