A 3 Step Plan For Turning Your Child Into a Saver

If you’re based in Canada and would like your kids to start investing, my recent article in the Globe and Mail might help:

Read My Article


wealthbar special deal for andrew hallam readers

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

You may also like...

2 Responses

  1. Graeme says:

    Hi Andrew,

    I recently opened an RESP through Virtual Brokers for my 5 month old son. Through family contributions, the lucky chap already has $1,000 ready to invest, and it’s possible there will be up to $1,000 invested annually thereafter. My question is this: does the suggested age ratio for bonds to stocks still hold for an infant? ie. Should I solely invest in stocks because he has a lifetime to rebound from the inevitable crashes that will happen, or should I consider starting with a baseline of 10 per cent bonds (or more) and 90 per cent stocks, just to have a buffer if the market goes sideways?

    Regards,

    Graeme

    • Hi Graeme,

      If the money is for his education, I would work up to 40% bonds by the time he is ten, 80% bonds by the time he is 16. But if it’s not for school, consider going full equity.

      Cheers,
      Andrew


  2. no one has more first hand experience helping expat investors

Leave a Reply

For your privacy we strongly recommend you do not use your full real name. While your email address will not be published, it may reveal your photo or a recognizable image if it is associated with gravatar.com. It is strongly suggested you do not use a corporate or ISP email address. Before your comment is published you will receive an email asking you to confirm your email address. Select "Notify me of follow-up comments via email" to receive notifications of replies and be able to adjust your subscription. Published comments will not be deleted.

By clicking "Post Comment" you confirm you have read and agree to the conditions on the Legal Page; including the Privacy Policy, the Cookie Policy, and the Comments Policy.  We reserve the right to not publish comments that do not meet guidelines.