I started the day buy tucking away a few Merchants Trust (MRCH) into my High Yield Portfolio (HYP). Over the last 3 years Merchants have paid out dividends representing a yield of 7.9% (2009), 6.8% (2010) and 5.6% (2011) so they seemed like a perfect addition to the HYP. They appear to pay out dividends quarterly. I managed to buy at 373.6p per share (including Stamp Duty).
Most of the other share purchases made today were to reduce the average buying price of already held shares.
I’ve got a bit of a reputation as an amateur money expert amongst those close to me. This often means I’m asked advice on money matters (I hasten to add that I always make it clear that I don’t mind pointing them in the right direction, but the final decision has to be theirs).
So when a relative asked where they should put a few hundred Pounds a month, I got out the Best Buy tables and got stuck in.