Happy New Years and 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!
Portfolio Value
To date, I have invested $12,860 into the account the total value of all positions plus any cash on hand is $13,108.12. That’s a total gain of 1.69%. The account is up $305.39 for the week which is a 2.39% gain.
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 -12.58% which puts us 14.2% 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.
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, 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 PADI this week decreased from $465 to $486. This is mainly because of a drop in the yearly payout from $XYLG following their most recent dividend declaration.
Dividends
This week I received 1 dividend: $7.92 from $BBY
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 2023: $7.92
Portfolio’s Lifetime Dividends: $418.32
Trades
Wow what a crazy green week in the market. This week I executed my regular weekly buys in $SPY, $XYLG, and $SCHD. I also pulled trigger on getting my $T position to 100 shares in order to start selling covered calls.
Below is a breakdown of the trades I made this week:
- January 3rd, 2023
- SPDR S&P 500 ETF ($SPY) – added $10 at $379.71 per share (weekly buy)
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – added $10 at $25.08 per share (weekly buy)
- Schwab US Dividend Equity ETF ($SCHD) – added $10 at $75.18 per share (weekly buy)
- ProShares Ultra Short ($SDS) – Sold position of 7 shares at $45.58 (roughly 8% gain)
- AT&T ($T) – added 25 shares at $18.45
- AT&T ($T) – sold covered $20 call 1/20 for $3
- January 4th, 2023
- Microsoft ($MSFT) – added 0.2 shares at $227.65
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 if the market gets lower. I have started to slowly deploy that cash in case a bottom has already been hit, but only time will tell. I really want to deploy this cash position into $CMCSA, and $INTC to build 100 share positions in them for covered call activities.
Summary
That is it for the update this week. Cheers to an awesome year in 2022 of outperforming the market and cheers to a great 2023 with many buying opportunities!
Due to traveling this weekend, I did not have enough time to write a market recap to compliment this post. I will get back to the regular schedule going ahead. Is a real shame, because this last week was crazy!
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