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.
Sorry about the delay in this post too! I spent many hours this week working on a new analysis post on Activision Blizzard ($ATVI) which is posted here and is also submitted to a CommonStock competition for $5,000 in prize money! I pay out of my pocket to run this website and spend lots of my personal time putting together my posts for your benefit, so if you want to help push some support and maybe some money my way, please go upvote and comment on my submission here. Let’s dive into the portfolio review!
To date, I have invested $10,230 into the account the total value of all positions plus any cash on hand is $9,963.15. That’s a total loss of 2.61%. The account is down $21.48 for the week which is a 0.22% loss.
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 -13.29% whereas our portfolio is down -2.61%! 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 $7 at a yield of 4.46%.
This week we received only one dividend: $4.85 from Altria $MO.
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 Coca-Cola dividend was actually received last Friday, but got reinvested on the following trading day.
Dividends received for 2022: $184.26
Portfolio’s Lifetime Dividends: $208.78
Below is a breakdown of my trades this week!
- July 11th
- ETRACS 2xMonthly Levered Small Cap ($SMHB) – 1 share bought at $7.87
- Stantec ($STN) – 1 share bought at $44.76
- July 12th
- Altria ($MO) – dividend reinvested
- July 13th
- SCHD – added 0.139763 shares at $71.55 (recurring investment)
- XYLD – added 0.232374 shares at $43.03 (recurring investment)
- July 14th
- Bank of America ($BAC) – 0.3 shares bought at $29.97
- 3M ($MMM) – 0.3 shares bought at $127.10
Not a huge week of buys for me. I started a new position in Stantec on Monday and then used the big down day on Thursday to add to some of biggest down positions.
Next week I plan on keeping my eyes on Lowe’s, Microsoft, and Intel for the reasons below:
- Lowe’s ($LOW) for its ex-date coming up on July 19th.
- I’ll be watching Microsoft for their earnings report coming out this week. Could provide a good buying opportunity if it isn’t received well.
- I’ll also be watching Intel to see how the stock price reacts to many of the big tech names having their earnings reports come out next week. May be another dip buying opportunity if it isn’t received well.
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 weekly market review to get a recap of the week and what economic events are coming in order to help 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!