So as a divorced, permanent resident foreign father of a dual nationality 10yo child in Japan what options are available for (i) investment opportunity, and (ii) more importantly investment education.
Has the previously available Junior NiSA scheme been replaced by anything?
Listening recently to foreign podcasts there seem to be (subscription based) financial understanding apps/platforms for kids (think Visa may be one operator). Are there any child friendly Japanese language things out here (“NHK for school” type thing?)
When in the Japanese school system is x^(2), x^(3), x\^ introduced so I can better explain compound interest?
And, finally how much money should a ten year old know he has?
Thanks to deposits from the grandparents, he has around 240,000yen equivalent held in the UK. Another 140,000yen of his I moved into BitCoin some years ago and this share is now worth 200,000. While I’m keen to show him the 60,000 gain that saving/investing (ideally first in more vanilla stock options, not BC!) can achieve, I’m unsure to explain he owns essentially 440,000yen.
I certainly never had anywhere near approaching £2500 at any given time in my account as a child, probably not until leaving Uni and starting work!
My parents were always, and remain, very risk averse so I’m coming to this situation very much on my own.
Any comments, or advice very much welcomed.
by Seasider4374