Sharing Knowledge in Smallcaps

[bar1080]

Guiding your son's investing is entirely appropriate. No young kid is equipped right off the bat to handle all aspects of investing. I supervise my kids' accounts and run them like one big unified enterprise. I look out for the tax aspects.

For example, If I had a huge holding in one stock (say BRK), I'd discourage my sons from also owning a ton of BRK. I'm absolutely convinced that old investors do better than young investors and there's research suggesting that's the case. Plus I have plenty of time for stocks; my kids have almost no spare time. One kid is getting marred soon. Both sons are very busy and work harder than I ever worked. I do what I can to help.