Get Rich Slow Club 240. How to invest for a newborn
In this episode, Ana and Tash talk through how to invest for a newborn and what to prioritise before getting started, after receiving lots of listener questions on the topic. They walk through the most common investing options for kids, including:
- Investing in your own name, minor accounts, family trusts, and investment bonds, and the tax trade-offs and flexibility of each
- Other options like investing through super, using an offset account, and when micro-investing might make sense
The big takeaway is a reassuring one. Your own finances should come first, there is no single right option, and it is okay to change your approach as your situation evolves.
Use the code 'GRSC' to start investing on Pearler with $20 of free brokerage credits đź’¸
Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/links
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
If you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding.
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