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  1. M

    How to give a newborn ~100K for their 18th birthday.

    Hi, I think it has merit in as much as it gives the kid a huge nest egg in their super account when they start work. If invested in something for 65 years then it does have a chance to grow into a monster retirement bank just through compounding. I used to run a video game shop, do not...
  2. M

    How to give a newborn ~100K for their 18th birthday.

    Hi, I like the idea as it does get the co contribution but how would the annual fees of super fund be handled. They may well charge a higher % to manage such a small account. Just thinking my son does have a SMSF so he could probably investigate this, I shall pass it on. We never know when...
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