Brayden

Right.

Right.

Right.

Yes. My question for you today is how do I convince my teenage son that day trading isn't really a good way to make money? Ooh.

Yes. My question for you today is how do I convince my teenage son that day trading isn't really a good way to make money? Ooh.

Yes. My question for you today is how do I convince my teenage son that day trading isn't really a good way to make money? Ooh.

Yeah. So he, as a kind of a background, he was talking to me recently about Cash App and the stocks in there. And so he actually has $42 in Cash App. And he He's trying to convince me how this is a great idea to make lots of money. And if he had hundreds of dollars, that could turn into thousands.

Yeah. So he, as a kind of a background, he was talking to me recently about Cash App and the stocks in there. And so he actually has $42 in Cash App. And he He's trying to convince me how this is a great idea to make lots of money. And if he had hundreds of dollars, that could turn into thousands.

Yeah. So he, as a kind of a background, he was talking to me recently about Cash App and the stocks in there. And so he actually has $42 in Cash App. And he He's trying to convince me how this is a great idea to make lots of money. And if he had hundreds of dollars, that could turn into thousands.

Good afternoon. Thank you so much for taking my call. Sure. I have a bit of a unique situation, a little different than others. I'm in my late 70s. I'm quasi-retired. And I've amassed an estate a little north of $30 million. Way to go, Ray. Come on now. We have no debt. We have no mortgages. We have no credit card debt. Everything is paid. And we have approximately...

Good afternoon. Thank you so much for taking my call. Sure. I have a bit of a unique situation, a little different than others. I'm in my late 70s. I'm quasi-retired. And I've amassed an estate a little north of $30 million. Way to go, Ray. Come on now. We have no debt. We have no mortgages. We have no credit card debt. Everything is paid. And we have approximately...

Good afternoon. Thank you so much for taking my call. Sure. I have a bit of a unique situation, a little different than others. I'm in my late 70s. I'm quasi-retired. And I've amassed an estate a little north of $30 million. Way to go, Ray. Come on now. We have no debt. We have no mortgages. We have no credit card debt. Everything is paid. And we have approximately...

17 million in cash and equities and the balance in property. My question is that we've set up a very, I think qualified estate plan with competent estate lawyers and the beneficiaries of my estate are approximately a third, a third, a third, my daughter and, um, um, my grandchildren and my wife, um, um,

17 million in cash and equities and the balance in property. My question is that we've set up a very, I think qualified estate plan with competent estate lawyers and the beneficiaries of my estate are approximately a third, a third, a third, my daughter and, um, um, my grandchildren and my wife, um, um,

17 million in cash and equities and the balance in property. My question is that we've set up a very, I think qualified estate plan with competent estate lawyers and the beneficiaries of my estate are approximately a third, a third, a third, my daughter and, um, um, my grandchildren and my wife, um, um,

The monies that are spinning off of our investments are more than my grandkids could legitimately or reasonably spend when they become of age. Right now the estate plan calls for up to $250,000 per annum for my grandchildren. By the way, my grandchildren are six and nine. Okay. So they're going to build a lot of wealth over the next several years.

The monies that are spinning off of our investments are more than my grandkids could legitimately or reasonably spend when they become of age. Right now the estate plan calls for up to $250,000 per annum for my grandchildren. By the way, my grandchildren are six and nine. Okay. So they're going to build a lot of wealth over the next several years.

The monies that are spinning off of our investments are more than my grandkids could legitimately or reasonably spend when they become of age. Right now the estate plan calls for up to $250,000 per annum for my grandchildren. By the way, my grandchildren are six and nine. Okay. So they're going to build a lot of wealth over the next several years.

Um, um, uh, when they're 21, they get a modest amount of money for five years and then at 25 they begin to kick in. My question, the simple one is $250,000 a year too much or too little given the fact that the, um, you know, the growth of the estate will be much larger than that.

Um, um, uh, when they're 21, they get a modest amount of money for five years and then at 25 they begin to kick in. My question, the simple one is $250,000 a year too much or too little given the fact that the, um, you know, the growth of the estate will be much larger than that.