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I used 40 years because realistically a 1-year-old is not going to invest $150k to get a return when they're 101. Most likely it'll be like a 30yo investing for
by dataflow 3y ago
I used 40 years because realistically a 1-year-old is not going to invest $150k to get a return when they're 101. Most likely it'll be like a 30yo investing for when they're 70 or something. Anyway, the point of the question was literally to understand whom this is good for. Is this meant for (say) 40-year-olds trying to invest in their children's retirements rather than their own?
- deleted 3y ago[deleted]
- saulpw 3y agoAs per the OP, it's a "Ben Franklin" instrument--he famously left money in his will, not to be used for 200 years, to demonstrate the power of compound interest. So imagine buying $10k of these CDs and leaving them to your alma mater or your children's grandchildren.