Heres an idea to consider next Christmas, thanks to the Quattrone family. Instead of buying gifts that will be taken back to the store or forgotten in a month or so, they decided last Christmas to pool their gift money together and invest it with the intention of using any gains for a family activity (in their case, a trip to Italy together).
Their timing was great. They put their $700 into several brand-name U.S. companies at pretty near the bottom of the bear market and ended up with nearly $5,000 in The Family Fund. Now they are on their way to Italy.
The Quattrone family is continuing the Family Fund this year. Updates will be posted to a blog. As notedon the blog, they had a recent meeting and decided to invest more heavily in Intel. They also “like Motorola below $10 with the success of the Droid product.” They also like healthcare staffing and healthcare market research, areas they think will benefit from U.S. health-care reform.
If the fund does well again, they plan to donate a portion of the gains to a charitable cause. One idea was to give money to a family that couldn’t afford to buy Christmas gifts.
Blogs & Comment
Meet the Quattrones
By Larry MacDonald
Heres an idea to consider next Christmas, thanks to the Quattrone family. Instead of buying gifts that will be taken back to the store or forgotten in a month or so, they decided last Christmas to pool their gift money together and invest it with the intention of using any gains for a family activity (in their case, a trip to Italy together).
Their timing was great. They put their $700 into several brand-name U.S. companies at pretty near the bottom of the bear market and ended up with nearly $5,000 in The Family Fund. Now they are on their way to Italy.
The Quattrone family is continuing the Family Fund this year. Updates will be posted to a blog. As notedon the blog, they had a recent meeting and decided to invest more heavily in Intel. They also “like Motorola below $10 with the success of the Droid product.” They also like healthcare staffing and healthcare market research, areas they think will benefit from U.S. health-care reform.
If the fund does well again, they plan to donate a portion of the gains to a charitable cause. One idea was to give money to a family that couldn’t afford to buy Christmas gifts.