My current portfolio consists of KO, GOOG, MSFT, BRK.B, JPM and AXP. I have spent the last year and a half contributing money to these monthly after getting my first big graduate role out of college. I contribute the same amount equally to all six shares and throw the occasional windfall I get towards whichever share has dipped. (MSFT and AXP got a bit of love this way recently).
It looks like I'm fortunately going to be promoted to a permanent role. This will come with a reasonable pay bump. It's this new extra cash I'm looking to think as to what to do.
Half of my thoughts say put the extra money towards the same shares monthly as I've been doing. The second half says pick two or three more shares and invest in those monthly alongside the others.
I don't know enough about in depth analysis, so I keep my stock picks simple. I base it off of some of the heavier weighted stocks in the S&P or Berkshire and look to see which have both big moats + relatively decent P/E ratios. Amazon, PepsiCo and McDonalds are three picks I'm thinking might be worthwhile additions to my monthly routine. But I'm interested to see people's thoughts on both my existing portfolio and my potential new picks. I'm open to advice on both fronts.
To address one comment that will likely come up. Yes, I would much prefer to put most or all of this money into an ETF like the S&P, given my portfolio is just a simplified and concentrated reflection of it. Unfortunately, ETFs are both complicated and disadvantaged from a tax perspective in Ireland hence I've chosen to go the individual stock route entirely for now.