The ASX share market could be the best way to set kids up for a positive association with investing.
Shares can be used as a way to teach investing lessons, if they're taught well.
If you're going to invest in shares for your kids it needs to be something that's likely to deliver good returns for at least the next decade.
I think these three shares fit the bill, particularly due to diversification:
Future Generation Global Investment Co Ltd (ASX: FGG)
Future Generation Global is a listed investment company (LIC) that invests in Australian fund managers with an overseas shares focus. Instead of paying management fees or performance fees, the fund managers work for free – allowing Future Generation to donate 1% of its NTA to youth charities focused on mental health. It's good to help your child's peers.
Each underlying fund manager's portfolio is diversified and could be invested anywhere in the world.
I really, really like the philanthropic nature of this LIC.
BetaShares NASDAQ 100 ETF (ASX: NDQ)
Most people reading this will use services of the top NASDAQ businesses every day – Microsoft, Facebook, Amazon, Apple, Alphabet (Google) and Netflix are just some of the names in this index.
They have all generated large returns for shareholders over the past five years and their continuing release of upgraded products could generate large gains for shareholders over the next decade.
There are whole new sectors that could be enormous earners for some of the companies including virtual reality, automated cars and data centres.
Vanguard FTSE Asia Ex Japan Shares Index ETF (ASX: VAE)
Low-cost Vanguard ETFs are great choices to invest for easy long-term investing. Asia is predicted to be the region that's going to create the most economic growth this century. From banks to insurers, telcos to tech businesses – Asian businesses in all sectors have long-term rosy futures
It's hard to say which one particular business will do well, so it could be best just to invest in a huge basket of them. This ETF's top holdings do include the most well-known Asian businesses like Tencent, Alibaba, Samsung and Baidu.
Foolish takeaway
Not only would I be happy to invest in the above shares for my children, I'd be happy to own them for my own portfolio. In-fact they would provide such good diversification, and potentially good returns, that a portfolio of just those three would be perfectly good for the next decade.
