I have just started my first job after uni as a grain trader in Perth. I trade forex and CFDs with some good success also. Now I actually have some decent money to invest in both the share market and fx accounts I'm stuck with a bit of a problem.
I'm aiming to have around 2k to invest in shares each month. I have the shares that I would like to purchase for a long term high dividend strategy (aiming for a portfolio of around 10 companies).
The issue is do you think I should be buying 1 company at the end of each month worth 2k or should I split this in to say 2 companies worth 1k each and add say another 1k or more down the track and dollar cost average I guess. It is going to cost me more in brokerage but it will diversify my portfolio some what.
Basically I'm just after some opinions on starting and growing a portfolio. I'm rather bullish leading in to 2012, I only wish I had started work earlier to take advantage of the October gains.
Thanks in advance for any advice.