Investing for my kids – A Parent’s Story

6 Comments
  • Naro
    Posted at 18:18h, 02 July Reply

    Hi Jon,

    May I ask the investment you make for your children is from you and your spouse’s account or your use the money in your children’s account?

    Cheers,
    Naro

    • Jon
      Posted at 20:17h, 13 July Reply

      Hi Naro, the money is from a joint account between parent and child. Their ang bao money goes in there. (so does my bonus!)

  • Naro
    Posted at 12:07h, 16 July Reply

    Hi Jon,

    Thank for your reply.

    I am asking because I have a joint account with my son and the money inside are his. My wife and I do not contribute to this account on a regular basis.

    My wife and I buy an endowment and life insurance for my son and the premiums are paid by us.

    So, I am wondering whether I should invest my son’s money on his behalf.

    Cheers,
    Naro

    • Jon
      Posted at 04:30h, 17 July Reply

      I understand Naro,

      For all intents and purposes, the money in the joint account are my kids’ too. It is their money and we as parents are merely stewards of it until they come of age.

      I did not hesitate to invest their money because 1. given a time horizon of 20 years, the chances of equities underperforming cash is extremely slim and 2. the price of NOT investing is way too high.

      My kids are insured and we pay their premiums too!

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    […] We like to give a quick shoutout to Jon from BigFatPurse, who inspired us with his ETFs for child idea. You can read his original article here.  […]

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    Posted at 10:21h, 03 March Reply

    […] I also enjoy Jon’s articles on parenting and investing, some of his posts include “Investing for my kids – A Parent’s Story“,  “Getting my kid to sleep” as well as the the most recent “Revelations […]

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