Advice on my portfolio (Beginner investor)

[armino41]

Hey all,

Well to start briefly, I am 25 years old and recently developed an interest in investing. I have about 20k in savings which I would like to invest for long term returns +10 years.

I started by reading a few books including:

The intelligent investor.
One up on wall street.
common stocks and uncommon profits.

And to be completely honest, both Fisher's, and Graham's books seemed a bit too complicated.

I already bought a few stocks with 10k divided as follows:
AIG 20.27%
JNJ 18.81%
AGNC 16.57%
INVN 15.87%
MCD 11.62%
REGI 10.91%
GA 5.95%

And I want to invest the remaining money I have, although I am not sure how to proceed.

Any help or advice will be highly appreciated.

Thanks

[Petunia 100]

Hey all,

Well to start briefly, I am 25 years old and recently developed an interest in investing. I have about 20k in savings which I would like to invest for long term returns +10 years.

I started by reading a few books including:

The intelligent investor.
One up on wall street.
common stocks and uncommon profits.

And to be completely honest, both Fisher's, and Graham's books seemed a bit too complicated.

I already bought a few stocks with 10k divided as follows:
AIG 20.27%
JNJ 18.81%
AGNC 16.57%
INVN 15.87%
MCD 11.62%
REGI 10.91%
GA 5.95%

And I want to invest the remaining money I have, although I am not sure how to proceed.

Any help or advice will be highly appreciated.

Thanks

Is this money in a taxable account? Do you also save/invest inside tax-advantaged accounts? Do you have an adequate amount in cash to serve as an emergency fund?

My personal philosophy when it comes to investing is to choose an asset allocation first, then buy investments to flesh it out. I also avoid individual securities, instead investing in broad market index funds and ETFs.

[disneysteve]

I agree with Petunia. First make sure your basics are covered. Be debt free (or at least have a solid plan to repay any outstanding debt). Have a 6-month emergency fund. Be investing 15% for retirement in a well-diversified portfolio.

You said this money is for the long term so does that mean this is for retirement? If so, what type of account is it? A Roth IRA, a 401k, or something else?

[feh]

In addition to what's been stated above:

http://www.bogleheads.org/wiki/Getting_Started

I suggest you sell the stock of individual companies.