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.

Continue reading “Portfolio reorganisation continues”

The dividends are coming in thick and fast

A couple of weeks ago I was listening to a Motley Fool podcast and the host, David Kuo, mentioned that he liked this time of year as many of the companies he holds shares in pay dividends.

He wasn’t wrong.

It seems that every day I look at the cash element of my share dealing account and see another dividend payment has boosted the balance.

In the last 10 days I have received dividend payments from the likes of Legal & General, Prudential, RSA, Capita, BBA Aviation, Barclays and Standard Life. Today it was the turn of Admiral, BAE Systems, International Personal Finance, Weir Group and ITV.

So some of this dividend income was put back into shares today.

The Admiral Group dividend was used to buy more Admiral shares and reduce my average buying price to 1,291p too.

Other purchases were LLPC (LloydsTSB 9.25% Non-cum Pref Shares), Clarke T. (CTO), Polo Resources, PPHE Hotel Group (tipped in today’s Investors Chronicle magazine), and LLOY (LloydsTSB).

Markets around the world continued to decline today. But as income investing becomes a more and more dominant theme in the Amateur Investor portfolio, the daily ups and downs become less of a concern when there’s a constant stream of dividend payments hitting my dealing account.

Have a happy Jubilee weekend.

 

This week’s share purchases

Well, just one purchase this week actually.

Addition of more Centamin (DI) (CEY) shares, reinvesting some dividends that have come in from other shares recently.

Previous average buying price was 109p and today’s purchase at 67.5p reduces the overall average buying price to 81.33p

Might look to make a few more purchases today as a dividend from British American Tobacco came in yesterday adding to the dividends from Interior Services Group and Jardine Lloyds Thompson Group which came in on Monday.

 

Reinvesting a couple of dividend income payments

The A.I. portfolio cash balance has been boosted by payments from Low & Bonar and National Westminster Bank Plc 9%, so the funds were used to make a couple more purchases.

First purchase was Vectura (VEC) which was tipped on Shares magazine today. Bought in at 58p.

Second was a topping up of office2office (OFF) shares bought earlier in the week. Today’s purchase at 148.5p reduced the average buying price from 162p to 153p.

Today’s Share Purchases

As I posted yesterday, there are some fat dividends up for grabs this week, as long as you buy in before the shares in question go ex-dividend on Wednesday.

So today’s first share purchase was prompted by the list of shares going ex-dividend this week.

Continue reading “Today’s Share Purchases”

I am facing a dilemma. Should I sell BP?

Before I start, I should say that perhaps dilemma isn’t quite the right word. A dilemma is “a problem offering two possibilities, neither of which is practically acceptable”.

I bought into BP back in July 2010 (before I started the Amateur Investor blog) after the Deepwater Horizon oil spill had hit the shares for six. Shares had shed over 50% of their value, dropping from over 650p to around 300p.

Continue reading “I am facing a dilemma. Should I sell BP?”

Another day, another couple of dividends

Today it was the turn of iShares to provide the, hopefully soon to be daily, dividend income. The two dividends received today were from iShares FTSE UK Dividend Plus (IUKD) and iShares FTSE 100 (ISF) which paid 9.09p and 3.96p per share respectively.

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The dividends keep rolling in

It seems like my share dealing account is being boosted by dividend income every other day at the moment.

Yesterday I received a dividend payment from BP and today it was ploughed back into the market with the purchase of Mwana Africa (MWA) and Xchanging (XCH). Continue reading “The dividends keep rolling in”

A new addition to the High Yield Portfolio, and shares going ex-dividend next week (14th December)

A few dividend payments turned up in my dealing account today from Stobart Group, BSKYB, Balfour Beatty and Barclays.

I decided to put the dividends into a new addition to the High Yield Portfolio, MedicX Fund (MXF).

Continue reading “A new addition to the High Yield Portfolio, and shares going ex-dividend next week (14th December)”