Barefoot Investment tips for kids

1. Start investing for your kids as early as possible. Invest $10K+, setup share trading account with adult and minor's name listed. Invest in:
Low income earners (can earn $18,200 before any tax):

• low cost LICs like ARG, AFIC, AFI, etc, select Dividend Reinvestment Plan (DRP)
• ultra low cost index ETFs, select Dividend Reinvestment Plan (DRP)

High income earners:

• investment bonds like Lifeplan's NextGen Investments, Austock Life Imputation bonds, AMP Growth Bonds, etc, if you hold the bond for more than 10 years, it is tax-paid and you pay no CGT on sale

2. Teach kids financial literacy:

Reference:
Zero Fee Accounts:

• https://www.ing.com.au/everyday-banking.html
• https://www.mebank.com.au/banking/everyday-transaction-account/

Low cost Super:

• https://pds.hostplus.com.au/5-how-we-invest-your-money
• https://www.australiansuper.com/investments/your-investment-options/pre-mixed-investment-choice
• https://www.superguide.com.au/boost-your-superannuation/super-performers-top-super-funds-5-years

Term deposit:

• https://www.ing.com.au/savings/term-deposit.html
• https://www.mebank.com.au/term-deposits/

Investment Bonds:

• https://forums.whirlpool.net.au/archive/2551069

ETFs:

• https://www.betashares.com.au/a200/ 0.07% pa - ASX200              
• https://www.vanguardinvestments.com.au/retail/ret/investments/product.html#/fundDetail/etf/portId=8205/assetCode=equity/?overview 0.14% pa - ASX300