Could a child invest enough by age 18 to have enough money at retirement – even if he/she never saved another dime?
Chris Carosa wants children to have a “Child IRA” available from birth – giving the money enough time to compound into $2.2 million dollars before they turn 70.
The minor has to have income, which he admits is difficult for a new born baby. However, Chris offers ways young children can earn a reasonable amount of earned income in which to invest.
Does that sound good to you? It will after you listen to this episode of the Money Tree Investing Podcast.
Today’s episode is sponsored by BUZZ Index
Today’s Guest, Chris Carosa
Chris Carosa is an author, speaker, and entrepreneur on a mission to change the way people think about saving enough money for retirement. You can find more about the Child IRA or Chris at his sites below:
Child IRA website: www.childira.com
Personal website: www.ChrisCarosa.com
For a quick bio of each of our show participants, head on over to our panelists’ page.
About our sponsor, BUZZ Index
Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange-traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large-cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!
Here’s how it works: First, BUZZ targets the most mentioned large-cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.
Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.
Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.