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. I wrote a review of the product that you can read here if you’re interested in learning more! Click the link above or the picture below 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 $12,040 (huge milestone considering the fact that my goal was only to invest $6,000 per year) into the account the total value of all positions plus any cash on hand is $11,854.80. That’s a total loss of -1.54%. The account is up $540.88 for the week which is a 4.78% gain (this might be my best week yet)!
We started building this portfolio on 9/24/2021 and when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -12.44% which puts us almost 11% higher than the market! 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 $80 in cash to the account this week, my trades and thoughts behind them 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 blue ones are positions that I reinvested dividends into, the yellow ones are positions that announced a dividend increase this week. The buys this week increased our PADI $9 to $530.
This week we received one dividend. $3.26 from Comcast ($CMCSA).
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: $299.96
Portfolio’s Lifetime Dividends: $322.88
Below is a breakdown of the trades I made this week and the reasoning behind them!
- October 17th, 2022 – The weekly automatic buys are a crucial part of my portfolio. Building substantial positions in these ETFs help me build my diversity and cash flow in a tried-and-true simple method.
- SPDR S&P 500 ETF ($SPY) – added $10 at $376.75 per share (weekly automatic buy)
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – added $10 at $25.05 per share (weekly automatic buy)
- Schwab US Dividend Equity ETF ($SCHD) – added $10 at $71.02 per share (weekly automatic buy)
- October 26th, 2022 – Only a dividend reinvestment.
- Comcast ($CMCSA) – dividend off $3.26 reinvested
- October 27th, 2022 – Ally had a tough earnings call this day missing expected EPS by 65 cents. I took this moment to pick up another share.
- Ally Financial ($ALLY) – added 1 share at $27.01
- October 28th, 2022 – This day I did some reorganizing. I sold off my EA position on account of my already existing video game exposure with Activision and Microsoft. Depending on how the Activision/Microsoft deal goes, I may use those proceeds to reopen a position in EA. For now, those funds were rolled into some tech positions that I preferred to build up. This move also has me thinking about further restructures that may happen next week. I think I may sell off some positions that I’m not married to (like EA) with minor gains and consolidate those funds into main positions that I want to reach 100 shares (I’m thinking positions like $BAC, $INTC, $CMCSA, and $T.
- Electronic Arts ($EA) – sold position (1.00162) at $128.62 (total gain of $2.02)
- Comcast ($CMCSA) – added 1 share at $31.40
- Intel ($INTC) – added 4 shares at $28.90
- Realty Income ($0) – added 0.15 shares at $65.04
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 $MSFT and $INTC for the upcoming ex-dividend date and continue to play with the idea of consolidating positions.
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!