I have $20k to invest for each of my two teens, one is nearly 18 and the other nearly 16.
The intention is for this money to support bigger life milestones rather than everyday spending. Things like a first home deposit, tertiary study, maybe OE/travel. I am less keen for it to go toward a vehicle unless it genuinely makes sense.
The 18 year old has not yet decided what they are doing in 2026 and will likely work full time initially, so the funds could be accessed within the year or two. The 16 year old has longer before needing access.
I am trying to work out the most sensible way to invest this, given the different timelines and the need for flexibility if plans change.
Interested in h
