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

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

#31

Post by floundy »

rusty__ wrote: post #17
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…

agreed - he doesn't say the age of the kids but I imagine they're both under 10? Done right this could set them up for life and make them millionaires with virtually no effort by the age of 30 and still give them a childhood filled with toys and fun. But removing birthday gifts entirely from a young child... woah. Kids need physical items and tangible hobbies to share and bond with friends, even if it's just a cool l…

>Done right this could set them up for life and make them millionaires with virtually no effort by the age of 30

This seems hyperbolic. Given that money doubles in roughly 10 years at a 10% rate of return, if kiddos are 10 years old they get two doublings by 30. To be a millionaire by 30 requires a present value investment of $250k per child.

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

#32

Post by brazukadev »

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.

is plain html different from single HTML? Because it is a single HTML that you can "Save as" and have one html with the working app.

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

#33

Post by dbbr »

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.

It's for the lolz. I laughed and upvoted, just imagining my kids someday lecturing me on crypto. Then I thought about creating a bubble for them and then saying to their faces "Annnnnd it's gone."

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

#34

Post by latexr »

mpalmer wrote: post #27
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…

> This is a super reactive take speaking from no experience whatsoever.

You have no idea what my experience is, please don’t assume.

> 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.

I’m glad it worked out for you. Truly. But don’t assume your experience is universal, because I unfortunately know for a fact it’s not. Also, the argument isn’t that it causes unrestrained spending, that’s not what financial dude bros are about. Excessive restraint in spending can also lead to unhappiness and an unhealthy attachment to money.

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

#36

Post by codedokode »

floundy wrote: post #31
rusty__ wrote: post #17

Earlier quoted context omitted.

agreed - he doesn't say the age of the kids but I imagine they're both under 10? Done right this could set them up for life and make them millionaires with virtually no effort by the age of 30 and still give them a childhood filled with toys and fun. But removing birthday gifts entirely from a young child... woah. Kids need physical items and tangible hobbies to share and bond with friends, even if it's just a cool l…

>Done right this could set them up for life and make them millionaires with virtually no effort by the age of 30 This seems hyperbolic. Given that money doubles in roughly 10 years at a 10% rate of return, if kiddos are 10 years old they get two doublings by 30. To be a millionaire by 30 requires a present value investment of $250k per child.

You should take inflation into consideration, so the million in 20 years won't be the same as now.

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

#40

Post by pprotas »

cbeach wrote: post #2

Showing siblings' investment performance side-by-side on a fridge-mounted screen. Author understands child psychology. You can't motivate kids by filling their heads with theory. Instead, make the outcomes of their actions visible to them - then they -motivate themselves- to learn how to improve those outcomes. Add in some friendly peer-competition and you're golden!

I feel like this is a great way to raise a crypto "line-must-go-up" addict
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