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Bonnar and Jenna

Bonnar and Jenna F&C Investment Trust Prize Podcast

Summary

We chose this question as we are talking from a position of experience, I have been investing from a young age and have reaped the benefits of doing so, though I am in the minority. We think it's important to highlight to young people that investing isn't complicated and is a small initial action that has lasting rewards.

We also believe it's important not to get too caught up in explaining the mechanism of compound interest and how it works year-on-year; simply highlight the financial benefit and put it in context. Many young people won't have the foresight to really have an idea of what their life will be like at retirement age, it's simply too far ahead to appreciate. But you can break it down, like we have done with our example of a 17-year-old, who starts investing, has a career ahead of them and, at 22, decides to increase their monthly deposit for a greater financial gain. We had more content about the potential earnings at various later ages, but simply couldn't fit it all into the 5 minute time frame.

We've never made anything like a podcast before, so we hope you enjoy it and find it a useful approach for teaching young people about the power of investing. Happy listening!

Bonnar and Jenna

Bonnar and Jenna F&C Investment Trust Prize Podcast