10-01-2014, 06:10 AM
(This post was last modified: 10-01-2014, 06:23 AM by DividendDragon.)
Hi guys I'm 21 and totally new to investing.
I've read a few books on dividend growth and decided that as I'm young I want to grow my wealth over time ready to relax and enjoy my hard work at a later date.
My current portfolio is only worth around £2.5k ($4,000) but I'm looking to steadily invest over the next few years around £3k ($4800) a year.
Here is my portfolio so far. Please don't be afraid to rip it to pieces but also ensure criticism is constructive
Obviously, as I add more investments the %'s will average out as they are currently high.
1 Lloyds Banking Group 21.3%
2 JPM Emerging Markets Class B 20.2%
3 GlaxoSmithKline 13.8%
4 Sanditon Asset Management Ltd European Class F 13.0%
5 AFLAC 12.2%
6 OAO GAZPROM 9.2%
7 Carillion 5.8%
Thanks
Lewys
EDIT: I know Lloyds don't currently pay a dividend but are set to pay 1p at the end of this year (potentially) and increase thereafter. Check history in regards to 2008 financial crash.
I've read a few books on dividend growth and decided that as I'm young I want to grow my wealth over time ready to relax and enjoy my hard work at a later date.
My current portfolio is only worth around £2.5k ($4,000) but I'm looking to steadily invest over the next few years around £3k ($4800) a year.
Here is my portfolio so far. Please don't be afraid to rip it to pieces but also ensure criticism is constructive
Obviously, as I add more investments the %'s will average out as they are currently high.
1 Lloyds Banking Group 21.3%
2 JPM Emerging Markets Class B 20.2%
3 GlaxoSmithKline 13.8%
4 Sanditon Asset Management Ltd European Class F 13.0%
5 AFLAC 12.2%
6 OAO GAZPROM 9.2%
7 Carillion 5.8%
Thanks
Lewys
EDIT: I know Lloyds don't currently pay a dividend but are set to pay 1p at the end of this year (potentially) and increase thereafter. Check history in regards to 2008 financial crash.