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Buying crypto for kids as an early investment

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    #32
    circadian
    Registered Users Posts: 6,967 ✭✭✭circadian


    https://www.boards.ie/discussion/comment/118001400#Comment_118001400

    Aren't ETFs a nightmare for tax reasons here? I was always under the impression they were a pain in the hole to deal with when doing your returns so I've avoided them.


    Some ETFs payout dividends regularly, which you then have to pay tax on. Others accumulate and these are easier to do returns for. You also cannot offset losses onto gains from different ETFs. Honestly, I don't know why you'd suggest ETFs to the OP, while a lot of crypto is speculation (as is the stock markets these ETFs are created from) it's at least a bit easier to get your head around.



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    #33
    dirk_dangler
    Registered Users Posts: 533 ✭✭✭dirk_dangler


    https://www.boards.ie/discussion/2058212469/buying-crypto-for-kids-as-an-early-investment

    This is the saddest post i have read in a long time, why in the name of God would you want to steal your children of their joy and wonderment? Let them blow their communions and Christmas/birthday gifts money on what ever they want, they are children, there will be plenty of time as adults to worry about money, Let them have fun and spent it all on what ever they want, they will only be young and innocent once.



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