economy
Financial analyst details how he's building "coffee can portfolio" for his kids in new book
Updated on: June 19, 2026 / 2:21 PM EDT / CBS News
TL;DR
- Matthew Ankrum, a financial analyst, is building generational wealth for his daughters through a long-term investment strategy.
- His strategy involves identifying and investing in "100-bagger" stocks, companies expected to multiply in value significantly over decades.
- Ankrum stores the stock certificates in a coffee can, planning to leave them untouched for at least 30 years.
- The goal is to leverage compounding interest to create a portfolio potentially worth half a billion dollars for his daughters.
- This method is detailed in the book "The Coffee Can Investor," co-authored by Neeraj Khemlani, emphasizing patience and financial literacy.
- Ankrum's daughters feel proud of his efforts and appreciate the flexibility and freedom his strategy provides.
- The book also highlights that Ankrum's parenting extends beyond investments, including shared activities and support for his daughters.