You can't legally invest in your child's name, and kids can pay a whopping 66% tax on investment income, so you need to tread carefully if you want to invest for their future.
If you had of told me only a few years ago that I would soon be investing in shares, rather than real estate, I might not have believed you, writes Brenda James.
"I decided what I really wanted my life to look like in five years. I wanted to own a house and a car and to have won awards for my craftwork," says Joanna Jones.
Self-directed investors who want to improve their knowledge and skills have many good sources of information to draw on, much of it free. Here are 10 places where you can go for help.
Dee has put aside money for her grandkids but says they are too young to be handed thousands of dollars. Paul Clitheroe advises where to invest in the meantime.
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