One of the most common questions asked by parents is how to go about investing on behalf of their child. In the very old days, it was a simple as setting up a bank account in the child’s name. Parents and grandparents would contribute as regularly as they can.
Today there are plenty of different options to invest on behalf of children. The best way to invest comes down to you and your child’s personal circumstances, risk profile and personal preferences. Here are some of the ways you can invest on behalf of your children.