Only one way to learn is by doing and losing seems to sharpen your skills
I trade daily and also invest long term (2 profiles) the first is harder
than the second.
Research is everything, but nothing if you dont understand the mechanics or
markets (mixture of sentiment, cycles, econmies and the business)
Back to your son, most companies have an investor relations section on their
web sites, and in the case of Sony I am sure plenty of analysis from brokers
etc etc. I am sure he would enjoy talking to the big boys on Wall Street and
I am sure they would entertain him as well. Sounds like he could enjoy this
As the markets stand some would say there is no time like the present, but
if its tips he is after dont follow GAB, we have all seen his portfolio ;-)
Hope he enjoys it
----- Original Message -----
From: "Lisa Dusseault" <firstname.lastname@example.org>
To: <email@example.com>; <IddFam@cs.com>
Cc: "FoRK" <firstname.lastname@example.org>
Sent: Friday, April 20, 2001 3:19 PM
Subject: RE: Sony Stock
> Actually, if you can do this for your kids or relatives kids I advise it.
> One of the coolest presents I ever got was from my grandfather (a
> self-taught businessman): he bought me a small block of shares of
> Canada, when the stock was created for the first time for the Canadian
> market. He thought it was a good buy, but mostly he wanted me to have a
> incentive to learn about stocks and the things you can do with them.
> I did in fact start learning about stocks. I watched the price carefully
> which meant that for the first time I was opening the business section of
> the Globe and Mail or the Waterloo Record. I weathered a few ups and
> When I finally sold the stock it was up 2/3 from when I'd received it, and
> as I recall the sale helped finance something pretty important to me near
> the end of university (but I can't remember if it was my car or my trip to
> > -----Original Message-----
> > From: Gregory Alan Bolcer [mailto:email@example.com]
> > Sent: Thursday, April 19, 2001 4:34 PM
> > To: IddFam@cs.com
> > Cc: FoRK
> > Subject: Re: Sony Stock
> > Hi Connie,
> > I remember you sent along something earlier that I don't
> > remember if I ever responded to or not. The best site
> > to track stocks is using http://stocks.wired.com/ Sony's
> > symbol is SNE and trades on the New York Stock Exchange (NYSE).
> > The best possible way to teach your son about stocks is to have
> > him follow the stock by hand. Buy him 11"x17" chart paper and
> > pencils. Show him how to label the vertical axis using a
> > predicted price range and show him how to label the horizontal
> > access to represent every trading day. Every day in the morning
> > or evening, use the day's newspaper (not online) to record the
> > open, high, low, and
> > close of the stock in addition to the volume. On the graph paper,
> > draw a line between the high and low with an intersecting bar
> > to the left of it for the open price and a intersectin bar to the
> > right for the closing price. There are plenty of online
> > sites that will do the graphing for you, but this will not
> > teach your son trading discipline, won't encourage familiarity
> > with the complexity of the patterns, and won't teach him about
> > the fundamentals of stock movements.
> > In addition, Sony has at regular intervals Annual General
> > Meetings of shareholders (AGMs) and Extraordinary General
> > Meetings of shareholders (EGMs). As a Sony shareholder, you will
> > be asked to participate in votes for particular issues that require
> > stockholder approval. They are an extraordinary source of information
> > for what is happening inside of a company.
> > Believe it or not, my first introduction to the market was with
> > a game called "Wall Street" that ran on my 1981 IBS 8086 machine.
> > It generated random market conditions and allows the player (me) to
> > allocate different levels of funds into oil & gas, currency, precious
> > metals, small cap, med cap, high tech, and several other areas.
> > interesting game. A local company out here in Orange County called
> > Interplay makes a Wall Street Trader 2000 game that I think is related.
> > This is about as close as you can get to understanding how real
> > world markets work. I'd recommend setting him up with a copy as
> > the "game" part makes it more appealing to a 10 year old.
> > As to Sony competitors, they are such a large corporation that
> > you would need to split up into particular markets when identifying
> > competitors. At some levels Sony competes with Microsoft, at others
> > they compete with Intel, and even still others they compete with Dell,
> > Compaq, and others. All this just in the computing & software space.
> > When you start adding in game machines, consumer electronics, handhelds,
> > movie, media, music, and entertainment, there's a whole lot of
> > out there.
> > Anywyas, good luck.
> > Greg
> > IddFam@cs.com wrote:
> > >
> > > Greetings:
> > > I am trying to gather information on Sony stock for my son
> > Seth. He is 10
> > > yrs. old and wants to invest some of his money into Sony stock. I also
> > > wondered if you knew of any age appropriate materials that I
> > could use to
> > > explain about investing to my son.
> > > Thanks,
> > > Connie Iddings
> > > Greetings:
> > > My son who is 10 years-old won a hundred dollar savings
> > bond when he was
> > > five. He now wants to cash it in. I figured he would want to buy some
> > > computer or Playstation games. I was therefore surprised when
> > he said he
> > > wanted to buy Playstation stock. I took this as a great
> > learning opportunity.
> > > Can you send us any information on Sony's recent stock
> > performance and maybe
> > > even some of their major competitors performance records? Also
> > do you know of
> > > any other sources that I can go to, to get information about
> > stocks and the
> > > market that might be closer to his grade-level and easier to
> > understand? Any
> > > other tips for him, would be greatly appreciated.
> > > Sincerely,
> > > Connie Iddings
> > >
> > --
> > Gregory Alan Bolcer | firstname.lastname@example.org | work: 949.833.2800
> > Chief Technology Officer | http://endeavors.com | cell: 714.928.5476
> > Endeavors Technology, Inc. | efax: 603.994.0516 | wap: 949.278.2805
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