Trying to Learn - Tell me if this is the right strategy?
Please read thoroughly and give me a sound advice if I'm doing right or not?
I have diversified my portfolio among these:
MIIETF (Buying every 2 months)
MEBL
FFC
OGDC
ENGROH
LUCK
SYS
So let me explain what I was initially doing. I'm still learning, it's my 3rd month so please don't judge harshly, I honestly want to learn.
I'm currently investing 15k per month. It's the beginning and I'm new, so I want to grab a hold of how things work and what's the best strategy, so then I can increase my investment amount later on.
Initially, out of my 15k, I was investing 10k in buying stocks from these:
MEBL
FFC
OGDC
ENGROH
LUCK
SYS
The rest of 5k, I'd double it with the next month's remaining 5k, and would buy stocks of MIIETF. (Hence every two months)
So then I learned that I'm over-investing in stocks. Like, I was buying everything every month. And the commission fee in that scenario would also increase. If I'm buying 6 different stocks every month (even in small amounts), I pay that minimum fee 6 times.
So the alternative came up to me was buying 2 stocks in larger amounts. Rather than investing 1-2k in MEBL each month, I can buy 5k worth of stocks in alternate months. So this way I only have to pay the fee twice a month for 2 buys.
So what I'm currently doing is:
Month A: Buy MEBL + FFC (5k Each)
Save remaining 5k
Month B: Buy ENGROH + OGDC (5k each)
Save remaining 5k, buy MIIETF form 10k
Month C: Buy LUCK + SYS (5k each)
Save 5k
And the cycle repeats....
My question to all the experienced investors who've been in this game for too long: I want to know if this approach is good to follow or not? Am I right or should I change anything?
Also, the companies I've invested in, are they all good to go with?
My goal is long-term investment. Maybe around 10 years.
Help!