All parents want the best for their children.
So do I.
My son was lucky to receive $2,500 worth of Ang Pao money from friends and relatives. As someone who teaches investing, I knew that putting the money in fixed deposits wasn’t the best option. Most of them barely beat the inflation rate over the long run.
While most parents prefer to buy funds or endowment plans because of the convenience and low level of knowledge required to invest, I prefer to grow the money through stock investment.
Stock investment offers one of the highest returns if done properly. I also considered the fact that he was only a few months old and time is his advantage. He can ride out the ups and downs of the market and end up with greater wealth compared to most funds or endowment plans.
So I had a discussion with my wife and ......