Here’s a list of the investments I’ve made so far:
So far I’ve put £6045 in to the app but I’m down to £5837. As I said in a post a few days ago, I’m not happy at all with my diversification. I’ve got money in two different UK Dividend funds, plus VMID which is a third. In an attempt to fix this I’m going to purchase 100x shares of VHYL, 100x shares of HMCH since the Chinese stock market has absolutely tanked, and bring my total number of IDVY shares to 100x. Buying these three particular stocks should give me a lot more diversification in the short-term and value in the long-term. As a new investor, and this being my first ever activity in the Stock Market, I’m just looking to set up a solid foundation to build on.
I was going to buy NEX as I’ve read nothing but good things about this company. The dividend return is good and rising, profits are up, they look solid going forward, but I hesitate to invest in another UK company until my portfolio is more diversified. Plus, ETFs offer instant diversification and NEX is an individual company so that’s in my thoughts as well. In the absence of a watchlist I’ve been picking up a few shares just to keep an eye on them so that’s why those are sitting there.
I’ve got Christmas to pay for now so this will be the last of my activity for 2018. At the start of next year I’ll look to further diversify my portfolio by purchasing IUSA and MSCI World. I’d hope the price comes up on the UK Dividend funds as I may get out of one, or even both, and just stick with VMID for the long term.
In the long term I think I’ll try and get 10 stocks, buy 100x shares of each, and once happy with their diversification just increase my holdings over time. As I continue to put money in I hope dividend payouts start to kick in and I can really get that compound interest going.