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In a world where financial security is paramount, proactive parents like Queenie Tan and Pablo Bizzini are taking strategic steps to ensure their child's prosperity from day one. Recently, Queenie, a licensed personal finance content creator, and her fiancé Pablo welcomed their daughter Gia into the world on March 19. But their joyous occasion wasn't just about celebrating a new life; it was also about laying the groundwork for Gia's financial independence and success.
Recognising the power of early investments, Queenie and Pablo wasted no time in initiating a financial plan for Gia's future. They kick-started their strategy by investing $1000AUD (£521) in Gia's name as soon as she was born, with plans to continue contributing annually. Additionally, any cash gifts received from friends and family will be channeled into Gia's investment portfolio, providing her with a substantial financial cushion as she grows older.
The couple's investment strategy is not merely about amassing wealth; it's about fostering long-term financial growth and security for their daughter. By estimating an annual return of eight per cent in Gia's investment portfolio, Queenie and Pablo project that by the time she reaches 18, her investment could balloon to $41,000 (£21,399). Looking even further ahead, they anticipate that by the time Gia is 65, her investment could soar to an impressive $1.8 million (£939,499).
But how exactly are Queenie and Pablo achieving such promising growth projections for Gia's investment? Their strategy lies in the careful selection of investment vehicles, specifically exchange-traded funds (ETFs). By diversifying Gia's portfolio with a US ETF (VTS) and a Global ETF (VEU), they aim to capitalise on the historical returns of ETFs, which have ranged from six to 12 per cent per year over the past decade.
Queenie and Pablo's approach to investing for Gia's future exemplifies the power of compound interest and the importance of starting early. By instilling financial literacy and discipline from a young age, they hope to equip Gia with the tools she needs to navigate the complexities of the financial world with confidence and resilience.
However, Queenie is quick to emphasise that investing for the future doesn't require substantial capital or extensive financial knowledge. In fact, anyone can start investing for their child's future with as little as $5 (£2.60) and gradually build their investment over time. It's all about taking that first step and staying committed to a long-term financial plan.
As Queenie and Pablo embark on this journey towards financial prosperity for Gia, they understand the importance of partnering with trusted investment platforms like NexxtGen Invest. Through their partnership with eToro, NexxtGen offers a seamless and user-friendly platform for investors to access a wide range of investment opportunities, while also benefiting from expert insights and support.
Disclaimer: Investing involves risks, and past performance is not indicative of future results. It's important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions. NexxtGen Invest may receive a commission for anyone who joins eToro via our platform.
In an ever-changing world, one thing remains constant: the desire of parents to provide the best possible future for their children. Through prudent financial planning and strategic investments, parents like Queenie and Pablo are paving the way for a brighter tomorrow for the next generation.
Learn more: https://bit.ly/nexxtgeninvest
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