As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Tuesday, 24 May 2016

Parents And Gifts To Our Children???


As parents, do we bring our unspent money to the coffin?

No. Right?


Should we dispense some of "their" money as gifts to our children and see them enjoying their gifts while we are still alive or wait until we are gone and then let them spend "their" money?

Uncle8888 has budgeted some of "their" money as Gifts for their special occasion like new home and wedding.


How wrong can it be?







5 comments:

  1. Money not spend is not yours. If one can afford to provide some special gifts to children, please do so for the love to children.

    Yes, for my case, I also have some spare money to help my child to pay down payment for their flats.

    ReplyDelete
    Replies
    1. Agreed! It is better to spend our money as gifts when we have budget or spare for them and knowing that we are spending them. How wrong can it be?

      Our money can't disappear on its own. Finally someone will get their hands on our money and spend them.

      Delete
  2. Ha! Ha!
    i have only one child.
    He seems not interested at all now.
    Maybe when he is thinking of setting up a home, perhaps he will show interest then.

    ReplyDelete
    Replies
    1. Default. May be don't need to care at all. ha ha

      Delete
    2. Just make sure dun spend on China women! Many tycoon in my industry have this Chinese mistress problem and now fighting over their fortune with wife and children.

      Delete

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