Buying crypto for kids as an early investment

It's a great idea but not ADA. I don't see it growing a huge deal (I have some so hopefully I'm wrong). So it would just be the interest.

But a better option would be ETH2. Even coinbase will give you 5% for staking and the potential for ETH over the next 2 cycles is great.

I can't believe you actually invested your children's money in crypto? You should have invested it in large cap equities, ETFs, bonds, etc.

Surely a wind up?

Gambling with your kids birthday and Xmas money? Would love to see the updated thread in 5 years when you have to tell them you lost all their money and they haven't got to treat themselves to "plastic toys or electronic gadgets" (which is exactly why they've been gifted this money). Explaining then you were teaching them about "investing" because you thought you were Gordon Gekko should be interesting.

Also, the average return on a decent investment is around 5-6%. If they've very generous aunts and uncles and say there's a pot of €2,000. That's a return of around €100.

Tldr;stick it in one of the an post savings bonds or a decent managed fund if you fancy some risk. Put some or all of their children's allowance in if you can afford it and they'll have some nice savings if/when they head off to college in a few years.

Depends on the OPs risk appetite. This is a handy tool:

They say no more than 1% of your wealth should be in Crypto because its so volatile. So if we're talking of between €2-5k, you're talking €20-50 in Crypto because it is absolutely gambling and speculating. Crypto is a modern gold rush, and like the gold rush some people will strike lucky but for the majority it'll be a stinging life lesson in the end.

500,000 people in Ireland alone own some form of Crypto. They simply all arent going to be rich in 5-10 years.

Yeah it's amusing to still such aversion to it to be honest. I'm not sure about ADA long-term, but BTC is definitely here to stay for at least most of this decade so personally I'd feel grand throwing at least some of my kids' savings into it, if I'd kids. I really just don't feel like it's some bizarre, crazy or stupid idea. Some of those funds would have fees that probably eat into the profits as well, and you're likely stuck with deemed disposal too

And a €1000 investment in Amazon 20 years ago would be worth in excess of €600,000. My point stands.

We'd all be millionaires if investing was done retrospectively. The reason so few make it big is because its a very difficult thing to do. By the time your average joe soap hears about investment opportunities its probably already too late.

The difference being stocks like Amazon have underlying revenue and management structures that add value to their stock price. There is absolutely nothing bar supply and demand keeping Crypto valuable.

Just avoid sh*tcoins and buy & hold coins with a purpose like BTC & ETH using whatever money you have spare. I know nothing about investing yet I'm still up 5000% since 2013. It's not hard to make money in crypto as long as you don't trip yourself up thinking you're Warren Buffett.

Obviously looking forward you're not making a 5000% return with an investment in 2021 but you will likely still make a decent profit if you leave it for a few years.

I know there are guys day trading crypto who think they are geniuses but my return by doing nothing dwarfs what they have made over the years.

That’s the thing though, most won’t do this. They will fomo into high prices, they will panic sell, they will buy scam coins, they will sell a coin because it hasn’t moved in a month and buy a coin that pumped that month, they will listen to media reports that it’s **** and going to zero, and miss great entry points at low prices

This is the saddest post i have read in a long time, why in the name of God would you want to steal your children of their joy and wonderment? Let them blow their communions and Christmas/birthday gifts money on what ever they want, they are children, there will be plenty of time as adults to worry about money, Let them have fun and spent it all on what ever they want, they will only be young and innocent once.