Guide: how to change the investment track in a kupat gemel lehashka’a (קופת גמל להשקעה) for Hisakhon LeKol Yeled (חיסכון לכל ילד)

On the website’s login screen, enter your ID number and mobile-phone number. The system will send a one-time code to your mobile phone. Enter it in the window that opens and click “Send Me First” or the login button.

On the upper menu bar, click the “My Products” tab. The system will display the family savings portfolio, where you can see the existing Hisakhon LeKol Yeled (חיסכון לכל ילד; Savings for Every Child) funds and their current balances.

On the upper bar, click the “Common Actions” menu and then choose “Transfer Between Investment Tracks.” In the explanation window that opens, read the highlights and click the white button at the bottom: “Perform the Action Online.”

This screen will display the children’s savings accounts. Click the “Enter” button. (Please note: The system allows only one account to be updated at a time, and if you have several children, you will need to repeat the process separately for each one.) Mark the desired account, click “Continue,” and then click “Next” on the following screen to begin filling out the form.

Complete the child’s details in the digital form, including the child’s full name and date of birth. Further down the page, enter your mobile-phone number and email address, and click “Continue.”

This screen will show the list of investment tracks available in the fund. Mark the track to which you want to transfer the money by selecting the circle beside it (for example, a higher-risk child-savings track), and click “Continue.”

Read the form’s terms and click “Continue” on the declarations and approvals screen. On the signature screen, fill in your personal details as parents and sign inside the designated signature box using the computer mouse or a touchscreen. To finish, click “Continue.”

The system will display a preview of the completed form. Carefully make sure that all personal details and the investment track you selected are correct, and click the “Submit” button.

At the end of the process, a confirmation message will appear on the screen confirming that the request was received successfully.

A point to consider: Changing an investment track is a simple and quick technical action, but it requires considerable responsibility. Before transferring the children’s money to a higher-risk track, it is important to understand the meaning of capital-market volatility in depth and not make hasty decisions based only on the high returns of the past year. Understanding the risk level and matching it to the number of years remaining until the child reaches age 18 is the key to proper planning.