FAMILYMUTUALFUNDS.COM

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 (increased to $75/mo and later $100/mo). At the same time, a matching savings account was opened and received identical funding. Performance of the four portfolios and the savings account has been tracked monthly... For 25 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..

Also known as: family mutual funds