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Instead of parking a sum in $XEON, he would be even more flexible with the overnight interest rates (currently 2.5%) at Traderepublic.
The cash could also be used to save in an ETF such as $VWRL, e.g. with €100 per month.
This way, your son can build up a position over the next few years without losing liquidity.
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@BigMo Zero does not pay interest.
And, as already mentioned, he doesn't want to invest in equity ETFs because of the medium-term risk. Even with a savings rate of €100 per month, he would have less and less financial leeway over the course of his studies. That is precisely what he wants to avoid.

I know it's special, the usual average concepts don't really work. 🤷
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@Epi I think he should rather use the €100 to enjoy life during his studies and then start with a reasonable sum afterwards. Although you don't get much for €100
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@Maddy-0 That's what I mean too. And €100 at that age is a week's camping vacation with friends or a decent farewell party. You shouldn't underestimate that. 👍
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