What do you do with your children angbao-s money?
The common answer is: I put it in my children’s bank account to safeguard it for them until they turn 21 or 25 years old. YET, we know that it is the WORST thing that you can do for them, because you allowed inflation to ERODE the value of their money!
So, what should you be doing with their angbao money? GROW IT! As parents, we have been through decades of life, witnessing 2-3 world crisis, and yet market always outlive and hit its new high. So, do your children a favor by INVESTING your children angbao money and see it grow meaningfully for them.
By doing so, you are also incalculating the belief of long term regular investing in your children to grow their wealth. Children learn the best by watching their parents. If you want to nurture a financially savvy children, start by learning about financial literacy yourself.
