Welcome back to the weekly Dividend Dollars portfolio review! This portfolio update is brought to you by Sharesight, a portfolio tracking tool that I am happy to partner with. Their platform makes tracking trading and dividend history, understanding your performance, and saving time a breeze. Click the link to get a special offer for Dividend Dollar readers!
Here at Dividend Dollars, our investing approach is a dividend growth strategy with aspects of value investing and fundamental analysis. 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!
Portfolio Value
To date, I have invested $10,680 into the account the total value of all positions plus any cash on hand is $10,802.60. That’s a total gain of 1.15%. The account is up $68.73 for the week which is a 0.64% gain.
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 -6.96% whereas our portfolio is up 1.15%! 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 $130 in cash to the account this week. The trades made this week will be broken out below
Portfolio
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 $8 at a yield of 4.36%.
Dividends
This week we received two dividends: $14.58 from AT&T ($T) and $0.89 from Lowe’s ($LOW)
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.
Dividends received for 2022: $213.30
Portfolio’s Lifetime Dividends: $236.22
Trades
Below is a breakdown of my trades this week!
- August 1st
- Intel ($INTC) – added 1 share at $37.12
- $SCHD – added 0.134524 shares at $74.34 ($10 recurring investment)
- $XYLD – added 0.22816 shares at $43.83 (recurring investment)
- $SPY – added 0.024397 shares at $409.89 ($10 recurring investment)
- AT&T ($T) – dividend reinvested
- August 2nd
- Intel ($INTC) – added 0.5 shares at $36.34
- August 3rd
- Stantec ($STN) – sold position (1 share at $47.64)
- Coca-Cola ($KO) – sold position (1.121897 shares at $63.86)
- McCormick ($MKC) – sold position (2.0199 shares at $88.18)
- Intel ($INTC) – added 2 shares at $36.46
- AT&T ($T) – added 3 shares at $18.43
- Comcast ($CMCSA) – added 2 shares at $38.38
- Lowe’s ($LOW) – dividend reinvested
- August 5th
- Toast ($TOST) – bought $25 worth at $16.28
- Twilio ($TWLO) – bought $25 worth at $84.23
- Toast ($TOST) – sold position at $16.33
- Twilio ($TWLO) – sold position at $84.90
If you follow me regularly, you know that this activity is not common for me! Selling off three positions on Wednesday and then taking two-day trades on Friday, what am I doin?! There is logic to the madness. With consumer staples doing a good job of preserving what little capital I had in $KO and $MKC, and also the little gain I could realize on $STN, I decided that there are better growth opportunities for me to put my money into such as $INTC, $CMCSA, and $T. With the market showing good strength these last few weeks, I decided it was better for me long term to liquidate those positions and put them elsewhere.
As for the day trades on Friday, I follow Puru Saxena on twitter and he always has some very insightful macro-economic opinions on the market. He invests heavily into tech growth stocks, $TOST and $TWLO are some of them. Many of his stocks had a killer week with some earnings reports and a strong market. I figured I could put a little bit of money into some of his other sleepier stocks which I put on for a small trade on Friday!
So that’s why you see the weird activity. To add to that, moving forward I will be investing a little less for the rest of the year. My goal when I started was to invest 10% of my pre-tax income per year and I surpassed that almost 8 months into my first year of investing. Life is now asking me to slow down. I have traveling, holidays, and birthdays to see to that my personal budget will need the cash. I’ll still be planning purchases and updating my portfolio regularly for you!
Summary
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!
Regards,
Dividend Dollars