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Family life: an update to shareholders

Two years ago this weekend my wife and I took the most important investment decision of our life and opened up our home to a young girl in local authority care. Ten months later we formally adopted her and permanently added a new member to our family.

As we had a rare child-free weekend, we took time out today to assess the return on our investment.

In the debit column, raising a child is damned expensive at the best of times and our timing was not ideal. She eats us out of house and home and continues to grow out of clothes and shoes at an alarming rate. Our previously peaceful and serene existence is no more! This girl can talk for England and would argue with St Peter on Judgement Day. Personal privacy is a long forgotten memory. Everything in our home life is a bit noisier, a bit messier, and a bit more crowded than before.

But the credit column has already expanded to multiple sheets. We have been privileged to get to know the funniest, kindest, and most genuine young person imaginable and share in her sheer energy and thirst for life. I have a new buddy for cooking, reading, and swimming with; my wife has a companion for shopping and making art. I still remember vividly our first weekend together and buzzing with excitement for the next to come round after I had taken her back to her care home. Two years later, the excitement has scarcely abated and we can't wait to see her grow up into an amazing young woman.

I advise clients on how to invest their pension funds. Success is measured as a percentage return on capital. Sometimes I do particularly well, other times less so. Success usually cancels out failure and the world chugs along unremarkably.

How do we assess return on the considerable amount of financial and human capital we have invested in M? Doesn't fit neatly onto a balance sheet. We have a budding chef or PE teacher im our midst, but I am convinced that the real returns will begin to flow long after we have shuffled off this mortal coil. I love the idea that our profit will be shared and distributed widely.

Your country's GDP may grow at 0.5% this year, or perhaps a giddy 6%. Most of you will not notice because the flow of wealth in most advanced economies is directed towards the richest in society. You will continue to work harder and harder and yet feel ever more dissatisfied.

Make your investment instead in children and young people for unlimited returns that enrich us all. If you can't have children yourself at home, help out with small acts of kindness and support for a neighbour or relative. Pay taxes gladly to support schools and services for the young. It is the best investment you will ever make and we will all be wealthier, healthier, and happier for it!

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MommyLucy · 36-40, F Best Comment
I LOVE CHILDREN WITH ALL MY HEART! ❤‍🔥❤‍🔥❤‍🔥 So I agree 100% completely it is best to invest in children! 😇😇😇 Children are a heavenly blessing and a true treasure that deserve our unconditional compassionate love and our gentlest care! 💖💖💖

Children are the best investments. I am happy to read your posting. Regarding how fast she grows out of clothes? You should make a clothing trading center for her and her friends. Organize it. They can trade and exchange clothes including sports equipment. This could save everyone some money. I know girls are much more expensive than boys are. So nice to hear about your family here. Sunday blessings!
SunshineGirl · 36-40, F
@PoetryNEmotion We have a swap shop for school uniform. Every school should have one. It's awful if clothes get thrown out barely used. She's gone up two shoe sizes since the summer which is painful. Fortunately her sports - gymnastics, judo, swimming - don't require us to purchase much equipment, so that is a silver lining.

But we are fortunate enough not to struggle financially and of course she is worth every penny 🙂
kodiac · 22-25, M
I've been sitting here trying to find à response to your post . As a kid that spent all my childhood in foster care i dreamed about people like you ,prayed for someone like you . Adopted was the holy grail, the light at the end of the tunnel.In my case it never happened. The things you have done for this child are obvious, the love ,the sense of family, security, stability . Some of the most important are not obvious, they are the things you spared her . The longing for love that never came ,the feeling of family that never came . The sleepless nights wondering why nobody wanted her ,the dashed hope every time she got moved from one foster to another. Wondering maybe just maybe this time they will let me stay. It's really hard for me to express how your post affected me . In todays world every day heros are hard to find you and your husband are true heroes..
Musicman · 61-69, MVIP
@kodiac May God watch over and bless you 🙏🙏🙏
SunshineGirl · 36-40, F
@kodiac If I had the resources we would adopt more children. Our daughter was removed from her birth mother at 18 months. She was partly cared for by grandparents, which is why she was never put up for fostering or adoption, then when they suddenly became unable to look after her she was completely on her own and of an age few people are interested in adopting. We knew her for 5 years previous through volunteering at the care home. When the staff gently suggested fostering everything fell in place. And any success is mainly down to her beautiful personality 🤗
kodiac · 22-25, M
@Musicman Thank you 😊
barney1 · M
What a superb post,
So well written, and moving in it's own way,
Enjoy her and all that she brings into your life
meggie · F
You sound wonderful people, and that little girl will always make you proud x
SunshineGirl · 36-40, F
@meggie Thank you 💖
22Michelle · 61-69, T
Well done you. So glad that it is working out so well.
Convivial · 26-30, F
Beautifully said...
Iwillwait · M
Great Post! 🥺
markinkansas · 61-69, M
ya did a good thing
RedBaron · M
Buy Apple, Nvidia, and Berkshire Hathaway.
RedBaron · M
@SunshineGirlSocially responsible investing is a great idea in theory but dubious in practice as it’s basically marketing hype.

1. Judging corporate behavior is tricky. For example, would a company be in or out of your portfolio if it:

- offers its employees excellent wages and benefits but builds military weapons that slaughter Palestinian children?

- is philanthropically generous but sells sugary drinks and salty snacks that are causing an epidemic of obesity and diabetes?

- produces life-saving miracle drugs but sells them at unaffordable prices?

- sells cool electric cars but promotes a plutocracy for the United States?

- sells cheap pillows but supports racists and demagogues?

- lowers consumer prices but does so on the backs of its employees and local communities?

- builds privacy-protecting electronic gadgets but does so in third world sweatshops?

2. As companies' strategy and leadership evolve, you’ll have to regularly re-assess the social responsibility status of your portfolio and that may mean frequent monitoring and trading of your investments.

3. Researching bonds and international stocks is more difficult and expensive.

4. You’ll incur additional fees to maintain this approach.

5. With tight screening requirements, you may end up with a smaller investment universe, lower returns, higher risk, or all of them.

6. With looser screening criteria, you may end up with a portfolio that looks nearly identical to a less costly and more diversified index fund.

There is no evidence that socially responsible investing has any effect on corporate behavior or social change.

Six of the top 10 holdings of Vanguard's Social Index Fund are Alphabet, Amazon, Apple, Meta, Microsoft, and Nvidia. Those stocks also are six of the top 10 holdings of Vanguard's Total Stock Market Index Fund, and five of them are part of my family's modest portfolio.

We should all want to make the world a better place, but your investment portfolio is not the most effective channel. As I said above, it’s a marketing gimmick. There are other ways to express one's conscience and social preferences.
SunshineGirl · 36-40, F
@RedBaron It has nothing to do with my conscience or social preferences. We invest in housing projects that create real jobs, real assets, and add value to communities. Compare this to the pyramid schemes promoted by Trump which create absolutely nothing and benefit only a tiny number of people. It is about making economics work for everyone and generating real growth.
RedBaron · M
@SunshineGirl Nothing wrong with that. But not everyone supports Trump, and different investors have different objectives and strategies.

But listen to yourself. Of course it has to do with your conscience and social preferences, or you wouldn’t feel so strongly about it.

That’s OK, but feel free to be honest with yourself.
Lilnonames · F
that is awesome🌞
Musicman · 61-69, MVIP
Fabulous post. You are truly blessed 🙏

 
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