At school, we learned some basic budgeting and how the progressive income tax system works - which is useless for most people since it's automatically deducted from them. Anything about investing, nope. Hit up youtube (avoid anyone selling courses or hyping a crypto) and find some highly recommended books and read them.
For now, they invest mainly in ETFs and stocks. Crypto is an advanced topic, though I wouldn't be against them putting some of their portfolios into the big two.
So nice that you help them and set them up for a financially better future.
Research shows that most people learn finance education from family. Schools, even those with financial literacy programmes, just aren't so good.
Thats probably why financial smartness is not that evenly spread around the population.
I never learn any thing useful in finance from school.
At school, we learned some basic budgeting and how the progressive income tax system works - which is useless for most people since it's automatically deducted from them. Anything about investing, nope. Hit up youtube (avoid anyone selling courses or hyping a crypto) and find some highly recommended books and read them.
Do you invest in crytpo or stocks with them?
For now, they invest mainly in ETFs and stocks. Crypto is an advanced topic, though I wouldn't be against them putting some of their portfolios into the big two.
Sounds like a good strategy, the most important is to get them started and to learn how it actually works in adult life.
Crypto might come in later on ;)
Would you consider $HIVE and $LEO to be investment vehicles or ?