It's a scam, albeit a good one

As I have written about many times before, the world's most perfect teenager must save 50% of the money he gets for Christmas presents, birthday presents and other occasions.

For the first years, that money was deposited into the endowment insurance we started for him when he was born. He is not aware of this money.

During the beginning of 2020, we started another endowment insurance that he has access to and can see how the portfolio develops. Pretty soon he was questioning the value of the portfolio, he knew for sure that he had saved more money than the value of the briefcase. It made him lose a little interest in following his portfolio.

To remedy this, we have in recent months deposited the money we normally deposit on the original endowment insurance into the latter. That means his "own" endowment insurance looks like it's on steroids compared to last year. Hopefully this will increase his interest in shares and other investments.