Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (4286)	7/25/1999 10:28:00 PM
From: Mike Buckley	Respond to of 54805

Frank, I loved it, particularly the part about things to avoid when "helping" adult children. Now I'm trying to figure out if it is possible to help them without doing harm. Send me $10,000 and I'll let you know if it does me any harm. :) --Mike Buckley

To: Uncle Frank who wrote (4286)	7/25/1999 11:05:00 PM
From: Apollo	Read Replies (1) \| Respond to of 54805

OT Millionaire Next Door......I want them to be paws without being miserly; wonder if that is possible? I liked the book as well; I think it is valuable to understand how important savings (and investing) can be, so that one isn't overly focused on revenues. I think it is possible to strike a balance so that one "accumulates wealth" without being obnoxious or miserly; one's accumulation of wealth just may not be "prodigious". Having said that, I heard this morning about a cardiac surgeon acquaintance who buys outdated yogurt for .25, skims off the mold, and eats the rest. Goes to the heart of the issue about extremes, outliers, > 3 standard deviations from the mean, and the expression "my favorite charity is me". stan

To: Uncle Frank who wrote (4286)	7/25/1999 11:20:00 PM
From: chaz	Respond to of 54805

It's very clear...Buckley (next post after yours) doesn't think like the rest of us. His tacks are sharper too. Cracks me up.

To: Uncle Frank who wrote (4286)	7/26/1999 10:29:00 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 54805

Uncle Frank, I haven't read the book yet, but I can only surmise what was said about "helping" adult children. We have loaned our adult children money, made them sign notes and charged interest. I know that sounds absolutely horrible, but my husband and I feel that it's important that our kids (adults) make realistic financial decisions. If "mom & dad" are always there to bail them out of wrong choices, you just perpetuate the behavior. bp