piworld talks to Edmund Shing about Introducing your kids to investing – Part 1
The first in a series of introducing your kids to investing. Here, Edmund Shing outlines why we should all be interested in investing summarised by The Rule of 72, the number of years required to double your money at a given interest rate. Powerful! Edmund shares his experience of engaging his children in investing and covers some considerations valuable to introduce anyone to investing. Later episodes will cover further steps of the investing journey.
01:01 How many children do you have? And, are interested in investing?
03:00 How did you get them interested? And, how old were they when you started their accounts?
11:48 Why should children or people generally take an interest in investing?
14:45 What attributes does a child or a person need to be able to successfully invest?
16:20 How much money does an individual need to start investing?
17:07 What sort of returns and goals should an early stage investor look to achieve from their investments?
19:06 How do you deal with risk?
22:05 Where should people start?
Edmund on Twitter: @TheIdleInvestor
Edmund Shing has over 25 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris. Since 2015, he has held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London.
Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology. He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.
He is married with four children.