EE 234 - Idea Lab - Creating a Baby Buffett - Turning my daughter into a mogul
In the Lab today, I look at the options for starting an 18-year investment fund for my new baby.
The compound effect is the 8th wonder of the world according to Einstein.
Prize Bonds? State Bonds? Cash? Where should her money go so that she turns 18 with a sizeable fund thanks to compounding?
We look at the options and I reveal which option is my current favourite.
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Contact Gary: https://bit.ly/mrgaryfox
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Music by Andrew Applepie