My favourite experiment! Even at a hefty 2% fee (Revolut for Europeans charges a little less than that) it still makes sense to keep going!
Discussion
I’ll never spend this wallet, so the fees are a moot point for me, as we still get to see the underlying message play out over time.
I mentioned the fees because this is easily replicable even with fees, making it extremely convenient and attractive. I am thinking do start this journey myself :) despite I do have different DCAs. I still find it as a completely different and much more beautiful approach :)
This would be a great approach for a new nephew or niece. You’ll have to google it for precise data, but they always talk about funding an IRA for the first 10 years (18 to 28 y/o) then never touching it again vs someone older having to max their contributions for 20 years and never getting the same compound interest affects as the earlier adopter.