Welcome to the Family Mutual Funds
Now in the 20th year
The family mutual funds were started with a Christmas gift in 1992. Each of four family members received $250 and a gift of an additional $50.00/mo. The catch? The mother, father, and two daughters (then 12 (E) and 14 (K)) had to select the initial mutual fund and to direct the investment of all future monies received (now $100/mo). At the same time, a matching savings account was opened and has received identical funding. Performance of the four portfolios and the savings account has been tracked monthly.
For over 19 years, each of us directed his or her investments. On May 17, 2002, the value of the mutual funds and the savings account topped $100,000 for the first time. On October 1, 2004, the value of the mutual funds alone first exceeded $100,000. On March 17, 2006, the value of the mutual funds and the savings account exceeded $150,000 for the first time. On May 4, 2007, the value of the mutual funds alone first exceeded $150,000. In October, 2008, the value of the mutual funds dropped dramatically, calling into question the purpose of the family mutual funds.
Effective with a divorce in August, 2010, the funds owned by "Dad" and "Mom" were liquidated and the savings account was reduced to zero. Since then, cash placeholders increasing $100 a month and earning no interest have been substituted. On April 1, 2011, the value of the mutual funds and the savings account topped $200,000 for the first time.
Who is the best investor? Click on the links below.
Present monthly investment policy (updated 2012)
Contributions by year (1993 -- 2012)
Rules (including 2004 changes)
Past values (1/93 to 12/31/11)
Bonus results (year 2000 only)
Investing history by family member (not current):
M's funds (Mom)
K's funds (oldest)
E's funds (youngest)
D's funds (Dad)
Current Values of FMF2 (is dollar cost averaging working?)
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