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South Georgia | Redo that chart at 8% or so, and teach them to invest in low cost index funds. How old are your kids? Have them read The Simple Path To Wealth by JL Collins if they're old enough, and help them to understand that an 8% return doesn't mean it's a constant 8% every year. Some years might be 35%, some may be -35%, but on average they'll make good money over time if they learn not to panic.
Forget the phrase, "buy low and sell high." Instead, "buy low and buy high," and don't even discuss selling.
Adrian | |
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Saving for future
