When I became pregnant with my first child, one thing I always kept in mind was that I had to secure their future as well as their present. And although neither my partner nor I had much income at the time, I started creating an investment portfolio that would allow them to live well.
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When I had my second child, I did exactly the same thing. But I didn't want a portfolio designed for when I died; there's an inheritance for that. I designed the portfolio so they could start enjoying it when they turned 30. By then, they should be independent and have a job, or hopefully even start a family. That's when money is most important.
Of course, their portfolio is diversified across stocks, bonds, and gold. But a couple of years ago, I included cryptocurrencies and other alternative investments that can balance the portfolio.
I don't include any real estate assets because I believe that decision should be theirs alone and not dictate their lives.
