iInvest for Kids

It’s all about strong foundations…

You give them so much already. But imagine giving them a gift that would really make a significant financial impact in their life. A gift that would create options like: fund a quality education, provide a deposit for their first home, or enable them to experience travelling overseas. For as little as $2.00* per day in an investment account, you could fund exactly that for your child or grandchild. What a legacy to leave.

More than just the legacy, you will have taught them a valuable lesson in investing wisely; that every penny counts along the way. An investment account is about teaching your child or grandchild that if you take care of the pennies, the pounds will take care of themselves.

*Based on our historical analysis of investing $600 per year in CBA over the period 1997-2015, the portfolio value is approx $44,000.

Investing for Your Child Simplified w/ Georgia Harrison

Georgia explains how making a small change to the way you set aside a few dollars for your child or grandchild, dramatically improves their options when they turn 18. A must see:

 

How does it work?

The iInvest for Kids program follows a few simple steps:

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Account form

We open a share trading account for your child with iInvest. The account application is not very different from opening a bank account for a child. The only difference is that we will assist you in completing it. Once an account is setup, we’ll link it to a bank account where funds can be deposited.

Bank account

We open a Cash Management Account to hold the balance of your weekly (or monthly) deposits. You set up a regular cash transfer into this account (at a value that you can afford and as frequently as suits you). Once the balance of the Cash Account reaches $600 – we buy a parcel of shares (approx. $500 worth of shares plus brokerage). You then continue with your regular savings – repeating the process.

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Stock selection

We ensure you are comfortable with the blue chip stocks we select for the account, and that the stocks have a good dividend yield. We suggest you re-invest the dividends you receive in the stock, so that you are actually building the number of shares in the account along the way. Once your Cash Account reaches the $600 level, again we buy you another parcel of shares.

Bespoke offering

Our offering is a bespoke offering and we will assist you in making a stock selection that you are comfortable with. We will dedicate an experienced Advisor to your account who will keep you updated as to its progress, remind you when your Cash Account balance is sufficient to buy another parcel of shares, and whom you may call at any time.

Historical performance

Below we’ve featured a chart that shows the performance of investing $1,200 annually in Commonwealth Bank shares over an 18 year period (1997-2015), versus investing the same in an every day savings account. At the end of the 18 years, the value of the shares is approximately $85,000*, compared to the value of the bank deposit being approximately $34,500.

Where to from here

Contact us and we can have a brief meeting in our office, or we can come to you. Whatever is easiest for you. If you prefer, you can email us your details and we can pre-fill in the Account forms and send to you with a reply-paid envelope. We’re here to help and make the entire process easy for you.

*The results assume participation in the dividend reinvestment plan over the period of investment, and are gross of any applicable taxes. Past performance is no guarantee of future performance. This information is for general information only, and does not take into account your personal circumstances, investment objectives, financial situation or needs.

– An example of –

The legacy you could leave!

The graph is based on the past performance of CBA shares, assuming an initial investment of $1,200. Also including additional investments of $1,200 made annually.

*The results assume participation in the dividend reinvestment plan over the period of investment, and are gross of any applicable taxes. Past performance is no guarantee of future performance. This information is for general information only, and does not take into account your personal circumstances, investment objectives, financial situation or needs.

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