Welcome back to the weekly Dividend Dollars portfolio review! 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 and 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 $9,990 into the account, the total value of all positions plus any cash on hand is $9,739.21. That’s a total loss of 2.51%. The account is down $115.45 for the week which is a 1.17% loss. Overall, for the month of June we were down about 4.5% whereas the S&P 500 fell 8.4%. Read our monthly market review here where we discussed the bear market and why dividend strategies do well in times of economic contractions.
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 -14.14% whereas our portfolio is down -2.51%! 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 $120 in cash to the account this week. The trades made this week 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 and the blue ones are positions that I reinvested dividends into. The positions that we added to increased our annual dividend income by $14 at a yield of 4.37%.
This week we received $7.57 from 3 dividends. $3.43 from Schwab US Dividend Equity ETF ($SCHD), $3.65 from Global X S&P 500 Covered Call ETF, and $0.49 from Coca-Cola ($KO).
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. The $BAC and $LMT dividends will be reinvested at market open.
Dividends received for 2022: $171.11
Portfolio’s Lifetime Dividends: $194.04
Below is a breakdown of my trades this week!
- June 21st
- June 27th
- AT&T ($T) – 1 share bought at $20.95
- Schwab US Dividend Equity ETF ($SCHD) – dividend reinvested
- June 28th
- Ally Financial ($ALLY) – 1 share bought at $35.41
- June 29th
- Best Buy ($BBY) – 0.5 shares bought at $66.86
- $SCHD – added 0.139324 shares at $71.78 (recurring investment)
- $XYLD – added 0.234224 shares at $42.69 (recurring investment)
- June 30th
- AT&T ($T) – 1 share bought at $20.90
- July 1st
- Texas Instruments ($TXN) – 0.075 shares bought at $147.73
This was sort of a slow week. Not too much movement or news to produce amazing buying opportunities, so I decided to buy down into Ally and Best Buy some. I also decided to buy down into AT&T and am looking to get that position to 100 shares to take advantage of selling covered calls to boost income. We are over half way there!
Next week I plan on keeping my eyes on AT&T, Comcast, and McCormick as their ex-dividend dates are next week and all three positions are ones that I can buy down 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 monthly market review to get a recap of the month and arm yourself with a strategy for your future buys!
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!