I would happily have a decade of declines or stagnation on the 10's of 1,000s in the kids account over the next 20 years - they can then invest in their productive earning years in companies trading at p/e's of 10 again.

That's why you hedge with Bogleheads three headed fund. Bonds are strong when the indexes are weak according to them

LFSPA is a cap note, not an index fund. Hence the lower returns, haha.

Not saying it's necessarily the ideal vehicle but anything beats the banks.