Start­ing young makes dol­lars and sense

North & South - - Future Living Promotion -

How best to save for your chil­dren’s ter­tiary ed­u­ca­tion or their first home? Us­ing Craigs In­vest­ment Part­ners’ MYSTART ser­vice, * Mary has been in­vest­ing $ 200 a month for her chil­dren, Tom and Char­lotte, since Tom turned one. By the time Tom is 21 his in­vest­ment will be worth over $ 100,000. If Mary were to de­lay in­vest­ing un­til Tom turned 10, the in­vest­ment when her son reached 21 would be less than half that amount.

The graph is based on a Craigs In­vest­ment Part­ners Bal­anced Port­fo­lio, as­sum­ing an an­nual re­turn of 6%. Con­tri­bu­tions are $ 200 per month paid on the last day of each month. Re­turns are deemed to be be­fore tax and fees. Re­turns have been rounded to the near­est dol­lar.

* Mary’s and her chil­dren’s names have been changed in or­der to main­tain client pri­vacy.

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