Investing in an S&P 500 stock for a child is predicted to make them rich by their 70s, potentially enabling them to own multiple laundromats or car washes.
"i told them it was a terrible idea because they should just open up the little boy an investment account and if they would just invest in a boring stock like s p 500 by the time the boy is in his 70s he would be quite rich and he could own his own multiple laundromats or car washes"
