PENNSIF INVESTS : The World's Largest Investment Portfolio - Buying on Monday...
The stock markets have changed considerably since I posted my 'World's Largest' picks a week or so ago.
I am scheduled to press the buy button on Monday 1 March to kickstart this investment portfolio into life.
The downturn almost across the board does present me with the opportunity to buy the stocks at a usefully lower price than just a few days ago.
The big question is whether there is still more falling to be done or will stocks be bottoming out on Monday?
The World's Largest Investment Portfolio
These are the 10 sectors and the largest companies in each that I have access to invest in.
I still have a few doubts on one or two but I will run with these now and see how they play out over the coming months...
1. Bank = Mitsubishi UFJ Financial Group (MUFG)
JPMorgan Chase (JPM) and Mitsubishi vie for the higher spot in different rankings and JPM does tempt me on some metrics. However I will stick with Mitsubishi to give a bit more global diversity.
MUFG also has a useful looking dividend coming up on 30 March so I think it will be a good time to buy.
2. Car Manufacturer = Volkswagen (VWAGY)
Toyota (TM) was on the shortlist with Volkswagen but I am going with the German company as its future all-in commitment to Electric Vehicles fits well with my underlying 'planet positive' investment ethos.
The only point I am uncertain on is which Volkswagen stock to buy - Trading212 has both VOW and VOW3 stocks available. Any thoughts on which I should go for?
3. Media Company = Comcast (CMCSA)
Both AT & T (T) and Comcast (CMCSA) were in the running in this category.
I don't have a big feel for either of these companies but I am going with Comcast as it looks to be a bit more dynamic and on the up than AT & T.
4. Mining Company = Glencore (GLNCY)
Glencore has a good portfolio of minerals including copper and nickel - both of which have an increasing demand from the burgeoning EV market.
It is also a UK based stock so I don't get any of the US taxes on dividends.
I already have a small position in Glencore that has been doing well so I will be adding to that.
5. Oil Company = China Petroleum & Chemical Corporation / Sinopec (SNP)
Buying into an oil company is a particularly challenging fit with my planet positive stategy but I invented this portfolio game so I have to follow my own rules !
However I have got a little 'planet positive' reassurance from these two recent articles...
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Chairman Of Oil Giant Sinopec Visits Nio Battery Swap Station
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Sinopec Throws Itself Into Hydrogen for China’s Green Car Goals
6. Retailer (Bricks & Mortar) = Walmart Inc (WMT)
Being in the UK I have never been to a Walmart and it is not a company that excites me, but it's the biggest and it's on the list so I will grab the shares and see how it goes.
7. Retailer (Online) = Amazon.com, Inc (AMZN)
Amazon is Amazon. I buy from them (often reluctantly) and I watch their movies.
Jeff Bezos is never going to be my BFF but we both started our companies within a few weeks of each other (1994) so I feel some connection :-)
8. Software Company = Microsoft Corporation (MSFT)
And likewise, Microsoft is Microsoft. I use their operating system and Skype occasionally although have recently swapped to Libre Office.
Bill Gates is never going to earn the nickname of 'Bitcoin Bill' but he is getting in to plant based burgers with Impossible Foods so he can't be all bad...
9. Social Network = Facebook (FB)
Like it or lump it Facebook is a major part of our social fabric.
I am not a partaker of Facebook unless someone sends me there for research, nor I am a Zuck hater. Live and let live.
Hopefully someday soon the crypto world will come up with a social platform more attractive for the masses...
10. Pharmaceutical Company = Johnson & Johnson (JNJ)
Although I live in the countryside I am not big on Pharmas (joke!).
Pharmaceuticals is not a sector I know a lot about but Johnson & Johnson is a household name with a good portfolio of consumer products as well as drugs and medicines.
It also has a slice of the Covid-19 vaccine action so that money tap could keep flowing for a few years yet.
This is my starting lineup for the 'World's Largest investment Portfolio'.
Monday 1 March is the kick-off day for the big buys.
I will be putting an equal spend into each of the 10 companies and reporting back every month on how the portfolio is doing.
If the market is still sliding on Monday I may split each buy over 4 weeks to do a little bit of dollar cost averaging. I need it all in by the end of the month to hit the tax free ISA deadlines.
This should be fun (and hopefully profitable).
If I have missed anything critically important about any of these companies feel free to SHOUT LOUDLY at me in the comments.
Thank you
Pennsif
[ graphic made by @pennsif ]
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