Elisa was born one night in the Valencian summer. She measured the same as the average, weighed the same as the average and came into this world surrounded by the affection of her family. All very common except for one detail: at just a few days of age she already owned a small part of one of the Ibex 35 companies.
“Before she was born, she already had clothes, toys and everything a baby might need. For me it was more important for her to have something that would accompany her throughout her life and that is why I bought her a package of shares,” says Emilio Gomez, an amateur investor and father of Elisa, who is now more than two years old.
The idea came from a dinner presided over by Antonio Brufau in 2014 with shareholders of the Company. Emilio was 32 years old at the time and was one of the youngest members of the Advisory Committee, a Repsol initiative to promote investor participation. In a moment of privacy with the President, he showed him the ultrasound image of his daughter and asked: “Why do you think I should buy Repsol shares for Elisa?” “That is a very good question,” replied Brufau, who listed solidity and leadership as two of the main reasons.
It seems that Emilio was convinced by the answer since a few months later, Elisa had become the youngest shareholder of the Company. “The reasons to invest in a company are very personal, but in the end the most important thing to keep in mind is that the company in which you allocate part of your savings has tangible assets and a solid history”, emphasizes this experienced investor who, with his Savings, participates in all the Spanish blue chips.
Charo Alonso, recently retired from the Investor Relations Department after 27 years in Repsol, remembers that day perfectly: “When Emilio called us to tell us that he had had a baby girl, I was very pleased for him, but when he told us that he had made her a shareholder I was really surprised. We all liked the idea very much and it is a story that the whole team remembers well”.
Now comes the big question: “What would you like Elisa to invest the money in in a few years’ time?” Emilio thinks for a moment and then replies: “in whatever makes her happy,” he states without hesitation. “By the time she can collect the savings she will be of age and will have to make her own decisions. I don’t mind if she uses the investment to travel, to pay for college, to buy a car or more shares. She is free to decide and if she makes a bad decision, it will be her father’s fault because he didn’t bring her up properly”, he explains laughing.
For Emilio the really important thing about this gesture is to convey to his daughter the importance of saving. “In Spain we do not have a great financial culture. We prefer to buy an apartment than invest in a company, when these are what generate employment and reinvest part of their profits in society,” he explains.
That is why, when Elisa is old enough to understand why her father wanted to make her a shareholder, she will explain that she owns “a piece of a big company where many people work” and that therefore she also has “a great responsibility”.