Monday, February 27, 2012

A Family Tale: When Joe Queenan's Son Bought Apple Stock at Less Than $20

As I look back on things, I think my kid's had it in for me from the start. If my son really loved me, he would have told me to liquidate my dud mutual funds and put my entire 401(k) into Apple back when he was a freshman in high school. If he had, I'd be worth eight hundred million dollars today and living in Tahiti. Instead, he kept all his cunning instincts to himself. He bought Apple for next to nothing without giving me a head's up that the stock was poised to explode. He hung me out to dry. And he cleaned up.

Read all of it here.

2 Comments:

At 2:07 PM, Anonymous CincyCat said...

This article reminded me of my 8 year old daughter. That child has never lost a game of Monopoly with me, and usually ends up a kajillionaire at the end (no, I don't believe in letting kids win). She struggles with completing her 3rd grade math homework, but has an extraordinary 6th sense of when to be aggressive and when to hold back when it comes to making economic decisions.

If she ever tells me to invest in XYZ one day, you'd better believe I'm not going to try and talk her out of it!

 
At 2:35 PM, Blogger Michael Wade said...

CincyCat,

Hmm. Let me know when she makes a stock pick.

Michael

 

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