For all of you who have not decided what gift to get for your kids. Here is one piece of good advice "Giving stocks to children can be a better gift than just toys". Though depending on what you buy, the gift will be a little on the steep side as oppose to a barbie doll or wii. But you have to take on the risk of sounding like a screw up dad. Imagine if I were to tell my kids, "No sweetie, the barbie doll will depreciate with time. So I have gotten you ETF shares, you will learn to love the time value of money. (: " Might work. Because kids are much easier to cajole. But on Valentine, please do not ever try to say...
"No honey, I didn't get you that diamond ring, I have gotten u some ETF shares instead."
No comments:
Post a Comment