tag:blogger.com,1999:blog-31350666.post1699186697247437164..comments2024-03-12T18:10:53.002+11:00Comments on Enough Wealth: Shifted my son's cash savings into long-term asset allocationenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-31350666.post-70626661572120650002008-12-19T12:09:00.000+11:002008-12-19T12:09:00.000+11:00Thanks for that long reply. I'm thinking about som...Thanks for that long reply. I'm thinking about something similar for my kids. At the moment their money (gifts) is in an ING account in my wife's name so it attracts less tax, but I'm thinking of putting it in a VG Fund (also in my wife's name, for tax purposes). <BR/><BR/>I can't start a Super account for that as they have never been employed.<BR/><BR/>Just on the Vanguard note -- I have been Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31350666.post-70647472394801290252008-12-16T22:27:00.000+11:002008-12-16T22:27:00.000+11:00Angus - the reason I chose the Vanguard High Growt...Angus - the reason I chose the Vanguard High Growth Index Fund is that it's diversified across several asset classes in proportions that I think are pretty close to the "efficient frontier" for an ungeared investment with a risk level suitable to someone with the investment time frame he has (20-60 years). It's asset allocation target percentages will mean that his investment is automatically enoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-67516362823965029642008-12-16T22:05:00.000+11:002008-12-16T22:05:00.000+11:00The account is in my name 'As Trustee for' DS1. Hi...The account is in my name 'As Trustee for' DS1. His tax file number was provided, and the distributions (reinvested) will by declared as income on his tax return. As the amount invested all came out of his bank account that only contains "earned" income (eg. from his paper round), income from the investment of "earned" income is also deemed to be "earned" income (from a child tax point of view). enoughwealth@yahoo.comhttps://www.blogger.com/profile/09371028394685288035noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-75667284147259717352008-12-14T17:07:00.000+11:002008-12-14T17:07:00.000+11:00What are the tax implications of this account?At w...What are the tax implications of this account?<BR/><BR/>At what rate is it taxed and whose name is it in?<BR/><BR/>Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31350666.post-34681704398893907052008-12-08T19:22:00.000+11:002008-12-08T19:22:00.000+11:00You could also try an exchange traded fund that tr...You could also try an exchange traded fund that tracks the ASX's overall progress.Anonymousnoreply@blogger.com