Hi
I'm dad to a 1 year old and we have been saving his allowance and adding to it ourselves since he was born.
This is something we would like to do to help him with his future, whether that's a down payment on a house or education.
Leaving it in a bank is just not going to give the returns we like, compound interest is a beast
I've had a look around but have found little to no information. Or all US / UK based.
I don't know enough about stocks to jump on degiro or Revolut, I'd feel really guilty if I lost his money.
So I'd like to know what my options might be, are there funds ii can buy into like a pension?
And add to it on a monthly basis, add gifts from relatives etc.
Thank you
I'm dad to a 1 year old and we have been saving his allowance and adding to it ourselves since he was born.
This is something we would like to do to help him with his future, whether that's a down payment on a house or education.
Leaving it in a bank is just not going to give the returns we like, compound interest is a beast
I've had a look around but have found little to no information. Or all US / UK based.
I don't know enough about stocks to jump on degiro or Revolut, I'd feel really guilty if I lost his money.
So I'd like to know what my options might be, are there funds ii can buy into like a pension?
And add to it on a monthly basis, add gifts from relatives etc.
Thank you