The FIRE Belgium Show
How I invest for my sons and nephews (template + demo, so you can too) [037]
Template: https://firebelgium.com/investing-for-kids-template-demo/ If you're saving money for your children, nieces or nephews, where you put that money can make a huge difference over 10 or 20 years. Leaving it in a savings account means letting it die to inflation and losing purchasing power. Investing via bank funds or insurance products means paying excessively high fees (entry and ongoing) and giving up on the majority of the returns! So what can you do instead? In this episode, I show you the simple system I use to invest for multiple children , and let them benefit from full market returns: One low-cost, globally diversified stock-market ETF + one simple spreadsheet to track each child's investment. No complicated investment products.No separate portfolio for every child.No unnecessary high fees. And I've made my Google Spreadsheet template available for you to copy and use for your own kids, nieces or nephews, right away. - Why I don't use traditional savings accounts for long-term investing for kids (disaster no. 1) - What's wrong with many of the investment products offered by Belgian banks (disaster no. 2) - How to invest for multiple children using a single portfolio - How to get broad stock-market exposure while keeping costs low - How I selected the ETF for this strategy - How to track each child's contributions and investment performance - How to turn investing into an educational tool for your children - What to think about before eventually giving the investment to the child - How to use the spreadsheet to create an annual investment statement for each child + EXACT STEP-BY-STEP DEMO for you to use the template and start investing for your kids, optimized for Belgian taxes. You can copy it to your own Google Drive and use it to track investments for up to 10 children . Get the template here: https://firebelgium.com/investing-for-kids-template-demo/ Watch the episode , get the full understanding of how to use the tool and get started. If you're going to invest for your kids for years or decades, keeping the strategy simple, diversified and low-cost matters enormously. In the case of my 7 year old son, investing in this way has made 60% more gains than going with a bank product, for a total of 2766 €. And I want to make sure your kids get the same benefits. This episode reflects my personal approach and is for educational purposes only. It is not individual investment, tax or legal advice. And if you’re new to index investing, then I recommend you watch the free interactive workshop on Index Investing for Beginners in Belgium: create passive income from the stock market, without paying high fees to banks or advisors, taking unnecessary risks or spending all day analyzing the markets. Free Workshop → https://firebelgium.com/investingworkshop --- Download the FIRE Belgium Beginner's Guide to Index Investing: https://bit.ly/FIREBGuide Learn about Financial Independence in Belgium: https://firebelgium.com Subscribe to the newsletter: https://firebelgium.com/#Subscribe Join the community: https://www.facebook.com/groups/FIREBelgium
