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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (3987)	1/18/2003 11:54:00 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 8273

Well of course I'm joking :o) BUT only in a sense.... My two kids portfolios (RESPs and In trust accounts have routinely outperformed my other investments and of course we all have the same money manager, me ;o) What effectively transpires though; is routinely (about once a month) I sit down with the kids and explain what I'm doing. How their money grows etc. Now of course (bearing in mind now the old do as I say and not as I do thingy) this time spent also reinforces in me the requirement to 'stick' to my rules. The 10 year old is quite effective now at challenging me, (so far so good) in a rational manner and the 3 year old well yes, he just wants to keep all his money (interestingly enough he already 'gets' saving for something big which is a milestone). On balance this has proven for me to be an effective set of checks and balances. I don't want them to have to learn about money the hard way like I did and the majority never seem to do... So in a way he did tell me ;o) On the other hand I tried doing this with my wife and it just didn't work. She'd only want to buy CSB's and I'd never get to retire... regards Kastel