qandaQ: What would happen if I did the exact opposite of what you recommend? 

Question: What would happen if I did the exact opposite of what you recommend? 

Answer: You would invest in loaded funds, with high expenses, high turnover and little diversification.  Better yet, you would put all of your money in one company that has a great future because diversification is for dummies.  And you wouldn’t want to start investing early because it’s better to have fun when you’re young and leave the investing until later.  And since you will do the opposite of what I suggest, you will work with a great stockbroker who will let in on some of his firms most exciting investment opportunities.  And here is the best part:  you will encourage your children to follow in your footsteps.  I have one change to recommend.  

You do what you think is right and encourage your children to get a free copy of “First Time Investor:  Grow and Protect Your Money.”  They can get their free copy at paulmerriman.com.  While they are there they can also download, “Get Smart or Get Screwed” and “101 Investment Decisions Guaranteed to Change Your Financial Future.”  By the way, in “101″ you will have the chance to see the impact of doing the exact opposite of what I recommend.  Good Luck!