Do investors get older and wiser or just wealthier? What do I know now that I wish I had known when younger? These are topical questions because I have just bought some shares for my baby granddaughter, Cressida.

Without wishing to sound morbid, I might not be around by the time she reaches adulthood and, to be candid, it is even less likely that an 18 year-old will be interested in investment. But I hope that owning a few shares will give darling Cressie a reason to do so and possibly even dig out this digital clipping for six tips on how to make the most of her modest capital.