Starting young makes dollars and sense
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.