Helena-Reet: So what’s been going on since August? Estella moved out from home, how I am investing her money…

12 Oct, 2022 by Helena-Reet Ennet

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NordenBladet – A brief answer to this heading would be – who could possibly remember all of it anymore, but some events and affairs I try to revive based on the photos that I have taken.

My life circles, similarly with most common people, around four key words, which are my man, children, home, and work (lately precisely in this order), and besides also around keywords that are not so common among common people – time for myself, and investing.

The major event in August for me was that my older daughter Estella Elisheva (16) partly moved out from home – to MUBA dormitory.

Estella was admitted to Tallinn Music and Ballet School MUBA (more on that I wrote HERE) and started her studies on the four year study program with the major in classical violin, in vocational secondary education studies. She will be, so to say, the first set of MUBA alumni. SUPER beautiful and top level school! Estella is sharing the room with two other students.

I would have so much liked to attend school in that fashion that you can go to class in your slippers if you wish. Living in the school building saves so much time that can instead be used for learning and practising. Besides, now she obtains the skills of financial literacy and managing her finances. Three nights she spends at home – from Friday to Monday, and the rest of the time she plans her own schedule. I give her 150 euros monthly for food, her dad Margus adds to that another 100.- and from home she gets a proper food supply when she leaves for school. The extra costs – pocket-money, clothes, events, hobby classes and unexpected costs etc I pay together with Allan separately.

Unbelievable, just lately I did not allow her to go further than the home alley… Just lately she was so small yet so matter-of-fact…

I have been very liberal yet super caring and pampering mother – children were so to say „the kernel and meaning of my life”, until their teenage years – I took children to school from door to door, drove them back home from door to door, warm meals were waiting at home, then I took them to hobby classes, during hobby classes I sat in the car and waited, then we would spend a planned evening at home which largely accommodated „raising their egos”. I have never been counting praise, also I never emphasized children’s grades, because from early on I have told them that all that they do they do for themselves. I believe that such education works, because my kids are quite reasonable (ok, Ivanka Shoshana is a child with special needs, living with autism, sometimes she digresses from the reasonable… but still… give your children freedom to decide, encourage and praise them, and they will be reasonable)…

Estella Elisheva has been super good / an exemplary economizer. She doesn’t make up her costs and spendings and she is good at saving. I really appreciate that! Instead of telling her: „But you have sums in your bank account,” I tell her: „I’ll cover the same sum as what you have saved, you are a good one that you don’t waste money, you are a good one that you honestly discuss your costs with me!”

Besides, I must admit that at her 16 years of age she is a lot wiser than I used to be at the age of 30. She gave me 950.- euros and told me to invest it into shares. The condition was that when I don’t do well and cannot make her money grow, I must return the original sum that she trusted with me for the investments.

Should you be interested, then I took such a conservative position regarding her money, different from my daily tradings that include quite a big risk and are so to say venture transactions. I decided to invest her money in the home market – Nasdaq Baltic stock exchange shares of Tallinn Harbour (TSM1T.TL). Today, the 12th of October the shares are at 1,384 and I am rather convinced that in the long run this is a good investment. Firstly, the shares are well-priced right now, and secondly, it has a favourable history of dividends. If I am proven wrong, then at least we support the Estonian economy.

Hugs, I’ll soon continue with what has been happening meanwhile. 🙂 Love youuu!