MyMoney Online, Make Money Mondays

How I’m investing for my child’s education - share trader Garth McKenzie

When share trader Garth McKenzie’s first son was born almost four years ago he started an investment portfolio of 10 stocks for him.

The portfolio McKenzie constructed for him sought to generate an annualised return of at least 15% per annum including dividends.

McKenzie started what became a popular blog entitled “10 Stocks for My Son”.

His portfolio wildly outperformed the market.

Last year, however, was flat, as can be expected.

The Money Show’s Bruce Whitfield interviewed McKenzie about how his son’s share portfolio is doing for his weekly "Make Money Mondays" feature.

Listen to the audio below to learn what shares McKenzie is buying for his son (and/or scroll down for quotes).

I only trade four, five or six times in a year.

Garth McKenzie

My intention was to buy and hold these shares for the long term.

Garth McKenzie

I reinvest accrued dividends at the end of the year into one stock.

Garth McKenzie

I’m going to do exactly the same thing for my new-born son. They’ll have the same shares and the same starting capital.

Garth McKenzie

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
National Union of Mineworkers slams Minister Zwane’s moratorium on mining deals

National Union of Mineworkers slams Minister Zwane’s moratorium on mining deals

The Money Show's Bruce Whitfield interviews NUM Head of Transformation Luthando Brukwe.

Kumba Iron Ore boosts earnings by 53% (resumes payment of dividends)

Kumba Iron Ore boosts earnings by 53% (resumes payment of dividends)

Sumitra Nydoo interviews Kumba Iron Ore (Africa’s largest iron ore producer) CEO Themba Mkhwanazi.

'It seems Jacob Zuma is not in charge, the Guptas are'

'It seems Jacob Zuma is not in charge, the Guptas are'

FM Deputy Editor Sikhonathi Mantshantsha discusses Parliament prepping for its state capture inquiry on Tuesday.

DStv self-promotes too much, too often – Ad expert Andy Rice

DStv self-promotes too much, too often – Ad expert Andy Rice

Andy Rice praises a new BA ad (feat Sir Ian McKellen, aka Gandalf) and one with a rapping flight attendant (South West Airlines).

Many South Africans (rich and not-so-rich) are working more than one job

Many South Africans (rich and not-so-rich) are working more than one job

They’re called “slashers”, and they’re doing so for various reasons, explains Old Mutual Research Manager Lynette Nicholson.

How I beat the market to turn R100 000 into R153 000 in 2 years

How I beat the market to turn R100 000 into R153 000 in 2 years

A share trader discusses his wildy popular blog “10 Stocks for My Son” and how his two-year-old son's portfolio is performing.

Popular articles
Interested in buying a franchise? Learn from this guy (owner of 100 KFCs)

Interested in buying a franchise? Learn from this guy (owner of 100 KFCs)

Sumitra Nydoo (on The Money Show) interviews KFC franchisee Kuben Naidoo.

International “one ring” phone scam can cost you big bucks

International “one ring” phone scam can cost you big bucks

My Broadband's Jan Vermeulen explains that as fast as the service providers block the numbers, new ones crop up.

#GuptaLeaks reveals BLF's Andile Mgxitama as role player in silencing the media

#GuptaLeaks reveals BLF's Andile Mgxitama as role player in silencing the media

Leaked emails show that Mngxitama was instructed to question the funding of online publication, BizNews in order to silence it.

Listeners share their views on controversial 702 tweet

Listeners share their views on controversial 702 tweet

Eusebius McKaiser invited listeners to express their opinions over the controversial tweet that compared black babies with dogs.

Opinion: Controversial tweet 'triggers white supremacy and anti-black racism'

Opinion: Controversial tweet 'triggers white supremacy and anti-black racism'

Eusebius McKaiser shares his thoughts on the controversial 702 tweet posted during Walk the Talk on Sunday.

How far is BATSA's investigation on allegations of bribery and corruption ?

How far is BATSA's investigation on allegations of bribery and corruption ?

According to EWN's Barry Bateman, no action has been taken as yet with regards to these claims against the cigarette giant.