What happened?
Chinese New Year is here again. This is one of my favourite times of the year because of the reunion with family and friends. For many, this is also a time where they are receiving ang bao from parents, grandparents, and relatives. While each ang bao may seem small, the total often adds up to a meaningful amount each year. We’ve shared often about blue chip stocks, Singapore REITs, T-bills and fixed deposits. That led me to revisit a simple question: how can we help our children’s ang bao money grow steadily over time? In this article, we will explore five practical ways parents can invest their children’s ang bao money, ranging from safer options to those with stronger long-term growth potential, and see how the outcomes may differ over time.
Why children’s ang bao money is different
Ang bao money is usually not meant for immediate spending….