Today, the Amateur Investor purchased shares in three companies and they didn’t require me to pay money into my dealing account. How would you like some “free” shares?
It sounds too good to be true, right? Wrong!
But how is it possible for you to get some “free” shares too?
Continue reading “Pssst. Fancy some free shares?”
Well, I’m glad you asked.
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.
Continue reading “So what shares were you buying today Amateur Investor?”