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

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

#311

Post by tonyhart7 »

Brendinooo wrote: post #276
graeme wrote: post #266

Earlier quoted context omitted.

If you start investing a small amount at age 17 you can build the habit and increase totals later. Saying "I'll do it later when it is rational" often translates to "I won't do it (for a long time)". Which is not rational

This is true of most money behaviors! My mom taught me the same thing about giving. And even today, knowing way more about personal finance than I did at the start of my working life, I'm still amazed at how blocking out money in the budget astronomically increases your chances that that money actually goes to the thing you want.

"My mom taught me the same thing about giving."

care to share what you learn???

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

#312

Post by nonethewiser »

linsomniac wrote: post #299
nonethewiser wrote: post #241

Earlier quoted context omitted.

That's why you shouldn't leave it up to a kid with very little money who quite literally cannot understand the long term impacts of their decisions to invest or not. Instead, put aside something for them. You can even start well before they are 17.

Naw, dawg, Imma try and try to encourage them to get started early and put a little bit away, because it's good for them. I'm acutely afraid of a scenario where they have bad habits and anything I leave them they flush down the toilet because of those bad habits. I'm hoping to leave them plenty, but they need to be in a position to not waste that for it to be worth anything.

Yeah you can do that. Doesn't prevent you from setting something aside for them and giving it to them if and when there is a good time.

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

#313

Post by nonethewiser »

lukan wrote: post #249
nonethewiser wrote: post #239

Earlier quoted context omitted.

>Investing for retirement at 17 is a bad idea! At 17 you should still be thinking about investing in education Why would you assume they are mutually exclusive? You can just do both.

And poor people just should eat cake, I know.. For real, I believe most 17 year olds on this earth do not have the funds to invest in education AND in a retirement fond, so there are choices to be made. (there are also the choices of creating social bonds and investing into activities together, ...)

Im not claiming everyone can do it. Im saying they are not mutually exclusive. If they were mutually exclusive that would imply no one could do both. For those that have to chose one or the other I agree they should choose education, but thats a subset of cases.

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

#314

Post by [deleted] »

matheusmoreira wrote: post #211
ashleyn wrote: post #201

Earlier quoted context omitted.

Your money has to go somewhere or it will rot to inflation. If you're ultrabearish on stocks, snap up bonds. If you're bearish on stocks and bonds alike, snap up gold. Either way, bare minimum of what to do with your money long term is to preserve its value across inflation. But really I would recommend nonetheless staying the course with investment advice on a stocks/bonds balance relative to your age. Increasingly,…

> Your money has to go somewhere or it will rot to inflation. Inflation is mainly created by this act of "putting your money somewhere". For most people, this "somewhere" means loans. Money is being loaned out to people, spent, deposited back into the bank, and loaned out again, on and on it goes until $1,000 turns into $100,000 in circulation, not a cent of it real until all loans are paid back.

[deleted]

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

#315

Post by aziaziazi »

davsti4 wrote: post #197
freitzzz wrote: post #46

Earlier quoted context omitted.

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.

Agreed - which is disappointing. My firewall shows blocked connections to cdn.tailwindcss.com and unpkg.com

Candid question: why do you block those?

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

#316

Post by pmg102 »

sebastiennight wrote: post #305
pmg102 wrote: post #193

You're giving a 15% growth rate with zero volatility? That isn't going to teach many important lessons. How about offering a range of rates with volatility increasing as rate increases. Then they can think about the benefit of guaranteed return vs the benefit of long-term growth, or a combination of both.

OP: I think introducing volatility (which you can just model with one percentage variable and a sinusoidal multiplier based on this: 100% volatility means if your "real" balance was going to be $100 today, it varies between $0 and $200 ; 10% volatility means you're fluctuating between $90 and $110) is also a good idea in teaching kids to refrain from the impulse of withdrawing the money just because today's daily gai…

The biggest challenge with pensions is convincing people in their 20s to invest in high risk/high return investments. This is usually the right strategy because of the long time horizon of several decades until they will need to crystallise losses/gains.

However if they see their pension balance fall in a big correction, they can panic and move to less volatile investments, thus reducing their long term gains.

You can theorize all you want but the best way to learn to cope with this is for it to happen to you so it would be great to include it in the simulation!

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

#317

Post by neilv »

Galanwe wrote: post #39

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

Where can I get 15% annualized returns, please?

(I'm told to no longer bet on even averaging 7% annually, over decades, on US stock indexes.)

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

#318

Post by joquarky »

bluGill wrote: post #204
linsomniac wrote: post #102

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…

Investing for retirement at 17 is a bad idea! At 17 you should still be thinking about investing in education - the right education investment today will pay back far more than any other monitory investment. There are of course bad education investments, and some are not willing to study even more (or not able to pass a good education course), in that case retirement might be the best investment you can make, but it…

What educational path is safe to invest in right now?

What kind of job will be in high demand in a few years and will remain in demand for at least 20 years?

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

#319

Post by b_e_n_t_o_n »

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.

Why apologize and do it instead of not do it and no apologize?

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

#320

Post by joquarky »

sebastiennight wrote: post #229
bluGill wrote: post #204

Earlier quoted context omitted.

Investing for retirement at 17 is a bad idea! At 17 you should still be thinking about investing in education - the right education investment today will pay back far more than any other monitory investment. There are of course bad education investments, and some are not willing to study even more (or not able to pass a good education course), in that case retirement might be the best investment you can make, but it…

As with many times when we use the word "should" (and you've used it a lot), the perspective you're sharing is deeply influenced by your own cultural background and might not apply to many people reading. A few examples: school loans, considering a house purchase to be a sound investment, purchasing once-in-a-lifetime household items, saving for a wedding (from the age of 17!?) or marriage (not sure what you even mea…

[should, shouldn't, supposed to, never, always]

These are key words to mentally breakpoint on and more carefully consider what is being said.

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