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 $12,100 into the account the total value of all positions plus any cash on hand is $11,846.14. That’s a total loss of -2.1%. The account is down a measly $0.63 for the week which is a 0.01% loss.
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 -15.37% which puts us 13% 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 $60 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, the blue ones are positions that I reinvested dividends into, the yellow ones are positions that announced a dividend increase this week. I actually sold more than I bought this week, so those moves aren’t evident on the chart. Keep reading below to see those! These moves decreased my PADI by $38 to $492.
This week we received three dividends totaling $21.74: $0.27 from SPDR S&P 500 ETF ($SPY), $18.35 from AT&T ($T), and $3.12 from Global X S&P 500 Covered Call & Growth ETF($XYLG)
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: $321.71
Portfolio’s Lifetime Dividends: $344.63
Below is a breakdown of the trades I made this week and the reasoning behind them!
- October 31st, 2022 (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. As mentioned last week, I was looking to cut some positions and build up cash as I believe a better buying opportunity is coming in the short term. For those reasons I sold $MO, $HPQ, and trimmed $LMT. I sold $MO simply because I only liked it for the yield, I think the stock has potential for when marijuana becomes federally legalized, but for now the downside facing the tobacco market isn’t worth it for me. For $HPQ, I had a decent sized position that was mostly flat. There are other tech positions I’d rather invest in, so no harm in cutting this one. For $LMT, I was up by 48% last week, I just decided to trim some to capture some gains. All of these moves built me a cash position of $800 to deploy at better prices.)
- SPDR S&P 500 ETF ($SPY) – added $10 at $387.43 per share (weekly automatic buy) and dividend reinvested
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – added $10 at $25.55 per share (weekly automatic buy)
- Schwab US Dividend Equity ETF ($SCHD) – added $10 at $74.00 per share (weekly automatic buy)
- Altria ($MO) – sold position of 7.237581 shares at $46.14 per share (total loss of $4.91)
- HP ($HPQ) – sold position of 11 shares at $27.75 per share (total gain of $7.83)
- Lockheed ($LMT) – sold 0.25 shares at $486.12 (approximately a third of my gains, will re-add the 0.25 shares at a lower price).
- November 1st, 2022
- AT&T ($T) – dividend reinvested
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – dividend reinvested
- November 3rd, 2022 (decided to take an easy little day trade with my cash position, I was down bad on this trade until the flush at the end of the day. Could have bagged a $40 gain but I took my money out as soon as the window was there!)
- SPDR S&P 500 ETF ($SPY) – bought two 11/4 $370 puts with average price of $178, sold both contracts with an average price of $181 ($6 gain).
Next week I will continue to add $10 into each ETF ($SPY, $XYLG, and $SCHD) and will continue to hold onto the rest of my cash. I really want to deploy this cash position into $T, $CMCSA, and $INTC to build 100 share positions in them for covered call activities.
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!