facebookHello, any financial tips for parents of a young child (3yo) and another one on the way this year end? What would be your prorities, and how much do you set aside for your child's future? ? - Seedly

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Anonymous

11 May 2020

Parenting

Hello, any financial tips for parents of a young child (3yo) and another one on the way this year end? What would be your prorities, and how much do you set aside for your child's future? ?

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This is my personal strategy that I learned from a mentor: I would recommend investing 50% in a market portfolio like S&P500 ETF as it historically yields 10% return and has a general upward trend. Another 50% can be other individual stocks that you like and see a potential of 10% return. Diversification is always important. There is no reward for bearing unnecessary risks.

Jason Sing

26 Feb 2020

School Of Hard Knocks And Life at School Of Hard Knocks And Life

Priorities would be to set aside 10% of your monthly income and to invest in REITs and ETFs so that the money could be used in the future for the children's education and daily expenses.

Priority will be to set aside some money every month for your next child's expenses....

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