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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

#61

Post by nxor »

kaggie wrote: post #56
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.

In what way are you doing that? Not that I disagree just curious how

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

#62

Post by nxor »

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 used to be encouraged to work hard and to learn. Every day I realize that some kids are not raised with this idea. Why work hard when others can, and you'll get even richer? Learning schmearning

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

#63

Post by roberdam »

Galanwe wrote: post #58
roberdam wrote: post #50

Earlier quoted context omitted.

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.

up to 30k, cover 100% by the central bank

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

#64

Post by yed »

> One thing that school doesn’t teach you (not even high school) is how to manage your personal finances.

Can we stop with this myth? Most states require financial literacy courses to graduate. The reason it feels like it isn't happening is because it's boring and most just don't pay attention or absorb the lessons.

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

#65

Post by barbazoo »

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.

That comment is spot on and in my opinion completely in the spirit of the post. It is all about number go up and competition.

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

#66

Post by nxor »

roberdam wrote: post #24
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.

Or they could work for money when they are old enough to

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

#67

Post by nxor »

ascendantlogic wrote: post #14
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…

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.

Investing isn't bad? Sure we all do it but how isn't it bad?

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

#68

Post by ramses0 »

al_borland wrote: post #11

Am I missing something? When they went to add money, do you go back in and increase the initial investment? Are they actually investing anything? If so, wouldn’t the app for the brokerage do this with real numbers?

I think what he's saying is: Given a balance of $50, they "earn" $5/mo. Given a balance of $200, they "earn" $10/mo (or $199*0.10 + $1*0.05). If they don't spend it, I'm assuming it's "rollover", and if they eat into their capital (eg: buy an xbox) then they feel the sting of earning less-per-month.

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

#69

Post by wara23arish »

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+

stay vigilant Lebanon was granting 12% rates and everything was fine and “covered” by central bank until it wasnt

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

#70

Post by gricha2380 »

yed wrote: post #64

> One thing that school doesn’t teach you (not even high school) is how to manage your personal finances. Can we stop with this myth? Most states require financial literacy courses to graduate. The reason it feels like it isn't happening is because it's boring and most just don't pay attention or absorb the lessons.

Your point is true in the USA, but the author appears to be from Paraguay.
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