I was quite excited to read the first of your articles on investing on behalf of your children/grandchildren as I had just decided I would invest $5000 each for my two grandchildren aged 8 and 9 into shares.
My thoughts on the shares are BHP, BEN and TCL or SYD. What do you think of my choices or do you have any suggestions? My intention would be to reinvest the dividends so that hopefully they will have a nice little nest egg when they reach their 20’s.
A: Congratulations – your grandchildren will one day have much to thank you for!
I think your selections are fine – good variety, hopefully names that will be around in 10 years’ time.
Have a look at my article in the Switzer Super Report today that discusses this very story.
