Daddy! Can I have some seed money for my investment fund?
Gulp. I cast my mind back to when I was his age, a desperate attempt to recollect anything of similar audacity that I'd pulled. Nothing. This one keeps beating me hollow.
"Do you know what seed money is? Or an Investment Fund?"
Seed money is money you use to start a company.
"Good, and an Investment Fund?"
I dunno. I guess I'll use the money to buy stuff I like.
"Ah. That's kinda what they do, but it's slightly more complicated than that. See, an Investment Fund takes money from various people, and buys portions of companies, called shares, on their behalf."
With other people's money?
Was that surprise in his face, or glee? Perhaps it's the innocent mixture of both that works only for the young.
"Yes, and the Fund charges people for investing their money. Is that what you want to do?"
Hmmm. That sounds easier than a real job ...
And off he went. Was that the moment my wannabe-game-programmer turned into a wannabe-Wall-Street-type? One hopes not. One fervently hopes not.
I must buy him that book on programming that he's been asking for.
Gulp. I cast my mind back to when I was his age, a desperate attempt to recollect anything of similar audacity that I'd pulled. Nothing. This one keeps beating me hollow.
"Do you know what seed money is? Or an Investment Fund?"
Seed money is money you use to start a company.
"Good, and an Investment Fund?"
I dunno. I guess I'll use the money to buy stuff I like.
"Ah. That's kinda what they do, but it's slightly more complicated than that. See, an Investment Fund takes money from various people, and buys portions of companies, called shares, on their behalf."
With other people's money?
Was that surprise in his face, or glee? Perhaps it's the innocent mixture of both that works only for the young.
"Yes, and the Fund charges people for investing their money. Is that what you want to do?"
Hmmm. That sounds easier than a real job ...
And off he went. Was that the moment my wannabe-game-programmer turned into a wannabe-Wall-Street-type? One hopes not. One fervently hopes not.
I must buy him that book on programming that he's been asking for.
