For your 1 year old, it's not a problem if that $1000 is invested in say an S&P fund In the 1970's when the US had stagflation, S&P inflation adjusted returns

For your 1 year old, it's not a problem if that $1000 is invested in say an S&P fund In the 1970's when the US had stagflation, S&P inflation adjusted returns from ~1968 to 1982. If you bought in 1968 you wouldn't really show gains until the early 1990s. https://www.macrotrends.net/2324/sp-500-historical-chart-data https://www.macrotrends.net/2324/sp-500-historical-chart-dat...