For those of you who just joined this conversation, this post is a follow up on my previous ones here and here.
Long story short, I shared last week that I have started a POSB Invest Saver Account for my kids. Every month a designated amount of money from a joint account between myself and them will be automatically used to purchase the STI ETF.
I shared that the main aim of the exercise is to expose them to the concept of money and investing principles from a very young age. It is their money and by having an investment account in their name, I am hoping that they take ownership of their finances early.
After I posted the article yesterday, we had a deluge of emails and comments on both bigfatpurse.com and on our facebook page. Some pointed out that the POSBank Invest Saver account is only available ......