Welcome back to weekly Dividend Dollars portfolio review! You’ll notice this week that the economic review is not in this post! I have posted that separately here. Going forward those will continue to be posted individually so that it is easier to discern which articles contain which type of information.
Here at Dividend Dollars, our investing approach is a dividend growth strategy with aspects of value investing and fundamental analysis as well. I am a young investor in my 20’s, by sticking to this strategy over the long term, the magical powers of compounding are on my side. This allows me to more easily build substantial positions in dividend paying stocks over time, which will one day help me reach the ultimate goal of being financially free through the sources of passive income they provide. You can read more about the strategy here. Let’s dive into the portfolio review!
To date, I have invested $9,380 into the account, the total value of all positions plus any cash on hand is $9,250.27. That’s a total loss of 1.38%. The account is down $469.67 for the week which is a 4.83% loss. This is a huge loss for one week, but as we discussed in the market recap for this week (read that here), the markets had it worse this week with a 5.1% loss in the S&P and a 5.6% loss in the NASDAQ.
We started building this portfolio on 9/24/2021 and, even with this rough last week, when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -12.45% whereas our portfolio is down -1.38%! I love tracking my portfolio against a benchmark like the S&P. The above chart comes from Sharesight which makes portfolio and dividend management a breeze!
We added $160 in cash to the account this week. The stock purchases made with this will be broken out below.
Above is a dashboard of the portfolio that tracks annual dividend income, yield, beta, dividend growth, and more.
Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week. The positions that we added to increased our annual dividend income by $8 at a yield of 4.2%.
This week we received two dividends. $3.93 from Amgen ($AMGN) and $0.99 from Microsoft (MSFT).
In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. All dividends were reinvested.
Dividends received for 2022: $138.22
Portfolio’s Lifetime Dividends: $161.14
Below is a breakdown of my trades this week!
- June 6th
- ETRACS 2xMonthly Pay Levered US Small Cap ($SMHB) – added 0.5 shares at $10.42
- Best Buy ($BBY) – added 0.15 shares at $80.20
- June 7th
- Best Buy ($BBY) – added 0.2 shares at $78.20
- June 8th
- Altria ($MO) – added 0.25 shares at $50.92
- SCHD – added 0.128609 shares at $77.76 (recurring investment)
- XYLD – added 0.224346 shares at $44.57 (recurring investment)
- Amgen ($AMGN) – dividend reinvested at $245.61
- June 9th
- Best Buy ($BBY) – added 0.5 shares at $75.28
- June 10th
- Intel ($INTC) – added 1 share at $39.67
- ETRACS 2xMonthly Pay Levered US Small Cap ($SMHB) – added 0.2 shares at $9.40
Stocks I’ll be watching to add next week: Best Buy (BBY) and Altria ($MO). Both have ex-dividend dates early next week and both have good opportunities to DCA into before this next dividend payout. Aside from that, I’ll be watching my financial stocks like Bank of America ($BAC) and Ally Financial ($ALLY) for opportunities to DCA into as well. Particularly because that sector was hit the hardest last week. I expect these will have some more downside to buy into.
That is it for the update this week. Let’s kill it next week. Stay patient and be ready to buy income producing assets at a discount!
Read the last market review to educate yourself on the prior week to help build proper expectations for the week to come! This can help you make better buying decisions.
Let me know what you think of the progress so far, share with me your progress and questions, interact with me on twitter and Instagram using the links below!
Thank you for reading! See you next week and stay safe!