Saving for your child’s foreign education? Invest in US index funds

Thanks to remarkable progress in science and technology, the US has witnessed unprecedented growth in the recent past. It is no surprise that the S&P 500, an index of the top 500 publicly traded US companies is weighted towards prominent American tech giants. Furthermore, looking at the S&P 500 from 2001 to 2020, the average US stock market return for the last 20 years is around 7.45 percent. So, if you invested $100 in the S&P 500 at the beginning of 2000, you would have about $421 at the beginning of…

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