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The golden rule here is to go with what you know with, and what you feel comfortable with. I suggest looking at ways of doing the investment for your relatives in the US.

This then introduces another problem of somehow bringing hopefully a large sum of money into Australia at a later date, and this is something about which I have no idea. (Fools ?)

Perhaps include an introduction to The Motley Fool along with the money, and your niece and nephew may just appreciate the money not being in Australia, but instead being invested in the US for 2000-2020.

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