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 above to get a special offer only 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!
To date, I have invested $11,420 into the account the total value of all positions plus any cash on hand is $10,790.88. That’s a total loss of -5.59% The account is down $434.72 for the week which is a -3.87% 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 -13.07% whereas our portfolio is down -5.59%! 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 $320 in cash to the account this week, trades made 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 moves that we made over the last two weeks increased our annual dividend income by $19 at a yield of 4.64%.
This week we received $14.88 from four dividends: $8.16 from $MMM, $3.83 from $AY, $1.29 from $NEE, and $1.60 from $O
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: $252.85
Portfolio’s Lifetime Dividends: $275.77
Below is a breakdown of my trades this week! I did some moving money around this week by selling off $AFL and $LOW in order to start a position in $HQ. I decided that I didn’t know enough about $AFL’s business in order to feel comfortable holding onto it in the long term, even though I really like their fundamentals. I know that insurance companies are a safe haven for cash during tough times, I’ve had that position long enough to benefit off not being in the red that I felt that that cash would be more productive elsewhere. Plus, I have my $ATVI position which is a fairly riskless cash value holder right now while the Microsoft deal continues to progress.
I decided to sell my $LOW position because I imagine that their business may slow as the economy continues to tighten. People will start to become more conscious of their wallets and I already have enough consumer discretionary exposure through $SBUX and $BBY. For $BBY,I believe that electronics are more of a necessity to the average consumer than hardware products and $SBUX has shown an incredible ability of passing inflation/price increases on to their customers, thus those seem to be better holdings for me at this point.
That money is getting rolled into $HPQ because they have solid cash flows and look quite cheap at these levels. The dividend seems healthy going forward and has a good history of the growth. $HPQ is a large computer and printer maker, a market that is difficult to have huge growth in, but their bottom line is decent and gains steadily.
- September 12th
- $SCHD – added 0.134003 shares at $74.63 ($10 recurring investment)
- $SPY – added 0.024342 shares at $410.81 ($10 recurring investment)
- $XYLG – added 0.368323 shares at $27.15 ($10 recurring investment)
- 3M $MMM – dividend reinvested
- September 13th
- Intel $INTC – added 1 share at $29.97
- $SMHB Small Cap Levered Dividend ETF – added 0.05 shares at $8.40
- September 14th
- Altria $MO – added 0.5 shares at $41.74
- AT&T $T – added 1 share at $16.86
- September 15th
- Realty Income $O – dividend reinvested
- NextEra Energy $NEE – dividend reinvested
- Atlantica Sustainable Infrastructure $AY – dividend reinvested
- September 16th
- Cummings $CMI – added 1 share at $210.26
- Best Buy $BBY – added 0.15 shares at $71.80
- $SMHB Small Cap Levered Dividend ETF – added 0.35 shares at $8.20
- Aflac $AFL – sold 2.540268 shares at $59.11
- Lowe’s $LOW – sold 0.854547 shares at $189.87
- HP $HPQ – added 11 shares at $27.04
- AT&T $T – added 0.8 shares at 16.60
Next week I will continue to add $10 into each ETF ($SPY, $XYLG, and $SCHD) and will look at deploying the rest of the money either into $O or $BBY for the upcoming ex-dividend date or $INTC or $T at these oversold levels.
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!