A question I have been pondering about since my first son was born (and then again when my second son arrived) was and still is … “What kind of legacy do I want to leave for my children?”

When I look at my two boys, who are now 4 and 2, I often think of what kind of world they will grow up in and what it will become for them.  Hopefully, they will have a better world with greater opportunities than I did growing up in my generation. 

As a VALUE investor myself, I often think about the kind of “things” that will retain its value and of course, things that go up in value over time.  I can’t think of anything other than tangible assets like real estate, gold and silver.  So, when I think about my legacy for years and generations to come, I want to pass down something ‘valuable’ to my children that will still be worth its value if not more and then on to my grandchildren and so on.  I want to make sure that what is passed down to them is something they can continue to cultivate its value. 

I feel in developed countries like Canada and USA, the laws are very good in protecting property ownership.  Since God isn’t going to make more land and while people always need a place to live, the law of supply and demand will always apply.  The limited land we have will only become richer and more valuable … so, owning real estate will never go out of style. 

Wouldn’t you want to own a piece of that?  And then, leaving a true legacy for your children, grandchildren, great grandchildren, etc. to remember and ‘value’ for generations after generations to come … well, that’s my legacy …