Kids Stock Portfolio – Growing, Just Like Them

Kids Stock Portfolio - Growing, Just Like Them

Written by Summary

Yesterday, my son and daughter gave me some more money to invest. I bought our son 2 more Algonquin Power and 1 Suncor and our daughter 1 Algonquin.

My son has received $14.52 in cash from dividends resulting in a total increase of 20.72% since he started his journey in investing last year.

Do you get your kids into investing or teach them about finances? I would love to know what you do, maybe I could try one of your techniques.

MoMo Productions/DigitalVision via Getty Images The other day I was listening to Mike’s @ Dividend Stocks Rock podcasts – The Dividend Guy Blog Podcast. I really enjoy his episodes but one in particular stood out recently, “How to get your kids to invest”. It was a great one.

Last year, I did a post about us getting our kids into stocks, you can find that post here . At the time, it was just my son, but our daughter is now investing as well.

For the record, my son is 9 and our daughter is 4. They have a long timeframe for investing and I cannot wait to see their portfolio grow before they will need the money in the future for possibly their first car or a house, etc.

Mike teaches his kids a little differently than we do, but they are also older. My son could probably go that route but our daughter is too young. Personally, I started this to show them cash flow for doing nothing and just get their feet wet into the world of investing.

He actually opened separate TFSAs for his kids while I just keep their stocks in our portfolio in our TFSAs. I created a Google Sheets spreadsheet to keep track of their buys and dividends they received. I actually like his way more, but for now, I pay my kids the cash dividends whenever they receive them. While I’d love for the cash to stay in their investing account, they always got the choice to reinvest it once they get enough for a full share.

If you know me, you know I’m a massive fan of DRIP investing but at the moment, they don’t make enough to DRIP any shares. They prefer the cash and to be honest I like giving it to them. Money for doing nothing. It’s a learning lesson and it also teaches them to spend the money or save it. Funding

The kids’ birthdays are both around Christmas. They get flooded with gifts and “stuff” so much stuff… They don’t need as much as they have. Most kids don’t! Luckily, some family members give cash and we tend to give stuff and cash now as well. (no cash on Christmas, but their birthdays we give them some)

I then give them the option to buy some more stocks or keep it. Sometimes, they want to keep it, but once I pay them a cash dividend, they often ask if they can get more stock. With stocks like Algonquin Power ( AQN ) at less than 20 bucks a share, it is affordable – even for them.

They bust out their piggy banks and see what they can come up with. 1 year ago, we started to get the kids into investing and things keep growing for them. Kids’ Stock Portfolios

Yesterday, my son and daughter gave me some more money to invest. I bought our son 2 more Algonquin Power and 1 Suncor ( SU ) and our daughter 1 Algonquin.

I then went over their portfolio to show them the growth.

Son’s Portfolio

My son currently holds these shares: 3 TC Energy ( TRP )

5 Algonquin Power ( AQN )

9 Suncor ( SU ) 2 TD Bank ( TD ) Total Capital Invested = $729.09Value on March 13th, 2022 – $865.66An 18.73% increase in value not including dividends since last year. A great start. He has received $14.52 in cash from dividends resulting in a total increase of 20.72% since he started his journey in investing last year. Daughter’s Portfolio Our daughter currently holds these shares: 3 Suncor ( SU ) 3 Algonquin ( AQN ) 1 TD Bank ( TD ) Total Capital Invested = $248.66Value on March 14th, 2022 – $274.27A 10.32% increase in value. A lot less but her portfolio really didn’t start until October last year. Most of her holdings were purchased after Christmas 2021. She has received 78 cents in dividends.The cool thing is her face still lights right […]

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