The target group isn't mustachian investors buying up loads of cards and trying to optimize for the lowest MER, it's grandparents buying one or two for their grand kids birthdays or Christmas presents. The life effects of getting kids interested in saving and investing will far outweigh the slightly higher fee for the convienence of the cards. I say this is actually a fairly badass idea
Quote from: JAYSLOL on November 24, 2015, 07:54:43 AMThe target group isn't mustachian investors buying up loads of cards and trying to optimize for the lowest MER, it's grandparents buying one or two for their grand kids birthdays or Christmas presents. The life effects of getting kids interested in saving and investing will far outweigh the slightly higher fee for the convienence of the cards. I say this is actually a fairly badass ideaThat's a good point. Helping a kid become interested in investing instead of just consuming is probably worth paying a little extra. I guess I've already gotten a little spoiled by Vanguard's fees...
Quote from: Alternatepriorities on November 30, 2015, 03:32:41 PMQuote from: JAYSLOL on November 24, 2015, 07:54:43 AMThe target group isn't mustachian investors buying up loads of cards and trying to optimize for the lowest MER, it's grandparents buying one or two for their grand kids birthdays or Christmas presents. The life effects of getting kids interested in saving and investing will far outweigh the slightly higher fee for the convienence of the cards. I say this is actually a fairly badass ideaThat's a good point. Helping a kid become interested in investing instead of just consuming is probably worth paying a little extra. I guess I've already gotten a little spoiled by Vanguard's fees...Yup! Giving a kid a bond and say that you paid them $100 for it, but that it will be worth ____ when they are 18 is a great moment. The return may not seem like much, but anything that can get them to think of compound interest is money well spent.