Forward Observer
This year has caught me off guard.
I have told my GrandPups (real grandchildren) how my mother taught me accounting. In the spring of 1955, I was 5; my Mom took me to the store to buy a kite. Decisions, decisions, decisions ~ Title of my high school speech. Back to my point. My mom showed me two kites, one for $0.15 and one for $0.25. The price included string. The box kite looked so much better than the ordinary tail kite. I looked at her and stuck out my hand with $0.15. She smiled, and said, “you can afford the $0.15 kite, but you will have to work two more weeks for the box kite.” Hauling trash in those days did not pay well
But the box kite was cool
Earlier this year, I began journaling TSLA shares to my two GrandPups. Foolishly I assumed the glass ceiling of inheritance taxes was not in my future. How do you teach kids today the shares you gave them under $600 per share have exploded; and oh by the way, when you were not looking, it split by five. They could buy a squadron of kites today.
Both did the math on their own