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Pastimes : Children and Investing -- Ignore unavailable to you. Want to Upgrade?

To: Early Out who wrote (1)	11/2/1998 9:54:00 AM
From: WhipsawMcGraw	Read Replies (1) \| Respond to of 22

I think you know exactly what your doing. That would be an impressive portfolio. I wish my clients would put away for there childrens future. I will throw out one idea. Dividend reinvestment programs. I have two accounts with Disney. There phone number is 818-553-7200. There are no fees and they will take out $100.00 or more each month out of your checking account. This way you are always averaging in and stay away from broker or on line commissions. Once again god bless you for thinking of your children now. Remember, rate of return of 10% will double your account every 7 years.

To: Early Out who wrote (1)	11/2/1998 10:57:00 AM
From: Patricia Meaney	Read Replies (2) \| Respond to of 22

John, I have brokerage accounts for both my children ages 8 and 3. When I first opened the accounts a few years back I thought like you - buy something kid related so I purchased them small lots of Mattel. When I tried explaining to my older daughter (she was 6 at the time) what I was doing with her money, she had the impression that I was purchasing toys since Mattel is a toy company. At that point I figured she hadn't a clue to what I was doing. That Christmas the Cabbage Patch line of dolls ran into trouble. Apparently a couple of children actually got their hair caught in the mouths of these "eating " dolls. My daughter was listening to the radio one morning when they made the announcement that they were recalling the dolls. She asked me "Does Mattel make cabbage path dolls?" I told her that I thought they did and with that she said "Oh no, what is going to happen to my stock now?" So I guess in her own little way she does have some kind of an understanding. Since then I have decided to buy what I thought would do good long term regardless of what type of business they were in. To this date my children's portfolio have the following: MAT, AIT, KOF, SBC, BA, and CMB. I did recently buy some PAIR which I will probably not hold long term - I'm not sure if this was wise since I will have to file a tax return on any capital gains for them.