I'm sure you mean well but I would advise considering waiting for your child to learn to read until ~5-6 years old. Regardless of when children first learn to read, their literacy skills average out by age 8. However, children who wait until 5 or 6 years old tend to be more enthusastic about learning to read (they're very aware it's a skill that most people around them have but they don't, and they want in on the club). Additionally, there are a lot of physical aspects of reading that need to develop -- eyes being able to track across a page, fingers having the fine motors skills to turn pages, etc.

Hands down the best thing you can do for your child's literacy is to regularly read aloud to them, just 15 or 20m a day. There's an amazing book by Jim Trelease, "The Read Aloud Handbook" that I first read in my Early Childhood Education program, I think it's great for parents too. I've heard the 7th edition is the one to go with (: