Two years ago Traders Corner share trader Garth McKenzie’s first son was born.
At that time 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 wildly popular blog entitled “10 Stocks for My Son”.
The Money Show’s Bruce Whitfield interviewed McKenzie about how, two years on, his son’s share portfolio is doing.
Scroll down to listen to the audio.
MTN and Tiger Brands have been disappointing. Especially Tiger Brands.— Garth McKenzie
The rand has weakened by 35% since my son was born.— Garth McKenzie
You want to invest in South African companies that derive most of their earning offshore.— Garth McKenzie
I haven’t sold anything; that was the intention from the start.— Garth McKenzie
R100 000 has grown to just over R153 000 in two years. The 53% growth I managed far outperformed the market!— Garth McKenzie
The secret of success is time.— Garth McKenzie
Don’t be fearful of the market crashing. Keep your sights on your long-term goal.— Garth McKenzie
You only pay tax once you sell an investment and realise a gain.— Garth McKenzie
I wouldn’t do much differently if I started with this today.— Garth McKenzie
This article first appeared on 702 : How I beat the market to turn R100 000 into R153 000 in 2 years