SuperSize Your Stocks Teaches Families to Save and Invest

Do you need to put your family savings plan on the fast track? Need to give the college fund a quick boost in the next few years? Are you looking for a way to teach the kids sound investment strategies they will need when they grow up?

A new web site will chronicle a family of four as they plan and actively work their new family savings strategy.

"We've struggled for years trying to teach the kids about money," says Sherri Rosenbaum. We're hoping that this new family activity will be a way to teach them the things that we learned the way".

Like many families, the Rosenbaum's savings plan has often taken a back seat to their hectic schedule and other financial obligations. Now, as the kids have entered their teens, the family is faced with having to sure up their savings.

"Of course, we're also always looking for a new family activity," says Sherri. "By involving the kids, we'll not only be teaching them, but making the most of what precious little time we still have with them at home. Creating a structured plan will be the key to making sure we follow through."

The Rosenbaum's are going to commit 2 hours per month, 1 hour every 2 weeks and follow a plan. Each meeting will involve reviewing their progress, brainstorming for new ideas, and setting new short term and long term goals.

In 2005, the S&P 500 achieved a 2.7% increase, while the NASDAQ earned .9% and the Dow Jones Industrials lost 1%. The Rosenbaums will be shooting for a 3% monthly return which amounts to a whopping 42.6%! Are they crazy to set their sight's so high?

The family has decided on a plan to buy stocks and write covered calls as an investment strategy to increase returns and reduce risk. Steve Rosenbaum has some experience investing stock options.

"I'm currently earning over 5% per month trading options. That's quite common. We've actually decided to be more conservative and shoot for only 3% per month.

"Writing covered calls is a simple technique that anybody can do," says Steve. "Hopefully, others will see our success, and want to duplicate it for themselves. We know many families struggle with these issues and hope that we will help others achieve their goals."

Steffani, the Rosenbaum's daughter, will play a big role in finding good companies in which to invest.

"I like to shop at The Buckle and American Eagle. All my friends are getting Razr phones and IPods," notes Steffani.

These types of observations are exactly what is needed to identify prospective companies. The Rosenbaums will evaluate stocks according to selection criteria. Those that meet the requirements may become part of family's portfolio.

The family's teenage son, Danny, is already learning about investing. In 2005, Danny was able to save enough money from his part-time job to open his own trading account. His first 2 trades earned him quick monthly returns of 7.9% and 5.2%.

"I'd like to buy a Lamborghini," says Danny when asked about his goals!

"You can see we have a lot of work," responds Steve!

About the Author: