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
Ford South Africa recalls 15 600 Figos and Ikons (built between 2004 and 2012)

Ford South Africa recalls 15 600 Figos and Ikons (built between 2004 and 2012)

Please share this with your Ford-driving friends. Fire hazard, again! They must "immediately” contact a dealership.

'Jacob Zuma is lying. SA has one of the worst unemployment rates in the world'

'Jacob Zuma is lying. SA has one of the worst unemployment rates in the world'

The Money Show’s Bruce Whitfield interviews labour economist Andrew Levy.

Sygnia donates 100% of money market management fees to fight corruption

Sygnia donates 100% of money market management fees to fight corruption

State Capture… Corruption… it just goes on and on! The Money Show’s Bruce Whitfield interviews Sygnia CEO Magda Wierzycka.

Stuttafords dies on 1 August. There are lessons to learn

Stuttafords dies on 1 August. There are lessons to learn

The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Bitcoin may (or may not) be a bubble. Check this out before taking the plunge

Bitcoin may (or may not) be a bubble. Check this out before taking the plunge

Is the spectacular rise in the value of Bitcoin realistic? Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

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
Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf

Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf

Ray White interviews Wayne Duvenage, Chairperson at the Organisation Undoing Tax Abuse (OUTA).

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

William Kentridge (world-renowned South African artist) opens up about money

William Kentridge (world-renowned South African artist) opens up about money

Bruce Whitfield interviews one of our most beloved artists of all time about his money hopes, fears, successes, failures, etc.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

The world’s richest doctor (worth R150bn) was born and raised in South Africa

The world’s richest doctor (worth R150bn) was born and raised in South Africa

Patrick Soon-Shiong, son of Chinese immigrants to SA, is the world’s richest doctor and the wealthiest resident of Los Angeles.