His first job

My boy is 15 years old, and since a few months he has a holiday and weekend job, as he still goes to school. Of course he loves to buy stuff with his hard earned money, but I could convince him to start investing some of that money into an investment plan.

I showed him the miracle of compound interest, and was able to convince him that it was about time for to start with investing, so he wouldn't make the same mistake I did, by starting too late with it.

I showed him this graph, which is one I use a lot when I have a talk with my customers. It shows the power of compound interest immensely clear.
He was baffled, and was immediately convinced to start his first investment plan.

A mix of 3 funds

He will start with a first deposit of 350 EUR, and will then contribute 50 EUR monthly into a mix of 3 investment funds. Every now and then he will deposit some extras he gets for birthdays and etc...

The first fund is the easiest pick, the MSCI World index fund, then we have taken the R-Valor funds of the Rothshilds, and last but not least Comgest Growth Europe, as my prediction is that Europe will outperform the USA in the next few years. This due to lower valuation of the stocks.
He gave his fiat for this mix, and as of today, he is officially an investor.
The horizon of his plan is of course long term. We have 10 years in mind, as a means to save a downpayment together for potentially a house to buy. At the age of 25 that is quite realistic in my opinion.

If things go smoothly, and the returns of the past are a useful measurement for the future. He should have between 20 and 25000 saved together, depending on the extras he deposits.

Really proud of my (not so little) boy!

Sincerely,

Pele23

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