I will be building a long term income portfolio and sharing the process and some of the experience.
The main focus of the portfolio is income though I also expect some capital gains over the longer term.
Prices will always fluctuate and volatility has been high lately.
My criteria for picking stocks to buy will mainly be mid to large cap, traded on the ASX and no little in international or companies not listed on the ASX.
The amounts invested will be $1000 max per day. Why? No transaction fees.
And I do like the gradual building, buying the dip and dollar cost averaging.
The first income target of the portfolio is $500 per month, or annualised equivalent.
This is $6,000 per year and should need around 90-100k invested to achieve.
Of course this is with current market situation, there is no guarantee of future results and I must always keep in mind that “stuff” can happen, often does and markets will react in unpredictable manner which could result in large losses. C’e la vie.
- Buys over first half of June are
- Whitehaven Coal. 173 shares @ 5.755 for $995.62
- Bank Of Queensland 179 shares @ 5.57 for $997.03
- Westpac 48 shares @ 20.62 for $898.76
- BSP Financial Group 200 shares @ 5.00 for $1000
- ANZ 44 shares @ 22.71 for $999.24
- NAB 39 @ 25.33 for $987.87
- Woodside Energy 29 shares @ 33.99 for $985.71
- Incitec Pivot 359 shares @2.775 for $996.23
Total portfolio at 14th June is $7860.46