Where can I find this 15% annual interest rate?
Become OP's kid.
open to adoptions :P
Show HN: In a single HTML file, an app to encourage my children to invest
151–160 of 448 posts
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#152Earlier quoted context omitted.
Your bank probably has an investment platform, you can just use it, it doesn't matter. My portfolio is 70% XEQT 30% CASH.TO—don't bother with anything else.
Oh, that can be bad advice. It does matter a lot if the bank asks for high fees, which would be the case with all(?) German banks, and I'd be surprised if that's different in Switzerland.
My bank also charges a trade fee which I think is bullshit, but at least it's a major bank. It's like $10 so doesn't matter all that much, not sure how much it would be for Switzerland, but you could just buy the stocks in larger batches if trades are expensive.
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#153Hi, 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.
I bet $10 that it’s vibecoded, and it’s such a dirt simple calculator that perhaps it was even done with a single prompt. The AI just picked react because that’s the most common framework.
That's the first thing I thought when opening it. Sure looks like a "make me an app" response that Claude would output.
I mean nothing wrong with that, I needed a silly calculator thingimabob too yesterday (for some CRC checks on a piece of text) and Claude quickly cooked something up for me.
But I'm not writing blog posts about it, releasing the tool in the wild, and claiming I wrote it. Blegh.
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#154Where can I find this 15% annual interest rate?
sample= 14.5% on local currency,
https://www.bolsadevalores.com.py/nuevas-emisiones/investiga...
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#155I can feel the vibe-coding "vibe" from every vibe-coded websites, somehow.
When 50% of the words are bold you know you're in for a treat
My decade in the making habit of only reading HN comments is finally paying off. Nowadays when I do randomly skim an article it's almost always slop.
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#156Earlier quoted context omitted.
Oh, that can be bad advice. It does matter a lot if the bank asks for high fees, which would be the case with all(?) German banks, and I'd be surprised if that's different in Switzerland.
My bank also charges a trade fee which I think is bullshit, but at least it's a major bank. It's like $10 so doesn't matter all that much, not sure how much it would be for Switzerland, but you could just buy the stocks in larger batches if trades are expensive.
With the amount people usually trade $10 is a huge percentage. When you factor that in with the missed compound interest of that money you usually lose tens of thousands of dollars until retirement, likely more.
There is no need for a big bank here, in Europe. If one of those regulated companies goes bankrupt the etf is still yours and transferable to a different institution.
War in Europe is the remaining risk factor, but if that happens it won't matter anyway.
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#157Earlier quoted context omitted.
That was the idea! I hope it works out that way.
Can they pull money out? I don't see any place to update the balance up or down as the kids want to add money into the piggy bank or withdraw it.
features coming with the next update, meanwhile they can withdraw at any time
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#158Earlier quoted context omitted.
hopefully, “The first national bank of dad” remains solvent.
And can they take loans with negotiated interest rates and lock-in periods? Or invest in more risky products such as derivatives with a corresponding chance to lose all money? So much potential... ;)
First they have to fill in KYC questionnaire and have no risky products if they did not have investing experience.
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#159Earlier quoted context omitted.
Don't know about Switzerland, but most US brokers offer some kind of "target retirement date" fund, which automatically shifts from higher-risk assets to lower-risk as you approach retirement. VFIFX is one from Vanguard, for example. Pick one you like (just ask a coworker what they use, if you pick a big-name brokerage it really doesn't matter which one), shove your extra cash into it regularly, and forget about it.…
Even when it crashes it's like 20% no? It's not actually that big of a deal.
I’m sorry but 20% of a retirement fund is a lot of money.
Re: Show HN: In a single HTML file, an app to encourage my children to invest
#160I had a very similar idea this summer. But my kids are 6 and 8, so I approached it using the video game approach. It's been an absolute smash hit and entirely altered the habits of doing chores in this home. It's been about 3 months and it's still going stronger than ever. The whole thing is a static page, driven by a Google Spreadsheet that Mom and I edit to adjust goals and track progress.
https://ibb.co/RTw5sCDJ https://ibb.co/ycRB8750 https://ibb.co/gLGQ0tKT