Hello all. I am new to the stock market in the last six months or so. I see myself as an "investor" with a long term view (5-10 years) rather than a "trader". In my current portfolio I have:
I learnt a harsh lesson investing in centro (1st investment) without much prior knowledge of the company, instead listening to a "friend". I happy with the way I am progressing from reading books and posts from ASF.
However I think my portfolio is not very diverse. I am looking at other sectors such as banking but I feel there is still more pain ahead for the banks in the next 6 months as more debt is revealed. In the food sector I think WOW is a great company but it is overpriced and WES has too much debt. I am a greenie and thus not looking in the mining sector.
I am getting more and more patient waiting for the right time to purchase "bargain stocks". I dont think timing is everything from an "investors" point of view but it certainly helps.
Would appreciate any advice on other sectors/stocks I should investigate further and my current selections.