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Where would you put $10k for a young child?
It reads poorly, sorry. I meant, $20K will not get them into property. It was a generic you, not a Luke you. :)- Propertunity
- Post #8
- Forum: Property Investment - Other
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Where would you put $10k for a young child?
Just check out all the scenarios. Putting their money into property may lock them out of any future FHOGs that they may wish to take advantage of. What if someone sues Luke Inc.? Are the children's investments at risk? What are the tax implications? Stamp duty going into the investment may...- Propertunity
- Post #6
- Forum: Property Investment - Other
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Where would you put $10k for a young child?
$10K is not going to get you into property. They don't need the money for at least another 10 years, in the case of the 8 year old. I'd buy 3 - 4 different shares. They will get dividends each year that could be spent on what they want or re-invested.- Propertunity
- Post #2
- Forum: Property Investment - Other