Finance & Fury Podcast

Welcome to Finance and Fury, The Say What Wednesday Edition This week's question comes from Cameron "One small question we have been pondering. Our parents are gifting a small amount of money monthly to our 1yr old son (their grandchild). Rather than let in mature in a bank account we are interested in some sort of passive asx investment considering this could grow until he was at least 18. Any thoughts or commentary around this would be great to hear!"   Today – Talk about family investing options – either for your kids or if grandparents are wanting to gift money to kids   There are a number of different considerations needing to be taken (mainly whose name the investments should be made in, along with the end purpose of the investments)   First - Funds for your Kids – What is the purpose? Something they can access at 21 to put towards buying house, holding still, etc.   Considerations – Are the funds being invested or not? No – Less to worry about Banks are happy to open accounts in kids names – take m