My Most Precious Possessions About This Portfolio
Holdings
Lockheed Martin
(Stock Symbol = LMT; We bought 20 shares @ $43 7/8)
These guys are veterans in the making
of aircraft, spacecraft, rockets, missiles and electronics.
Now, they are sending up internet satellites.
Someday my son hopes to fly in one of their machines.
Boeing
(Stock Symbol = BA; We bought 10 shares @ $33.75)
The stock that prompted this portfolio. Several years
ago, I purchased Boeing as part of a long term "adult" portfolio.
The stock price climbed, and the stock was sold. What I had
failed to realize was that my son had grown attached to
their annual report. He loved looking at the pictures of the
planes. As time went by, his persistence on the matter
prompted me to buy it for him again.
Mattel
(Stock Symbol = MAT; We bought 20 shares @ $21.88)
I was reluctant to purchase Matel... until my 4-year-old
daughter's favorite phrase became, "Barbie.com".
Disney
(Stock Symbol = DIS; We bought 100 shares @ $29.25)
That same 4-year-old loves the Disney annual report.
Not only does she love to see the pictures of what is
coming out next, but she also likes to check their numbers.
She spends more time looking at the annual report than
any Disney toy or movie. It was the best investment in
a "toy" that I've ever made.
Ralston Purina
(Stock Symbol = RAL; We bought 25 shares @ $27.25)
When you buy Ralston you get three kid's stocks in one.
1) Purina pet chows for their dog and other animals
2) Breakfast cereals
3) Energizer Bunny batteries
Ray O Vac
(Stock Symbol = ROV; We bought 25 shares @ $22.63)
Gameboy, remote controlled car, portable music machines, and
the list goes on.... Since our battery usage is so high, we
figured we might as well pay ourselves some of that money.
About This Portfolio
As a person interested in finance, people are always asking me questions about money, stocks, bonds and wealth. So, before answering, I usually ask them, "What will you do with your money? What will be your prize possession?"When I ask myself these questions, the answer is simple -- "My children."
Wisest Investments
How can I best serve my children? Well, I may not be able to make the best, or wisest decisions. But, one option could not be ignored -- "Get the kids involved!" That way... in any event... we would get to enjoy time and knowledge as a family.In determining the mix of the portfolio, the children voiced their vote using the following criteria:
- Interest in the annual report
- Use of the company's products
Overall, this is a "buy-and-hold" portfolio.