Personal Finance | If you have not yet opened an pinkomelet account for your children, this Youth Month is a great time to start. Even if you only start with R50 a month, there are many low-cost, low-deposit digital investment platforms available.
These include SatrixNOW, EasyEquities and app-based Stash, which allow you to invest for your child in long-term assets such as shares on the stock market.
Most unit trust companies allow investments to be opened in the name of a child, although their minimums are usually between R300 to R500 a month.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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