The FTSE 100 plunged 239.37 points today, to 5092.23 and the FTSE250 finished at 9,844.25, down 525.17 points as uncertainty returned to European and US markets.
Meanwhile the spot price of gold hit $1,816.09 an ounce, another record.
The Amateur Investor once again took advantage of plunging share prices to reduce the average buying price of half a dozen holdings. The trades made today were (the buying price is total price per share including stamp duty):
Continue reading “Here we go again. Markets plunge.”
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?”