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Showing results 1 to 25 of 27
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Posts Made By:
suko
Forum:
Off-Topic
January 11th, 2018, 03:52 AM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
We moved the younger daughter's trading account...
We moved the younger daughter's trading account to Tastyworks in November. She is now 11.
I directed her in making the first trade, which was a UVXY 50d30d put spread. Closed as a winnner.
...
Forum:
Off-Topic
March 19th, 2017, 11:20 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
So we had some heartwarming dinner table...
So we had some heartwarming dinner table conversation the other day.
Daughter: "I traded soybeans and wheat last year now where's my money?"
Me: "You didn't make any money on the beans and...
Forum:
Off-Topic
March 13th, 2017, 05:18 AM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Actually, she has been given the right to draw...
Actually, she has been given the right to draw 20% of her earnings.
I want to hammer home the point that if she leaves that 20% as long as possible the money will grow much bigger.
Forum:
Off-Topic
March 12th, 2017, 01:55 AM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Yes, it's very important. This year we are...
Yes, it's very important.
This year we are working on recordkeeping and learning how to deal with numbers in spreadsheets.
I started working with the younger one in Apple Numbers. She gets it...
Forum:
Off-Topic
June 29th, 2016, 11:07 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Another dinner table conversation. It...
Another dinner table conversation.
It started out as a discussion of realistic expectations for what an entry level worker can spend per month, fresh out of college. I pointed out that the really...
Forum:
Off-Topic
June 24th, 2016, 09:57 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Brexit
Brexit was the subject of dinner table conversation. We usually do not talk current events or politics at dinner, but the older girl is getting a lot of input on these things at school, so it is...
Forum:
Off-Topic
June 22nd, 2016, 11:36 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
They tell the story that in the old days in Osaka...
They tell the story that in the old days in Osaka the merchant families would set a young male child down on the tatami and place a candy in front of him, slightly to the left, an abacus to the...
Forum:
Off-Topic
June 22nd, 2016, 04:52 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
It's taken me a year into this project to realize...
It's taken me a year into this project to realize that understanding compounding is the key.
Forum:
Off-Topic
June 22nd, 2016, 02:05 AM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
My younger daughter has her tenth birthday coming...
My younger daughter has her tenth birthday coming up this week.
This year we decided to get her an Australian Kangaroo silver coin. This is a one ounce coin, and the list price was about 3450...
Forum:
Off-Topic
June 15th, 2016, 12:52 AM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
I do always set the example by picking up...
I do always set the example by picking up pennies, it's a basic matter of morality, I feel.
Forum:
Off-Topic
June 14th, 2016, 10:33 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
No, I think you highlight the confusion that we...
No, I think you highlight the confusion that we all suffer from as money gets virtualized.
Blinking lights on a screen.
This is one of the reasons why I started silver stacking with the kids....
Forum:
Off-Topic
June 14th, 2016, 09:53 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
But I thought in some cases the online game...
But I thought in some cases the online game virtual currency could be traded for the real thing.
I will say this much, when money and currency is gamified to the level of sugary deliciousness of...
Forum:
Off-Topic
June 14th, 2016, 05:39 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Money is energy, and options, and freedom and...
Money is energy, and options, and freedom and creativity.
Gasoline for the tank.
That's the kind of positive view I am trying to encourage.
Rather than the deepset cultural message in this...
Forum:
Off-Topic
June 13th, 2016, 05:16 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
I also did a lot of hard labor as a teenager on...
I also did a lot of hard labor as a teenager on farms, $20 a day. Happy to get it.
Later on, after I finished college I ended up doing construction again -- painting, cabinetmaking, carpentry and...
Forum:
Off-Topic
June 10th, 2016, 10:20 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Thanks, that gives me some ideas.
Thanks, that gives me some ideas.
Forum:
Off-Topic
June 10th, 2016, 12:11 AM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
We have been reviewing the results of trading the...
We have been reviewing the results of trading the first year in the kids accounts.
In the process I discovered that they do not understand the concept of compounding returns.
Somehow this gets...
Forum:
Off-Topic
June 4th, 2016, 07:55 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
My Kids Money Project has been running for about...
My Kids Money Project has been running for about a year. I am now shopping for the second silver coin to be presented to the younger as a birthday present. Maybe a Panda this time.
The kids'...
Forum:
Off-Topic
September 9th, 2015, 09:31 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
https://nexusfi.com/attachment.php?attachmentid=19...
https://nexusfi.com/attachment.php?attachmentid=192508
We did very well trading the vol products during July and August, deftly avoided the crash then went long. The teaching strategy is just...
Forum:
Off-Topic
June 21st, 2015, 07:24 AM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Progress on the teaching kids about money...
Progress on the teaching kids about money project. Both kids now have bank accounts and brokerage accounts, which have been funded with a couple thousand dollars. We are using the SBI platform, which...
Forum:
Off-Topic
February 28th, 2015, 08:25 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
How's AAPL doing?
I have my my life goals organized and tracked on an Excel spread sheet. Spending time with the kids is #1 priority. My wife usually monopolizes them, but yesterday I got a few good hours in with my...
Forum:
Off-Topic
February 24th, 2015, 09:26 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
At the risk of violating the "off topic" rule of...
At the risk of violating the "off topic" rule of this forum:
From the Wikipedia Tulipmania story, the price of the underlying tulip bulb was not as volatile as we think. The shocking volatility...
Forum:
Off-Topic
February 22nd, 2015, 07:09 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Some pretty amazing scenes from the Dutch flower...
Some pretty amazing scenes from the Dutch flower auctions of FloraHolland in this vid:
https://www.youtube.com/watch?v=Slf_XNroXS8
Forum:
Off-Topic
February 22nd, 2015, 06:55 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Sorry, I couldn't parse that. Are you saying...
Sorry, I couldn't parse that.
Are you saying that there is nowadays a tulip bulb futures market in Holland?
It would make sense for there to be one, since they produce 9 billion bulbs per year.
Forum:
Off-Topic
February 22nd, 2015, 04:08 AM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Tulipmania
I have decided to turn the trip by the kids to Holland this spring into a money learning project.
So I am working on a little learning experience for them called "Tulipmania."
Reading up on the...
Forum:
Off-Topic
February 16th, 2015, 08:12 PM
Replies:
41
Teaching my kids about money
Views:
9,107
Posted By
suko
Sermons in stones
We made great sacrifices to send the kids to Montessori school. I am not sure that I drink the Montessori Koolaid in one gulp, but there are certain things about it that are very valuable. One thing...
Showing results 1 to 25 of 27
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