Mike Nadel’s real-money Growth & Income Portfolio launched on June 12, 2020 — a couple of months before the first birthday of his twin grandsons, Logan and Jack.
At first called the Grand-Twins College Fund, Mike decided to change its name in 2021 to reflect the many reasons folks might have to invest in this kind of portfolio – reasons that have nothing to do with saving for college. In addition, Mike’s family has continued to grow, and he’s also now investing on behalf of his youngest grandchildren, Owen and Piper.
As the new name implies, Mike is building a portfolio with growth stocks, income stocks and some that combine both characteristics. The hope is that the combined investments will be worth tens of thousands of dollars before Logan and Jack start attending college in the late 2030s.
The plan calls for at least $100 per month to be invested on “LoJack’s” behalf; the brokerage being used allows purchase of fractional shares.
Many investors lack significant resources to save for long-range goals, so Mike aims to demonstrate how, over time, a nice chunk of change can be created through small, regular investments.
Mike writes often about the portfolio, and the data on this page is updated regularly. Nevertheless, the focus of this project will be more about the process than about “keeping score.”
The first article in the series – HERE – goes into more details about the specifics of the portfolio.
