This is how you make your offspring rich

Save for the kids

Parents can make important financial decisions for their children. How to invest money for the child.

(Photo: IMAGO/Shotshop)

Munich Not only before Easter, but also before Christmas and when the birthday of their offspring is approaching, many parents hear questions from relatives and friends about a suitable gift. The answer that very few parents dare to give is money.

Anyone who doesn’t answer this question misses the opportunity to set the important financial course for their child and to lay the foundation for a financially sound start in life, if not for wealth.

While children used to be born with life insurance or savings contracts, today, after a decade of low interest rates and years of high inflation, parents have to take a different approach.

Investing for children: why shares are worthwhile when saving

The Handelsblatt provides answers to the most important questions about investing for young people. Why there is no way around stocks, how children save when they save and what role the tax office plays in this.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Further

Read on now

Get access to this and every other article in the

Web and in our app — 4 weeks for €1.

Further

source site-14