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Show HN: In a single HTML file, an app to encourage my children to invest

roberdam.com

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Re: Show HN: In a single HTML file, an app to encourage my children to invest

#21

Post by Sammi »

xnx wrote: post #7
internet_points wrote: post #4

is 15% realistic?

No. Since the late 1920s, US stocks have yielded an average real annual return of about 7%.

Source: "Since 1957, the S&P 500 has delivered an average annual return of 10.54%, but when adjusted for inflation, the real return drops to 6.68%."

https://www.investopedia.com/ask/answers/042415/what-average...

And on top of that there's huuuuuuuuge variance over time. You have to scale in and out of the market over a very long time to actually get the ~7%. Any one time investment is just a straight up gamble. It's only in aggregate over a long time that you get something somewhat reliable. But then the numbers aren't that impressive. I understand why people are so fond of buying bigger or second houses instead. It's a shame because it drives up the price of housing making it less available for our young. We're basically saving for our future by robbing the future of our young. It's pretty dark to be honest.

Re: Show HN: In a single HTML file, an app to encourage my children to invest

#24

Post by roberdam »

latexr wrote: post #6

This is frankly depressing. > As my eldest son’s birthday was approaching, we suggested that instead of asking for physical gifts, he ask for their equivalent in money. That way, he gathered a decent amount of capital for his first investment adventure. Yes, why would you want a toy or a book? Why waste time having fun or learning? You could instead watch a number go up slowly while you do nothing. Fun for the whole…

Kids are 7 and 10 , this is a mini "Marshmallow Test" and they can use their money whenever they want if they find a book or toy they like while they learn how investments work.

Re: Show HN: In a single HTML file, an app to encourage my children to invest

#25

Post by brazukadev »

mtrimpe wrote: post #22

[redacted]

That's quite interesting. When do they start to understand that saving is better, if they do? I can imagine kids never wanting to save for later, but also I remember that I enjoyed saving more than spending coins when I was a kid.

Re: Show HN: In a single HTML file, an app to encourage my children to invest

#27

Post by mpalmer »

latexr wrote: post #6

This is frankly depressing. > As my eldest son’s birthday was approaching, we suggested that instead of asking for physical gifts, he ask for their equivalent in money. That way, he gathered a decent amount of capital for his first investment adventure. Yes, why would you want a toy or a book? Why waste time having fun or learning? You could instead watch a number go up slowly while you do nothing. Fun for the whole…

> Why waste time having fun or learning?

yeah definitely no learning happening here

> You could instead watch a number go up slowly while you do nothing.

and then...spend it on something nice?

> This feels like raising finance dude bros and gambling addicts.

This is a super reactive take speaking from no experience whatsoever. My own parents did something like this for us when we were in elementary/middle school and it taught me restraint in spending, not the opposite.

Re: Show HN: In a single HTML file, an app to encourage my children to invest

#28

Post by brazukadev »

ascendantlogic wrote: post #10
cluckindan wrote: post #3

Wait until they want to divest their portfolio and start hyping meme stocks and shitcoins because number go up faster. Then orchestrate an artificial bubble and crash

What's the point of this comment? To discourage investing? Reddit-style shitposting? Not sure what you're going for here.

What is the point of your comment, actually? At least GP is talking about children psychology and is totally on topic. Wanting a faster profit then getting scammed or lose money in a crash market is also part of the learning.

Re: Show HN: In a single HTML file, an app to encourage my children to invest

#29

Post by roberdam »

latexr wrote: post #19
ascendantlogic wrote: post #14

Earlier quoted context omitted.

How is teaching your kids to invest some portion of their money "raising finance due bros and gambling addicts"? Just because modern culture has incentivized these kinds of people doesn't suddenly make investing bad. This is such a wild take.

> How is teaching your kids to invest some portion of their money That’s not what the article says. I explicitly quoted the relevant part. It’s not “a portion of their money”, this is not money they had lying around in an envelope that grandma gave them. This father is incentivising the kids to not get what they want for their birthday and instead ask for money with which they’ll do nothing but unrealistically watch…

Kids are 7 and 10 , this is a mini "Marshmallow Test" and they can use their money whenever they want if they find a book or toy they like while they learn how investments work.

Re: Show HN: In a single HTML file, an app to encourage my children to invest

#30

Post by mpalmer »

freitzzz wrote: post #26

Hi, sorry to be that guys, I just wanted to make some corrections on what you call your app a "plain html file". Your HTML file loads: - react app - pwa manifest - tailwind css This is not at all a "plain html" file.

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