In a recent interview with Steven Bartlett, Shark Tank US star Kevin O'Leary shared how his investing strategies were shaped by his fiercely independent mother.
O'Leary recalled that his mother started working in an accounting department at a very young age and got paid in cash. Every week, she would take 20% of the money and invest in two asset classes: large-cap stocks that paid dividends and telco bonds. He recalled that 7-year telco bonds paid up to 8% in annualised interest at that time. 'She maintained that portfolio for 55 years,' O'Leary said.
