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

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Article brought to us by Old Mutual.

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