Boring purchase

I've interrupted a long period of inactivity with a very dull purchase.  Ho hum.  I wouldn't normally bother writing about it, but so far I've tracked every single buy and sell in this blog, so I may as well continue.

I'd been sitting on a load of cash in my investment account for two reasons:

• We're planning to build a kitchen extension, and I thought I might need the money for that.
• I didn't want to be fully invested in shares, because the market didn't look particularly cheap.

The first of these reasons is no longer relevant - I have enough savings elsewhere to cover the extension.  The second still applies, but I can park the money in short term bonds and earn a small return, rather than leaving it as cash and earning nothing.

So I've increased my holding of the iShares UK Corporate Bond 1-5 Year ETF (IS15) up to 25% of my portfolio.  It's now my second-biggest holding behind Berkshire Hathaway:

• BRK-B: 35.3%
• IS15.L: 25.1%
• TSCO.L: 18.4%
• NWBD.L: 14.2%
• BP.L:  7.0%