Welcome to the Family Mutual Funds
Now in the 17th 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 14 years, each of us has 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.
Who is the best investor? Click on the links below.
Present monthly investment policy
Contributions by year (1993 -- 2009)
Rules (including 2004 changes)
Past values (1/93 to 12/31/08)
Bonus results (year 2000 only)
Investing history by family member (no longer current):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?)
Questions or comments? Please send e-mail to fmf1992 @ yahoo.com.
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