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 $12,770 into the account the total value of all positions plus any cash on hand is $12,593.26. That’s a total loss of 1.38%. The account is up $8.20 for the week which is a 0.06% gain. Pretty flat week.
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 -13.71% which puts us 12% 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, and the red are positions that I trimmed. Our moves this week increased my PADI by $9 to $491.
This week I received only 1 dividend for $2.21 from $SMHB.
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: $377.90
Portfolio’s Lifetime Dividends: $400.83
This week was mainly a DCA week was a slow one. I took the opportunity average down a little in AT&T and pick up some shares in Medtronic right before the ex-dividend date. Most other activity was my weekly buys in $SPY, $XYLG, and $SCHD as well as reinvesting dividends.
Below is a breakdown of the trades I made this week:
- December 19th, 2022
- SPDR S&P 500 ETF ($SPY) – added $10 at $383.54 per share (weekly buy)
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – added $10 at $25.30 per share (weekly buy)
- Schwab US Dividend Equity ETF ($SCHD) – added $10 at $75.14 per share (weekly buy)
- AT&T ($T) – added 2 shares at $18.13
- Medtronic ($MDT) – added 2 shares at $76.73
- December 20th, 2022
- Realty Income ($O) – added 1 share at $63.46
- December 21st, 2022
- ETRACS 2x Levered ETN ($SMHB) – dividend reinvested
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 help arm yourself with market knowledge! There’s tons to discuss with the latest FOMC meeting and economic data releases, so go give it a read!
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!