Best Way To Invest For Your Kids - Make Your Child A Millionaire

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Title	:	Best Way To Invest For Your Kids - Make Your Child A Millionaire
Lasting	:	9.46
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Views	:	26 rb

How about Australia?
Comment from : skeletorrobo

I’m still confused at which account exactly am I opening for my children? Where? I will take any info and recommendations When you search for custodial accounts too many options pop up 😵‍💫🤦‍♀️ Help? 😭
Comment from : EXPRESS INSULATION

Nice video 👍 Can I open a multiple junior SIPP accounts by investing the amount within annual limit? Thanks
Comment from : hema

This information was great just what I needed to make a few decisions
Comment from : John blaze

Is this only good in europe?
Comment from : nothankyi

Thanks for the informative video as always, Ramin At a 005 fee, the VEVE Amundi Prime Global fund looks like a great option for my children AND for me when looking to invest in large and mid-cap stocks across 23 developed countries I noticed that you pointed out the Fidelity Index World Fund (012 fee) in another video Are there any differences to be aware of or should we just go for the lowest fee? Thanks
Comment from : Luke Kennedy Burke

No childrenbrMake yourself a millionaire :)
Comment from : muffemod

there is only one way to really do that buy bitcoin
Comment from : Tyrone Anderson

Hi Ramin, I'm a big fan of your videos and without doubt your videos have made a huge positive impact on our investing I have been looking at the Amuni ETF you mentioned in the vide and justETF seems to say the D class is distributing and the C class is accumulating Which is not what you said in the video Would you be able to clarify which is the accumulating ETF Many thanks
Comment from : zimborob

Hi Ramin this is another great video and certainly challenges me to open JSIPP alongside JISAs As an additional way of ensuring children and grandchildren have significant pension pots in the UK is it the case that if I live past 75 I can pass down whatever is left in my SIPP at death to SIPPs in the names of my designated children /grandchildren outside IHT and without an additional test against my LTA?
Comment from : Eden xxx

liked it sir;
Comment from : Ritesh Aryal

Excellent As alwaysbrbrAndy
Comment from : Andypandy2179

This is one of the most useful videos I have ever watched
Comment from : Craig The Brute

Hi really interesting video I am a little confused regarding compounding - did share prices really rise 52 compounding each year? You don’t add to the initial capital with shares (other than dividends) so I’m not sure how the simple compound interest formula applies in this case?brThanks
Comment from : Gordon Wooster

I had a similar idea With my line of thinking being that I wanted to provide something for a child without disincentivising a good work ethic and spoiling them, which I feared giving them a big sum of money at 18, without even having an opportunity to work by that point, would do And potentially go to waste However, I've heard a counter argument that with the way property prices are going, and it's very hard for first time buyers to get on the market even now, that the next generation might be priced out of the property ladder without some help That even with a deposit, they still need to work hard to pay off the mortgage and save for their retirement What do you make of this?
Comment from : Alex

Well Ramin it's the fourth anniversary since your infamous video on Fundsmith which now stands at 89 return in those 4 years compared to 39 for Vanguards 80 Equity Life Strategy, 33 for 60 and 21 for 20 Life Strategy As I said at the time, time will tell who is right Its now a significant difference in returns over a focus on a low cost fund strategy! Paraphrasing Warren Buffett, its better to buy a good fund at a fair cost than an average fund at a cheap cost
Comment from : pberesford

Screw that spend all the money you make……your children need to learn how to make money on their own
Comment from : Stanley Bean

The whole financial system is rigged for the benefit of top 1 A way forward is to stop feeding the system Stop having kids until you regain control Right now Britain is run like a sheep farm and kid whether born in or outside marriage are state's property Only the state has a right to enjoying kids annual hair cut We see kids are increasingly disowning parents with government's blessings Currently, there is no obligation on children to care for their parents I suggest to the contrary either to enjoy your money whilst you can spend or get out of this honey trap
Comment from : TRA Leyton

How about trying to make the world a better place for the next generation, because there is none of that happening right now
Comment from : shaunsprogress

Thanks
Comment from : hb

Dont you think that a junior isa would be better than a sipp as you can put more money in the account? brAlso the amundi global fubd you mention has a 3 entry and 3 exit fees were you aware of that?
Comment from : MARIOS SARROS

Another fantastic video Ramin, you are a natural educator I have followed you from the beginning, your guidance has been invaluable
Comment from : Linux

Wonderfully explained and enjoyable to watch I recently opened a JSIPP for my son with Fidelity - invested in a low-cost global index tracker fund Really pleased to see you nearly have 100K subs - well deserved
Comment from : Bouncing Back

