Investment account for my daughter

[Dutchy]

Hi All

My daughter is turning 18 years old. I want to give her an investment account with 5k euro or CHF on it.
The next years she will not be able to invest a lot, maybe 50 CHF/euro per month. It would be nice to do that in an easy savingplan to world ETF.
Some details:
- we are Dutch, live in Switserland, but my daughter want to move back to Netherlands in a couple of years.
- she has a bank account in the Netherlands with euro’s and a Postfinance account.
- initial deposit 5k
- monthly deposit 50 euro or CHF
- purpose is long term investments (automatically save/invest)


What would be your advice? Which broker?
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[Baptiste Wicht]

Hi
I would say it depends on the level of control she wants. If she's fine with automating with IB, I would go with that. First, start with a US ETF which will be very cheap for such small monthly amounts and then switch to an IE ETF once she moves back to the Netherlands.

Saxo would be nice, but I do not think you can easily transfer to a new country.

Swiss neobanks are not great if you plan to move abroad, and the same for Robo-advisors.

 

[plutonio]

Hi Baptiste,
What is an IE ETF?

 

[Baptiste Wicht]

Hi Baptiste,
What is an IE ETF?

Ireland ETF, sorry. US ETF is domiciled in the US and is ideal for Swiss investors, but not accessible to EU investors. And IE ETFs have is domiciled in Ireland and generally the best for EU investors.