Hi, I'm new to the forum. I have a question for Australians, please, re Vanguard.
I have an 18 year old son who is just starting university this year. He will be living at home, working part time and saving for the next three years, a combination of casual shiftwork and army reserve, and saving $200-$300 per week depending on shifts. From reading MMM I think this money should be going into some sort of Vanguard index fund, with dividends reinvested and regular contributions. Which is the best option for him, with a low amount to start with ($1000)? which has the lowest fees?
My 16 year old is also working casual shifts and wants to open an investment account to deposit his earnings. I'd appreciate any advice whether he can open a Vanguard index fund as per the above to make contributions through the year.
Thanks in advance.