Quick edit and update on my Hongbao problem
Earlier I had written a post on Hongbao for Xmas. That is, the propensity for relatives or friends to give cash gifts to my children. I neglected to mention that we indeed this year did receive $483.87 cents each for my children, from the inlaws, for Xmas. My parents gave I think twenty bucks. On top of the above we received another red envelope from a moderately good friend of $200 each, for CNY. Now I know some of you are probably thinking that the hongbao should be considered a gift for BOTH Xmas and CNY. Fair enough. But $500 each per child? My thinking is to put all this money in a mutual fund or something. Collectively, each child already has several thousand in their accounts. As such, my kids are off to a good start. I remember when I was 17 and self congratulating myself because after bills and everything I had cleared $100 in my account. IF your China Wife is into cash metric comparisons, you will probably lose. Why is that? Because the majority of my