MENU
 Registered users can save articles to their personal articles list. Login here or sign up here
 Registered users can save articles to their personal articles list. Login here or sign up here

How a hedge fund manager teaches his kids about money and banking

Five-year-olds don’t like negative interest rates.

 

Plenty of people pay their kids an allowance to teach them the value of hard work and earning money. But our guest on this week’s Odd Lots podcast takes it to the next level. Toby Nangle is a fund manager at Columbia Threadneedle Investments, who also happens to be fascinated with the question of how money and banking really work.

So rather than just give his kids a typical allowance, he uses their spending money to run monetary experiments. How do children react to higher rates on savings? How do they react to negative interest rates? What are the ramifications of his policies on his own internal household wealth inequality. In this episode, Nangle talks about what he and his kids have learned in the process.

© 2017 Bloomberg

Looking for somebody to help you build wealth?

  • This field is for validation purposes and should be left unchanged.
   No comments so far

To comment, you must be registered and logged in.

LOGIN HERE

Don't have an account?
Sign up here

Latest Currencies

ZAR / USD
ZAR / GBP
ZAR / Euro

MONEYWEB NEWSLETTERS

Subscribe to our mailing list

* indicates required
Moneyweb newsletters

Podcasts

Moneyweb Investor Issue 26

Yes, recession is stifling the economy and dirty politics darkens our discourse, but that is today. There are those who are planning for a better, brighter tomorrow. We talk to Chris van der Merwe, founder of Curro, about how he plans to transform tertiary education for the greater good with his new company, Stadio.

Follow us:

Search Articles:Advanced Search
Click a Company:
server: 172.17.0.2