Parents, please use small amounts of money to buy shares of your children's favorite brands.
For example, if your child likes McDonald's, Kellogg's, Nike, Disney, Netflix, Apple, Google, Coca-Cola, Activision Blizzard (well-known for games like Call of Duty, World of Warcraft, and Candy Crush Saga), Electronic Arts(owns Madden NFL ,FIFA, The Sims, Apex Legends, and Battlefield), buy them those shares.
EasyEquities has made it easy for you to transfer your Rands to the US dollar account where you can buy these American companies. For example if you transfer R200 from your ZAR (Rand) account to the US Dollar account, you will only be charged 93 cents and from R200 you will get 12.61 US Dollars. You can use the 12.61 dollars to buy 10 shares at US$1.26 each:
1. McDonald's share price = US$ 253.24
Buy it with US$1.26 and get 0.0047 shares
2. Nike share price = US$ 171.75
Buy it with US$1.26 and get 0.0073 shares
3. Disney share price = US$ 158,89
Buy it with US$1.26 and get 0.0079 shares
4. Netflix share price = US$ 687.50
Buy it with US$1.26 and get 0.0018 shares
5. Apple share price = US$ 151
Buy it with US$1.26 and get 0.01 shares
6. Google share price = US$ 2957.52
Buy it with US$1.26 and get 0.0004 shares
7. Coca-Cola share price = US$ 56.23
Buy it with US$1.26 and get 0.0224 shares
8. Activision Blizzard share price share price = US$ 66.24
Buy it with US$1.26 and get 0.019 shares
9. Electronic Arts share price = US$ 139.58
Buy it with US$1.26 and get 0.009 shares
10. Kellogg's share price = US$ 63.76
Buy it with US$1.26 and get 0.0187 shares
Involve them in the process and let them take ownership of their shares. Let them understand that by buying shares they become proud business owners of those brands. Watch them light up with excitement when they receive dividend payments. Trust me, a light bulb will switch on in their minds, a wealth-building light-bulb.
If you want to start investing for your children or for yourself and need guidance, whatsapp me on 0725862827 to buy a copy of my ebooks (R50) or to book me for an online consultation (R150).
**This is not financial advice