My Unborn Child Is Already Investing
And relying on the well-known compound interest.
Published in
May 23, 2023
As you may have seen, I鈥檓 engaged. Consequently, we already talked about the next step.
I made clear to my future wife that I don鈥檛 want to hinder our kid鈥檚 future, so we will start investing an average of 100$ a month for the next 23 years.
We鈥檒l be using Trading 212, a broker that I鈥檝e been using for 3 years now since I began my investing journey, and we鈥檒l be relying on the well know compound interest to accumulate as much money as possible for our kid.
As you can see, we will do this until they reach 23 years old, so the expected return, on an 8% yearly interest rate, is $73,659.10.
The idea is to guarantee them a head start in adulthood as soon as they leave college.
