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
Blind Spots: How they come about and how they affect your business

Blind Spots: How they come about and how they affect your business

As a small business owner, nobody expects you to be perfect. Because you cannot see them, blind spots could be a real nuisance.

Where to invest your overseas capital

Where to invest your overseas capital

With the political climate as volatile and rife, the US might not be the best country to keep your overseas capital.

Bitcoins: Only up from here, or just another wave?

Bitcoins: Only up from here, or just another wave?

Find out how the cryptic currency managed to gain so much momentum so relatively fast and kick yourself for missing out.

Great ideas, wrong time

Great ideas, wrong time

The iPhone, Ebay and Facebook, we all know these killer applications but what about their very similar predecessors that flopped.

Is the qualification real? Check out this ingenious, real-time verification tool

Is the qualification real? Check out this ingenious, real-time verification tool

The Money Show’s Bruce Whitfield interviews Logan Attorneys Consumer Law Specialist Stephen Logan.

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
CoCT 'Water Resilience Plan' to produce 500 million litres of water per day

CoCT 'Water Resilience Plan' to produce 500 million litres of water per day

City of Cape Town Mayor, Patricia de Lille held a media briefing to share the City’s 'Water Resilience Plan' on Thursday.

"I bumped into Anoj Singh and Eskom's Prish Govender at the Hyde Park Hotel"

"I bumped into Anoj Singh and Eskom's Prish Govender at the Hyde Park Hotel"

Sikhonathi Mantshantsha says surely as Anoj Singh is on suspension, he should not be talking to Eskom employees.

Journos walk out of Bathabile Dlamini's briefing after 2 hour wait

Journos walk out of Bathabile Dlamini's briefing after 2 hour wait

EWN's Gia Nicolaides says journalists walked out of the media briefing on social grants after waiting for hours for her to arrive.

Grace Mugabe used normal passport and can't enjoy diplomatic immunity

Grace Mugabe used normal passport and can't enjoy diplomatic immunity

Shadow Minister of International Relations says Mugabe's case should not be debated any further as she can't enjoy any privileges.

Snow turns parts of SA into winter wonderland

Snow turns parts of SA into winter wonderland

Parts of the Northern Cape, Eastern Cape and Western Cape are covered in snow as a strong cold front sweeps SA.

Grace Mugabe invokes diplomatic immunity as Zim-SA relations get tense

Grace Mugabe invokes diplomatic immunity as Zim-SA relations get tense

Grace is still in South Africa and her husband, Zimbabwean President Robert Mugabe, is due to land in the country this afternoon.