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 $13,250 into the account the total value of all positions plus any cash on hand is $13,694.30. That’s a total gain of 3.35%. The account is up $228.72 for the week which is a 1.70% 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 -8.64% which puts us 11.99% 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 $120 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 PADI this week decreased from $505 to $509. This is mainly because of a drop in the yearly payout from $XYLG following their most recent dividend declaration.
This week I received two dividends. $4.06 from ETRACS 2x Monthly Levered ETN and $4.10 from Comcast.
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: $23.04
Portfolio’s Lifetime Dividends: $433.44
This was a quite slow week for my portfolio. Except for the dip on Tuesday, the market rallied higher for most of the week. I’d much rather buy in more red weeks, so I did not spend too much time making buys. I executed our weekly ETF buys, reinvested all dividends, and did one opportunistic buy into $MSFT after their earnings.
Additionally, I sold a $T covered call going into the earnings, but second guessed it and closed it before the report. Boy am I glad I did! $T had a great earnings report and ran high enough to bring my position in the green for the first time since I began buying!
Below is a breakdown of the trades I made this week:
- January 23rd, 2023
- AT&T ($T) – sold $20.5 covered call 1/27 for $7 premium
- January 24th, 2023
- AT&T ($T) – bought to close $20.5 covered call at $8
- January 25th, 2023
- ETRACS 2x Monthly Pay Leveraged ATN – dividend reinvested
- Microsoft ($MSFT) – added 0.25 shares at $231.40
- January 27th, 2023
- SPDR S&P 500 ETF ($SPY) – added $10 at $406.47 per share (weekly buy)
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – added $10 at $26.42 per share (weekly buy)
- Schwab US Dividend Equity ETF ($SCHD) – added $10 at $76.38 per share (weekly buy)
Next week I will continue to add $10 into each ETF ($SPY, $XYLG, and $SCHD) and will continue to hold onto some 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. I will also be watching $T for opportunities to sell covered calls.
That is it for the update this week. The market recap and outlook for this wild week will be posted on Saturday, so make sure to have the site bookmarked or subscribe via email on the homepage!
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!