Apr

21

I am right now in the process of setting up a 529 plan for my daughter. For those not familiar, it is a college savings plan where the growth of contributions is tax free if applied to education. It is a very good deal. But the main point is that she is 9 months old now, so at earliest this is a 17 year investment, by far the longest I have ever entered. Interesting to think where the developed markets will be in 17 years. All the crises, euphorias, recessions, recoveries, bubbles and busts we will see. But ultimately all those moves will look like rings on an evergreen tree against the backdrop of time. And I also planted a few young spruce trees in the back yard to chronicle the occasion.


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