We celebrated my elder son 3rd birthday during the weekend and thought I’d do my usual annual update on his portfolio on his birthday.
As part of the annual exercise, I’d try to top up his equity position by giving him presents in the form of stock shares, which would help him compound over his years of growing up.
Given that Singtel has been dropping recently, I added 300 shares of Singtel on the belief that it presents decent long term value.
He now owns a total of 2 companies, with ST Engineering still forming the majority of his portfolio.
|
No.
|
Counters
|
No. of Shares
|
Market Price (SGD)
|
Total Value (SGD) based on market price
|
Allocation %
|
|
1.
|
ST Engineering
|
3,000
|
3.79
|
11,370.00
|
86.0%
|
|
2.
|
Singtel
|
500
|
3.73
|
1,865.00
|
14.0%
|
|
Total SGD
|
13,235.00
|
100.00%
|
🙂
🙂
Hi B, which trading account are you using to purchase these small qty of shares for your kid?
Hi Anonymous
I am still using my own cdp account though for tracking purpose I separate it out. When he's old enough, I'll open one for him and transfer the shares to him.
Envious! Your son has half of my portfolio worth at 3 while I'm 9x older!
Hi SPR
I don't have much too when I was in my 20s, no worries you're still very young to ride the many years ahead in front 🙂
What account do you open for your child for stocks?
Hi Miss Blank
I am still using my own cdp account though for tracking purpose I separate it out. When he's old enough, I'll open one for him and transfer the shares to him.
Hi there,
Can the shares ownership be transferred under SGX rules?
How do we go about doing that?
And whats the the minimum age to open a CDP account? Is it 18 or 21?