I have just under 100man in each kids account just sitting in their yucho for savings.
I’m planning on setting aside 2-3man each month for each child for their future savings, school or whatever they need it for.
Since the Junior Nisa was scrapped, I’ve been holding out for them to reintroduce a similar service but I heard it might not be until 2027.
I’m considering keeping the 100man in checking and opening a new SBI investment stock and creating a monthly transfer of 25,000 directly.
Would it be better to open a new investment account for each child, and do it that way or just keep adding to their regular checking accounts?
What does everyone else do? I don’t want to use my own NISA/investment account and I won’t be putting in over 100man in a year either. I am also not American and my children are half Japanese/European
Should I just hold out for a new NISA? Or is starting earlier better?
by howcanihelp13