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An ASX listed company
Being ASX listed means greater transparency for shareholders and customers.
Shares are held in your name
Shares are held in your name, not ours, providing you with full ownership and control over your investments.
Luckily, options like kids investing accounts make it easy. You can invest small amounts in their name, in companies they know (like Disney or Apple), and follow company progression to teach your kids how market movements affect profitability.
This isn’t only a great way to drip-feed knowledge about financial markets, economics, and investing for financial freedom, but it can also give kids a gigantic head start upon turning 18.
For instance, say you take $1000 now and invest in a market-tracking index for the ASX. You then top that investment up with $100 every month.
According to Vanguard research, the S&P/ASX All Ordinaries Total Return Index returned an annual average of 9.2% from 1993 to 2023.
Using that average to calculate returns for today’s five-year-old, this equates to a $47,800 nest egg by their 21st birthday.
* This is general advice only. Please see the disclaimer below.
If relatives ask what to gift your child, suggest transferring any amount to their Selfwealth account knowing it will compound over time.
The ASX requires the first parcel to be a minimum of $500 trade value. Once the minimum marketable parcel is met, subsequent investments into the same security can then be smaller amounts.
Once they turn 18, the shares can be transferred into an account in their name — possibly providing healthy savings!*
* The information contained on this page is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser and/or accountant. Taxation, legal and other matters referred to here are of a general nature only and should not be relied upon in place of appropriate professional advice. You should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. SelfWealth Ltd ABN 52 154 324 428 (“Selfwealth”) (AFSL 421789).