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Pastimes : Children and Investing
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To: PatiBob who wrote (16)11/3/1998 12:10:00 PM
From: Patricia Meaney   of 22
 
PB,

We learned a lesson with him (they say your first child is usually the one you make your mistakes with) that we don't want to repeat with the other two.

It doesn't sound like you made mistakes at all with your 21 yr old - he sounds like a responsible young man to me. You may be approaching your savings plans for your younger ones differently, but you have to remember there is a 15 yr difference here - market changes, etc. When he was your other children's ages, not as many people were invested in equities as they are today.

Also what your doing now with the little ones is great. If you could afford to "cost average" by purchasing every month you keep them invested long term, and when the market takes some dips you're buying more shares at the lower prices.
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