Portfolio reorganisation continues

As I wrote last week in “Cleaning up the Amateur Investor Portfolio“, I’ve decided to tidy up the Amateur Investor portfolio.

While I said that this was because the A.I. portfolio of over 200 holdings was proving to be too difficult to keep a close eye on, another consideration is that the 12 month anniversary of subscribing to The Share Centre’s unlimited share dealing option is approaching (The deed is done. I’m now a “Premium Trader”!)

This trading option costs £3000 per annum (£2500 + VAT) and allows frequent traders to trade as often as they like without additional trading fees. So anyone trading at least once a day will probably be better off on the Premium Trading option.

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Game Group calls in the Administrators

Regular readers of the Amateur Investor will know that I have purchased quite a few blocks of Game Group (GMG) shares.

The computer games retailer has been having a torrid time, mainly due to the gamers switching to online retailers for their computer games fix.

Game Group shares were suspended on 21st March 2012, and it was only a matter of time before the Administrators were brought in.

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Is this GAME over?

Breaking news today about troubled high street retailer GAME GROUP (GMG).

Apparently Electronic Arts has said that they have stopped supplying supplying the high street chain after falling out over “credit terms”

It means Game may no longer receive Mass Effect 3, the largest game of the year so far, or other March releases.

As a holder of GMG shares, I’ll be following this story as it develops.

What’s your Credit Rating?

Do you know what your “credit rating” is?

Do you wonder why you keep getting turned down for credit cards, store cards, personal loans or mortgages?

It could be that your credit rating is sending shivers down the spines of lenders who fear that you may be unable to repay what you borrow.

But what exactly is a credit rating?

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Nearly 5 months in, how am I doing?

It’s now nearly 5 months since I took on the role of Amateur Investor. In that time I have made hundreds of share purchase transactions, drip-feeding money into the markets as the media feeds us a daily meal of economic doom and gloom.

As we stumble from one economic crisis to another I decided to take stock and see how my purchases had faired.

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4 shares and a fund purchase

It’s nearly the end of 2011 and the 2012 share tips are coming thick and fast. I am keeping an eye out for shares to buy for 2012 but, in the meantime, a few small purchases today.

Biome Technologies (BIOM)

Biome shares were tipped in Shares magazine yesterday (22/12) at 0.15p – talk about a penny share!

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I should take my own advice sometimes

A couple of days ago I wrote that I wish I’d put more money into Thomas Cook.

In the post I noted that my two purchases were showing VERY healthy gains as a result of buying on bad news and watching the share price rise on news that Thomas Cook had reached an agreement with its bankers.

I said I was tempted to lock in some of these profits with the share price sitting at a shade under 21.5p.

Well I should have done just that… right?

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Put your life savings into Thomas Cook shares…

… at least that’s what I wish I’d done last week.

As the news hit about potential problems at Thomas Cook (TCG) last week the shares went into freefall. As I wrote here, I made two purchases on the day, the first at 18.83p and the second at 11p.

Oh how I wish that second purchase had been bigger!

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United Utilities and some more dividend income

I bought into United Utilities earlier this week for the yield. And today I increased that holding with a further purchase at 603.33p bringing muy average buying price down from 617p to 604.7p

I’m keen to buy more United Utilities shares, and will be watching the share price closely with a view to further purchases around the 540p level.

RSA Insurance Dividend

A nice dividend from RSA appeared in my trading account today. I’ll be looking to invest it tomorrow.

Ex Dividend Dates

Don’t forget, if you’re interested in investing in shares for dividend income, a list of up-coming ex dividend dates is regularly updated on the Amateur Investor website.