Having kids is a financially straining expense with the outgoing cash flow for raising kids increases with their age. During key milestones period between the age of 17 to 21, the expenses such as birthday parties, buying a car, university starts increasing exponentially. That is the shinning age where our children generally go to colleague or university to pursue their dreams. The answer to the golden question, is to start a financial investment from the day they were born. Simply because there is likelihood of spare cash at their earlier childhood compared to later teenage stage.
There have been a mix signals in the summer of 2017 with North Korea threats, sell-off in US stocks, EU stock rise and fall, UK economy losing ground and Japan stocks gaining momentum. Since July 2017, Virgin portfolio have gain about 5% overall, which is gaining the tech losses from early summer.
It has been difficult trying to own defensive shares for this year (2017) as it is ‘bull’ market with greater than 25 PE ratio for most popular shares on the FTSE. I am not venturing into the US defensive shares because they are too expensive to own at my intended portfolio budget for any dividend reinvestment. -Keep on Reading!
After a short 14 months this VP have grown over 30% compared to ftse250 and DowJones whom have only manage under 20% and ftse100 under 15% growth. We are currently ridding a strong bull market and be able to achieve such a significant growth in such a short period is simply remarkable.
-Keep on reading!