If you want to trade on behalf of your child or open their own account for them, here are some points to consider.
This week, an FM reader asks how to go about setting up a trading account for your child.
As your child grows older, you will have the opportunity to educate them about the importance of investing and instil basic principles while you are overseeing their investment. Ultimately, you would be teaching them to be responsible with money and helping them develop healthy financial habits. And you will have fun learning and growing your wealth together.
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