Financial analyst details how he’s building “coffee can portfolio” for his kids in new book

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Building Generational Wealth: The Coffee Can Strategy

Matthew Ankrum, a financial analyst from Kansas City, Missouri, had a vision to create generational wealth for his daughters while teaching them valuable lessons about financial stability. Little did he know that a simple coffee can would hold the key to unlocking those lessons.

As his family grew to include three daughters – Peyton, Morgan, and Pierce, Ankrum began to think differently about the world. He delved into the concept of “100-baggers,” stocks that have multiplied in value 100 times over the decades. By studying the common traits of these companies, Ankrum formulated a strategy to invest in what he believes will be the breakout companies of the future. His goal is to leave his daughters a portfolio that could potentially be worth half a billion dollars through the power of compounding interest.

Matthew Ankrum and his three daughters — Matthew Ankrum with his three daughters

To safeguard these valuable stock certificates, Ankrum decided to store them in a coffee can, with a plan not to touch them for at least three decades. When Neeraj Khemlani, former CBS News and Stations President, learned about Ankrum’s unique investment strategy, he was intrigued. The two friends decided to share this approach with a wider audience.

“The Coffee Can Investor,” Khemlani’s recently published book, chronicles Ankrum’s method and the importance of imparting financial literacy to future generations. The book highlights the significance of patience and the power of compound interest in wealth-building.

Neeraj Khemlani in the CBS News newsroom in 2022

Ankrum’s daughters expressed pride in their father for setting them up for financial success and sharing his wisdom with the world. They emphasized that his parenting style goes beyond stocks and growth, as he actively participates in their lives by watching movies and listening to their stories. Ankrum has instilled in them the values of flexibility and freedom to pursue their passions.

While Ankrum’s investment strategy may seem unconventional, it reflects his commitment to securing a bright future for his daughters and empowering them with financial knowledge. Through the lessons learned from the coffee can approach, Ankrum hopes to inspire others to prioritize long-term financial planning and the cultivation of generational wealth.