When my oldest son got 14 I gave him the opportunity to invest 1000 EUR any way he wanted. Invest, not spend, i.e. selecting any kind of investment opportunity with some more or less variable payoff. After at most a year he would then get five times the earnings paid out (5x to increase signal and motivation). I was expecting that he would select some common financial instruments like stocks or bonds or plain savings account but I was open to any halfway reasonable other option. So far he has not made use of the option and I am unsure why. I think he is waiting for the best possible opportunity.
In the meantime, his brother got 14. He researched and after observing some stocks selected S&P 500 and Nasdaq 100 and I added both to my depot at the end of October 2019. Already at the end of December 2019, after frequent monitoring, he chose to take his win of ~60x5=300 EUR—much more than I expected. I decided to keep them in my depot until I got my losses back. You know what happened.
This didn’t exactly go as I expected though not exactly worse. It has led to quite a few interesting discussions and I intend to offer the same to their younger brothers when they get 14.
When my oldest son got 14 I gave him the opportunity to invest 1000 EUR any way he wanted. Invest, not spend, i.e. selecting any kind of investment opportunity with some more or less variable payoff. After at most a year he would then get five times the earnings paid out (5x to increase signal and motivation). I was expecting that he would select some common financial instruments like stocks or bonds or plain savings account but I was open to any halfway reasonable other option. So far he has not made use of the option and I am unsure why. I think he is waiting for the best possible opportunity.
In the meantime, his brother got 14. He researched and after observing some stocks selected S&P 500 and Nasdaq 100 and I added both to my depot at the end of October 2019. Already at the end of December 2019, after frequent monitoring, he chose to take his win of ~60x5=300 EUR—much more than I expected. I decided to keep them in my depot until I got my losses back. You know what happened.
This didn’t exactly go as I expected though not exactly worse. It has led to quite a few interesting discussions and I intend to offer the same to their younger brothers when they get 14.