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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

#51

Post by yaky »

Be careful with comparing real-life things and experiences with a (virtual) number on a screen, especially for children.

I used to know an adult who only cared about that number going up, despite making more than a comfortable amount of money. Live with parents, save on rent/mortgage, number goes up faster. Buy cheapest food, take leftovers from work-catered lunches, number goes up faster. Scam your way into being hired for a position you are severely underqualified for, get terminated after three months, keep the salary and sign-on bonus, number goes up. Invest pretty much everything (because there are almost no expenses), compound interest.

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

#53

Post by mlok »

roberdam wrote: post #50
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+

py = Paraguay, for those like me who didn't know

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

#54

Post by floundy »

codedokode wrote: post #36
floundy wrote: post #31

Earlier quoted context omitted.

>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.

It’s been my experience that when people are talking about some future sum of money without specifying real or nominal they are referring to a real sum, based on their current day concept of monetary value.

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

#55

Post by nxor »

M dashes everywhere, bold text everywhere ... what's next, teaching them to over-rely on LLM's? And if we're teaching them about investing, can we also teach them about the ethics of investing? As in, employing a bunch of people to direct the profit of their work into the hands of investors?

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

#56

Post by kaggie »

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…

Okay thank goodness I’m not the only one who finds this incredibly sad. Especially as someone who is trying to make money less important in my life.

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

#57

Post by nxor »

yaky wrote: post #51

Be careful with comparing real-life things and experiences with a (virtual) number on a screen, especially for children. I used to know an adult who only cared about that number going up, despite making more than a comfortable amount of money. Live with parents, save on rent/mortgage, number goes up faster. Buy cheapest food, take leftovers from work-catered lunches, number goes up faster. Scam your way into being hi…

Ahah but green ticker good red ticker bad. What's the problem sir

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

#58

Post by Galanwe »

roberdam wrote: post #50
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+

> 11% is a safe interest rate on my country

11% may be the safest bond you have access to, but that doesn't make it _safe_ in absolute terms.

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

#59

Post by nxor »

pprotas wrote: post #40
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

That's not just crypto :)
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