Choose aggressive investment options for super account

Choosing a superannuation account for your 15-year-old son involves more than just picking a fund. It's crucial to consider the investment options available. As your son starts his first job, he needs to select a super account for his earnings. For this age, major industry funds are generally a suitable choice. The default investment option is usually a balanced fund, but you might want to think about selecting a more aggressive option instead. Since your son won't be able to access this money for many years, opting for a higher-risk investment could lead to greater returns in the long run. While it may feel uncertain at times, he could be grateful for this decision decades from now. Additionally, it's important to keep an eye on fees. Super funds cannot charge more than 3% in total fees for accounts with balances below $6,000, offering some level of security against high costs.