Stop ‘playing’ the stock market

Ha! Ha!,
Which kid when in a toy shop will not ask for "everything." We handle that by saying you can see, you can touch, you can play with it but no you can't bring it home. You can perhaps have one of them on your birthday. In this way we let him know you can't have everything in life as and when you like it. We need to work to earn money to pay for something. You will be surprised kids can understand many things you think they can't grasp. Sometimes even a little abstract idea if you demonstrate with practical example, they can. Don't believe? Try it.

I have once exclaimed truthfully : "whoa so expensive!! "( box of wooden puzzles cost 400 plus, a big box thou ) and he says" its ok nvm ... "Sometimes I will ask him where to find money? He says from me, then I say papa goes work OT , earn more money spend less time with u, is that ok? He think and says "Ok!! "Haha kids are fun

I recall having lunch some years ago, with one of my old classmate who is second son of the boss of a listed company that spanned 3 generations.

He was having thoughts about setting up another company. I asked him what advice did his father give him. He replied that his father was against him doing so. Then I asked him whether he invested in shares. He told me that his father told him sternly "Don't ever touch shares! Shares are not for you".
It was only later on that I realised that his father was and still is a very prominent investor with his name appearing on the top 20 list of many different companies.
I googled an interview of the press with his father who around 70years old, which he said that "I've gone past the stage of earning money. The reason I am investing in them is because I see potential in these companies and I am giving them a chance to grow. You may think I buy into every company but it is not true. I only buy them after careful analysis"

Maybe he knows too well that dangers of share investing and wants his sons to steer clear of it.

(18-05-2013, 06:42 PM)Greenrookie Wrote: I have once exclaimed truthfully : "whoa so expensive!! "( box of wooden puzzles cost 400 plus, a big box thou ) and he says" its ok nvm ... "Sometimes I will ask him where to find money? He says from me, then I say papa goes work OT , earn more money spend less time with u, is that ok? He think and says "Ok!! "Haha kids are fun

Yes! i love kids the most when they have not lost their "innocence". They will be: "Kids say the darndest things". Therefore i always have a soft spot for them.

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(18-05-2013, 08:27 PM)paullow Wrote: I recall having lunch some years ago, with one of my old classmate who is second son of the boss of a listed company that spanned 3 generations.

He was having thoughts about setting up another company. I asked him what advice did his father give him. He replied that his father was against him doing so. Then I asked him whether he invested in shares. He told me that his father told him sternly "Don't ever touch shares! Shares are not for you".
It was only later on that I realised that his father was and still is a very prominent investor with his name appearing on the top 20 list of many different companies.
I googled an interview of the press with his father who around 70years old, which he said that "I've gone past the stage of earning money. The reason I am investing in them is because I see potential in these companies and I am giving them a chance to grow. You may think I buy into every company but it is not true. I only buy them after careful analysis"

Maybe he knows too well that dangers of share investing and wants his sons to steer clear of it.

i think most probably your friend's father being the boss of a company that span 3 generations and a prominent investor at the age of 70 years old, therefore knows the the case of "ENRON, WORLD-COM, etc.. is not so far-fetched. If you are not careful,you will buy into one. In fact i had.