Last post of the week from the Amateur Investor. Quite a quiet week by recent standards.
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.
Some pound cost averaging of AstraZeneca (AZN) kicked off today’s share purchases, followed by purchased of Cookson (CKSN), Devro (DVO) and Umeco (UMC) on the back of share tips in The Independent this morning.
Lots more pound cost averaging (i.e. trying to make the average price I’ve bought various share at cheaper as the price has been dropping) of PUB, OCDO, BPTY, XMCX, HSX, HSBA, BPI, HWDN, LOG and SGP.
I hope the term “pound cost averaging” doesn’t haunt me.
Now that I have confirmed than the Premium Trading option has been successfully added to my dealing account with The Share Centre buy making a test purchase of Barclays (BARC), I’m keen to follow up with many more purchases today. Continue reading “And the share purchases come thick and fast”