Haha this is a joke economy is dead soon money will be papers goldwill be the real money everything is at peak each and every thing
Comment from : EVERYTHING

Hi Ramin, I just shared your video on my blog, hope more people will watch it I also wrote R function to calculate the return (using the formula of geometric sequence) for different scenarios (including your example of £105m)
Comment from : 10year

Make your child happy! We have too many miserable and narcissistic millionaires
Comment from : SaraandStuart Shannon

BTC - 1brETH - 5brADA - 1000brbrChild sorted
Comment from : handcrafted30

No crypto? Your kids r ngmi
Comment from : hohenheim

You're a Worester Lad?
Comment from : Musheo Peaus

Hey PensionCraft are you aware of a book called 'The Little Book That Still Beats the Market?' I highly recommend that anyone who has kids or is new to investing buy a copy and read it Life changing perspective on investing
Comment from : House 2 House on Vinyl

My son is 3 years old and I started investing for him when he turned 1 I wanted to do for him what my parents never did for me Thanks for this video Ramin
Comment from : Danielle Pereira

I use iWeb £5 to trade No service fee But there is a setup cost Good for longterm buy and hold
Comment from : stevo728822

This is what they should teach as part of the school curriculum
Comment from : stevo728822

Could you setup a stocks and shares ISA for your child, so you could make a lump sum investment and the money is ready for them when they 25,ready to buy they first home?
Comment from : sometimesuk

Great video I have been giving same advise to same friends long ago Still many people (as per the comments and what i face explaining the compound interest) want the miracle to happen from one day to another so they keep adding cons instead of pros what ifs and what ifs do it if you love your children as the money expended is small thanks to their 'time'
Comment from : Iván García Novais

Done! ☑️
Comment from : M Taylor

Any idea when vanguard may launch a junior SIPP Ramin?
Comment from : Joe B

Good sensationalist title for a video!! Congratulation!!
Comment from : Manu eL

Yes that's right son invest in a compounding Ponzi scheme called the stock market which is endorsed by your responsible government and central bank
Comment from : DrStacker

Thanks, really informative video Really like the idea of all those decades compounding in a junior SIPP Do wonder however about the risk of hitting the Lifetime Allowance and wonder if this gives JISAs an edge here (providing you can persuade your kids from withdrawing too early of course!)
Comment from : Adam Walton

Is this something that you have done for your children?
Comment from : alkerbix

What happens if your kids don’t make it to pension age?
Comment from : Finance, Food and Free time

Is the junior SIPP subject to the tapering / cap above £312k based on the parent's salary?
Comment from : Simon Arabian

Thank you for the useful video!
Comment from : Ganok

Thanks for this information I will start to do it for my kids 👍
Comment from : Luis Piñero

Is that Amundi fund really the best choice given the high percentage of US companies combined with the high withholding tax due to the fund's Luxembourg domicile? Wouldn't you be better off with an Irish domiciled fund like LGGG even though it has slightly higher expenses? Optimally maybe get an Irish domiciled fund for the US portion and Amundi for the rest but that might be too much work to balance
Comment from : Shimi Chen

I have fidelity SIPPs for my children opened recently and this made me look at the ongoing charges and shocked at 093 for WDDIA fund Looking at PIUSA would this be a good alternative or look to see if they offer the Amundi global ETF? Thanks
Comment from : Louise H

Excellent thinking Ramin thank you for the video
Comment from : Dabinder Sandhu

This is a great idea, thanks for sharing the details!
Comment from : Nick Doyle - Achieve Financial Independence

I am thankful that my parents didn't specifically think of my retirement and neither will I for my children I think there is risk they may turn out casual about planning and saving for their own retirements As a parent, my duty is to enable them by giving best upbringing, education and outlook towards life, so they can take their own decisions
Comment from : app dev

thanks for sharing the t rex calc good way to visualise the impact of fees and why over the long run low cost > market beating returns
Comment from : PointOblivionUK

I only wish my parents did this for me! Thanks for the great content
Comment from : Wun Fung Chan

All good until govt changes legislation…again!
Comment from : Income Boost

As a note, if you want to invest in OICS in Fidelity, via eith a JISA or JSIPP trades are free It's only for shares, ETFS and ITs you'll pay the £10
Comment from : Robert Rogers

Really insightful, having a 5 and a 2 year old I was just working with a JISA, now this gives a second option Thanks!
Comment from : Jens Steffen

I disagree that we can’t extend our lifespan Inter alia: healthy eating, taking exercise, avoiding health hazards such as smoking/alcohol and having vaccinations when offered
Comment from : Jason Legg