101–110 of 448 posts
Will they also have periods of a bear market and see their money go down ?
hopefully, “The first national bank of dad” remains solvent.
So I say: Good on you.
Somewhat related: I just got my son set up with a custodial account and put his "kid retirement" plan into it, and let him pick a couple stocks to put some money into, and put the majority of it into target retirement and a few stocks and EFTs, so he can get some ideas of how they perform, make it a little fun with picking things he's into, and also follow ups and downs of the market, all of which I think is good education.
Financial literacy is a gift, and absolutely omitted from standard education, which is unfortunate. That said, I don't think knowledge of investment gets you very far if your job pays subsistence wages. I worked for a popular fintech focused on personal investment and their narrative was essentially "financial freedom through investment". I think it's important to understand that even the most sophisticated knowledge…
With my tinfoil hat on, I feel like that is by design.
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.
Earlier quoted context omitted.
My mistake, it's just such a common trope in the US I didn't realize it was a universal complaint. It is true for US incidentally, people generally don't remember it because a) the learning and real world practice are too far removed b) people often are poor with finances regardless of knowledge.
It's not true for the US.
It's apparently now 30 states.
There's an awful lot of negativity here, but as someone who's 55 and has earned a good wage since I was 17, I really wish I had taken investing more seriously from the very beginning. While I knew of compound interest, I really didn't understand it until like a decade ago. If I'd started putting 5% of my money into a target retirement plan from 17, I'd be retired now. As it is I'm not doing badly, but I really wish I…
Financial literacy is a gift, and absolutely omitted from standard education, which is unfortunate. That said, I don't think knowledge of investment gets you very far if your job pays subsistence wages. I worked for a popular fintech focused on personal investment and their narrative was essentially "financial freedom through investment". I think it's important to understand that even the most sophisticated knowledge…
> Financial literacy is a gift, and absolutely omitted from standard education, which is unfortunate. With my tinfoil hat on, I feel like that is by design.
Financial literacy is a gift, and absolutely omitted from standard education, which is unfortunate. That said, I don't think knowledge of investment gets you very far if your job pays subsistence wages. I worked for a popular fintech focused on personal investment and their narrative was essentially "financial freedom through investment". I think it's important to understand that even the most sophisticated knowledge…
> Financial literacy is a gift, and absolutely omitted from standard education, which is unfortunate. With my tinfoil hat on, I feel like that is by design.
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.
Financial literacy is a gift, and absolutely omitted from standard education, which is unfortunate. That said, I don't think knowledge of investment gets you very far if your job pays subsistence wages. I worked for a popular fintech focused on personal investment and their narrative was essentially "financial freedom through investment". I think it's important to understand that even the most sophisticated knowledge…
> Financial literacy is a gift, and absolutely omitted from standard education, which is unfortunate. With my tinfoil hat on, I feel like that is by design.