Getting Your Kids to Set Out and Do It

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The second thing i think is important is normalizing the idea of investing as just one other thing that adults do. So oftentimes what you're trying to do is get your ants to be a little bit more like grasshoppers, says Marsh. They are taking some risk in investing, but it's a moderate risk without developing a gambling problem. The point is to have the account, having it already set up, so that it's not a big chore to go and open and do these things.

In this episode we answer emails from Micah, Steve and Keith. We discuss the limit on the usefulness of Sharpe and Sortino ratios, helping out Steve's daughters with building and managing a portfolio for medium-length goals and what else Uncle Frank says to guide his adult kids with ant brains and grasshopper brains and comparing actual performances with Portfolio Visualizer models.

Links:

Portfolio Visualizer comparison of short term treasuries and gold: Backtest Portfolio Asset Class Allocation (portfoliovisualizer.com)

PHYS ETF particulars: Sprott Physical Gold Trust

Walk For McKenna: Walk4McKenna - Father McKenna Center

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