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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

#41

Post by macNchz »

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…

I dunno, while they didn’t tell me to ask for cash, my parents basically made me invest any cash I got as gifts, plus everything I earned at summer jobs. I think that this kind of “investing by default” mindset (plus getting my own desktop computer for Christmas at age 11) extremely significantly impacted my current life in a positive way.

Also, learning to use Excel by playing fantasy stocks during the dot-com bubble, and having a Lycos homepage “Portfolio” widget just like my mom did is a fond memory for me, and zero people on Earth would call me a finance bro today.

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

#42

Post by andrepd »

mpalmer wrote: post #30
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.

[flagged]

It's a valid point lol. "A single html file" for me is a Ciechanowski page, not something that needs many gigabytes of bloat to compile.

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

#44

Post by Esophagus4 »

Sammi wrote: post #21
xnx wrote: post #7

Earlier quoted context omitted.

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…

Yes, the trick with houses is that it’s the only chance most retail can get 5:1 leverage. Your brokerage will never extend that to you to invest in equities.

But without leverage, long run return of residential real estate is like 3% after costs, which is less than equities but above bonds.

At least that’s what I tell myself as I go to sleep in my apartment, a non-homeowner watching people accumulate serious paper gains in their houses ;(

Source: a paper called the real return on everything.

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

#45

Post by pickleglitch »

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…

He's teaching them the most important lesson of living in a capitalist system: wealth comes from having money, not from earning money.

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

#46

Post by freitzzz »

brazukadev wrote: post #32
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.

In my opinion this can't even be labeled as a single HTML file, because it loads external files to complete the app. But back to the question, a "plain html" file doesn't load any external resources and is usually semantically described.

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

#50

Post by roberdam »

Galanwe wrote: post #39

> I act as their investment agent, assigning realistic interest rates Author then proceeds to put 15% annual interest rate...

11% is a safe interest rate on my country (py), I just got a 14.5% offer for local bonds BBB+
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