Investment Dos and Don’ts

When I was a child, my big brother always asked me if I wanted to pool my money with his. He would only ask me this, of course, when I had more money than him.  I would save my money; my allowance, and he would spend his.

One day, I decided to do it.  I told him that I would put my money in a jar, along with his. We agreed that we could both use the money, but if you were the one who took it out, you had to pay it back and also had to give the other person a quarter.

This was a crude form of investing.  If I didn’t want to use the money that we both put into the jar, I would still make money on the interest.