I agreed to be the sponsor for several sixth-grade boys who wanted to start an investment club at school. They run it and I am just the certified teacher in the room to monitor them.
During the first meeting, one of them told the audience of three kids (ages 11, 12 and 13):
“So a long-term stock is like a short-term stock, but it’s not short-term. Hence the name.”
Did any of the other boys say “Thanks Captain Obvious” 😂
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There was silence as they mulled that statement over. Lol!
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It’s true … when I was young, “long-term” was something like throwing something away forever – I’d never get it back. And, “short-term” meant I threw it away but if I started doing other things I would forget about it and then suddenly it would return. I still think that way but I’ve learned to deal with it. 🙂
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