Hello all, I've been reading these forums for a couple of weeks and decided it was time I posted.
Basically, I'm a young finance student with the dream of one day making my millions in the share market. I have been doing some basic trades on CommSec for the last year or so to grasp an understanding of how the market works and have seen a small (maybe 10%) profit on my original capital. I have decided that it is time to diversify my holdings a bit. Currently my portfolio is based on three sectors:
Materials (80%) - BHP, HGO
Energy (15%) - BUL
Industrials/Transport? (5%) - MAP
Previously held QBE, ORG, WBC also.
Now I know this setup is far from diverse, that is why I am here. I plan to invest my Rudd bonus this week as well as around $500 of my own into two more stocks. I have been hesitant to invest in Health/Media/Services/REITs/Agribusiness due to lack of knowledge in those areas but I am also eager to learn about the main players in these industries. I'm not keen on Telcos either because in my opinion the industry is, for lack of a better word, stuffed.
What would be some good sectors to compliment my portfolio and who are the main companies worth looking at in these sectors? (note: I'm not looking for recomendations, but for some companies to research and analyse myself in these sectors. Basiacally, what two sectors in particular would go with my current holdings.
Here are some of the shares/sectors I am very familiar with. Feel free to fill in these blanks for me:
Energy - AGK, ORG, BUL
Financials - CBA, QBE, WBC, MQG, NAB
Industrials - MAP
Materials - BHP, RIO, HGO, ESG, LGL
Telcos - TLS
REITs - CEU, TCL (maybe these are under Transport or Industrials?)
Looking forward to some good input,