Portfolio - Time to invest

Since September the markets have been very volatile, to say the least. Now seems a reasonable time to start the portfolio off. We will start with £100,000 and invest today £40,000 with the rested invested over the remainder of this year and next.
Why? Too many unknowns to be investing in the last month but now the capital markets problems have been addressed, well partly, it allows a portfolio to be start to be built. A recession is likely, whereas the credit markets ceasing to function is being addressed (although the press struggle to understand the difference).

From this point the only market timing will be buying shares when they match the criteria layed out in the first blog entry. I do think the various indexes will fall over the next 6 months, a recession in the uk is highly likely, the state of the economy and public finances were dire before any nationalisations and buying of banks.. (however this might seem like the deal of a lifetime in 10 years).

So below are the investments from the first £40,000. To recap, these are buy and hold investments and unlikely to be sold, but maybe if they become excessively overvalued.
The investments follow the value investing priciples and are in the main dividend paying stocks or funds that contain dividend paying stocks.

A brief reason for purchase is included below.


Euro exchange rate £1 = 1.25
Dollar exchange rate £1 = 1.75
Dividends LSE dividends will be received automatically into the portfolio as cash.
Overseas dividends to be added annually.

Company & Holding & Price & Amount Invested & Why
LSE
BATM Advanced 5,813 --- 42.25 --- £2,455.99 --- growth, strong b/sheet
BP 572 --- 446.75 --- £2,555.41 --- steady & yield
BT Group 1,712 --- 150.00 --- £2,568.00 --- steady & yield
GlaxoSmithKline 224 --- 1,118.00 --- £2,504.32 --- steady & yield
HSBC Infrastructure 2,212 --- 113.00 --- £2,499.56 --- steady & yield
Hargreaves Services 433 --- 577.50 --- £2,500.58 --- growth
National Grid 371 --- 678.00 --- £2,515.38 --- steady & yield

NYSE
Berkshire Hath Holdings 1 --- $4,002 --- $4,002.00 --- a virtual value fund
Cameco Corp. 57 --- $16.57 --- $4,258.49 --- nuclear industry growth
PAR
Areva Ci 6 --- €514.88 --- €3,089.28 --- nuclear industry growth
Veolia Environnement 120 --- €25.59 --- €3,070.80 --- water industry growth

Unit Trust
CF Junior Oils Trust 2,192 --- 113.86 --- £2,495.81 --- undervalued

Exchange Traded Fund
Ft Ise Water Index 243 --- $17.34 --- $4,214.59 --- water industry growth
Market Vectors-Nuclear 243 --- $17.70 --- $4,301.10 --- nuclear industry growth
Spdr S&P Bric 40 183 --- $16.94 --- $3,100.02 --- undervalued & growth

OEIC
Neptune Russia 1,552 --- 161.20 --- £2,501.82 --- Undervalued & growth


Totals £38,833.66
Profit/Loss -£107.12
Cash Balance £60,958.39