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Portfolio for Kids
Manage episode 359867536 series 2910154
Το περιεχόμενο παρέχεται από το Mike Morton, CFP®, RLP®, ChFC® and Mike Morton. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Mike Morton, CFP®, RLP®, ChFC® and Mike Morton ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
Want to set your kids up for financial success? Well, you should have started 20 years ago. Before you start sputtering and scrambling, know that the next best time to do this is right now.
When time is on your side, you can afford to take on the risk of market volatility in order to reap large rewards (in the form of compounding interest) in the future. Want to know how?
It's as easy as 1,2,3…
- Open an account - You can do this at your current brokerage, via any robo-advisor or even with your own robo-advisor at M1 Finance. Name it “Kids Outer Space Fund” or anything you’d like to remind you it's for the next generation.
- Set up automatic monthly transfers to fund the account in whatever amount you deem appropriate
- Invest 100% of the money in the stock market. There is no specific goal here except to swing for the fences. Use a low cost index fund in the total US stock market or the small cap value. Why? Because historically speaking, over the course of 40 years, the total US Stock Market average return was 10%-11% and the Small Cap Value return was 15%-16%
That’s it. So what are you waiting for? Tune in to hear all the gory details or just go open your account today.
Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/
Are you ready to create your ideal lifestyle? Let’s Connect.
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