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.
Read More
The Money Show’s Bruce Whitfield interviews Allon Raiz, CEO at Raiz Corp on government focus with small businesses.
The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.
The Money Show’s Bruce Whitfield interviews Richard Brasher CEO at Pick n Pay on its growth.
The Money Show’s Bruce Whitfield interviews Finance Minister at Treasury Nhlanhla Nene on the IMF and World Bank Group meetings.
Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?
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
She faces ongoing complaints from rivals about having an "unfair advantage" on the track, but how fair is this proposed IAAF rule?
Wattapac is a water-saving bladder and pump designed to help plumbers save as much as 1 000 litres of water a day.
A woman has penned her triumphant story of survival after being sexually abused by an uncle as a child.
Khayelitsha Hospital staff claim they were ill-treated in front of patients during a visit by a Parliamentary Select Committee.
Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
Mugg & Bean has agreed to pay for customers medical bills after a month of being in pain and pestering the chain to pay the bill.
