Saving for children has always been popular. The traditional method has been to put money into a dep...
Saving for children has always been popular. The traditional method has been to put money into a deposit-based savings account, but with the future demands for money only increasing, equity exposure has to be a serious consideration. The rules that apply to adults are just as relevant to children get the basics right first, then develop the portfolio. Children should get into good habits early and adopting a portfolio approach to their money can teach them valuable lessons for later life. Creating a portfolio for children works on a rising scale of risk and commitment. Start with deposit-...
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