My own children (7 and 3 years old) have portfolios at Nordea, which offers the same 1% trading fee in all exchanges available through Nordea. With this fee, it’s effortless to make even small one-time purchases. There are no fees at all for fund subscriptions.
In my own childhood, money matters were hardly discussed, and investments even less so, even though my parents did have fund savings. As a child, I had a small number of KOP (later Merita, then MeritaNordbanken, now Nordea) shares acquired for me by my grandparents. I remember how, as an elementary schooler, I squinted at stock prices in the stock market section published once a week by the local newspaper. It was exciting to follow the updated prices and calculate the amount of Finnish marks with a pocket calculator. There was no internet, online banking, or stock prices updating in real-time before the eyes of the whole nation. Those same shares, by the way, are still in my portfolio.
It’s fun to read in the Saving for a Child thread what kind of acquisitions parents make for their children. Overall, I think saving for a child is absolutely wonderful! And what makes it even better is if parents can discuss investing with their children. Not necessarily considering all the technical details, but in a way that is suitable for each child.
Investing for children seems to be strongly on the rise. And that’s understandable – the deposit interest rates offered by banks are at an all-time low, and there aren’t really any alternatives, at least not at the moment. Risks also decrease when the investment horizon is fundamentally quite long. It will be interesting to see what kind of investment wizards emerge from the next generation, having been involved in the world of investing, as it were, since infancy.