With ETF savings plans, investors can save for children or grandchildren in the long term.
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Cologne It used to be easy to save for your children or grandchildren. A savings book was given as a gift at birth, and parents or grandparents regularly paid into it up to the child’s 18th birthday. But gone are the days when it was worth saving with interest investments: the interest rates are too low and the costs too high.
Heidi Stürze also noticed that. The 73-year-old grandmother from Saxony-Anhalt regularly saves for her six- and eight-year-old granddaughters: “I would like to support them both financially as they start their own lives.” their grandchildren through a broadly diversified exchange-traded fund (ETF).
Read below about the advantages of investing in the stock market and why an ETF savings plan is particularly useful. You will also learn how to set up a child custody account, which providers are available and what needs to be considered for tax purposes.
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