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”

This week has been all trades, trades, trades

At the end of my first week as the Amateur Investor, I decided to tot up just how many trades I’d made in the last 5 days.

In a previous post I described how I need to make at least 8 trades a week to make my Premium Dealing option with The Share Centre pay for itself.

Well, on Monday I made 48 trades, so I don’t think 8 trades a week is going to be a problem 🙂

At the end of my first week as the Amateur Investor, I’ve made the grand total of 122 trades. Had I been on The Share Centre’s Frequent Trader option rather then the Premium option, these 122 trades would have cost me £915 in commission.

I’m looking forward to next week…