With Autoinvest about to land I thought I’d share my plans on how I intend to build my portfolio and a but about my previous trading.
My first trade
My first ever share trade was in a company called Ramco Energy PLC (LSE:ROS). Ramco were an oil company based in Scotland who managed to bag a lucrative deal with the Iraqi Drilling Company for oil exploration in Iraq. I had been following the company for a while and decided to take the plunge just before the joint venture was announced. I sold on the news of the JV and made a decent profit. The company subsequently failed to raise the funds and lost the JV contract.
My next major investment was in a company called Baobab Resources (LSE:BAO). Baobab were a mining explorer based in Mozambique. They had a huge resource in the Tete Province. They subsequently went on to sell the company to Redbird, a subsidiary of African Minerals & Development.
Along the way I have traded in a number of companies mainly oil and mining. Two companies I have investments in are Gulf Keystone Petroleum and Amur Minerals. These are companies with great prospects and I will continue to hold them in my portfolio going forward.
Future plans with Autoinvest
I don’t have time to day trade and looking back it is fair to say amongst my winning trades I have had a number of costly losers as well. Had I simply invested my money in an index tracker I would be significantly in profit. That is why my investing strategy has changed. I favour ETFs over individual stocks because finding the right needle in a haystack is not easy. I am still relatively young (in my 30s) so have a high level of risk tolerance and am prepared to have a significant exposure to equities. This is how I plan to build my Autoinvest portfolio (this isn’t set in stone and I will adjust):
- 70% Global Equity ETF - Vanguard FTSE All-World VWRL
- 8% UK Government Bonds - UK Gilt
- 8% High Yield Corporate Bonds - PIMCO Short-Term High Yield Corporate Bond
- 4% Gold - iShares Physical Gold
- 5% Gulf Keystone Petroleum
- 5% Amur Minerals
Anyone want to share their plans?