First rule: start investing as early as possible
Logically, if you start saving early, you have more time to put money aside. With long-term investments, for example in ETF savings plans, you can also benefit from the compound interest effect. This effect can quickly turn your linear return into an exponential curve. Investing is therefore worthwhile even for young people with small amounts if they do not yet have that much money at their disposal. But that doesn’t mean that at some point you’re too old to create capital investments. For older newcomers to investment, it is usually only worthwhile to have different goals and investment horizons than young investors.
Our recommendation: With an ETF savings plan for children like him, for example OSCAR2 offers, you can invest successfully in the long term for your children.
Tip: If you still feel unsure about investing real money, you can try your skills as an investor in a stock market game.