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Dividend Portfolio: 3/10/23 Weekly Update

Weekly update on a long-term dividend growth portfolio from a young investor to show you how I’m investing to reach financial independence! To date the portfolio is just below breakeven and is beating SPY by over 10% with annual dividend income of $583!

Welcome back to the weekly Dividend Dollars portfolio review! I apologize for missing an article last weekend! I was traveling for a wedding and did not have time to write. This article will catch us up and detail all the moves I’ve made in the past two weeks.

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 $14,170 into the account the total value of all positions plus any cash on hand is $13,752.36. That’s a total loss of 2.95%. The account is down $641.82 for the week which is a 4.46% 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 -13.3% which puts us 10.38% 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 $440 in cash to the account in the last two weeks, 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 increased from $507 to $583.

Dividends

These two weeks I received $22.50 from four dividends ($XYLG, $INTC, $CMI, and $MSFT).

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: $91.17

Portfolio’s Lifetime Dividends: $501.58 – WOOT WOOT $500 mark hit!

Trades

These two weeks weren’t too busy for me an account of my travels and then coming back home in midst of a major bank collapse! I deployed all of my stored cash and added even more for buys late this week in NYCB. The buy zone and the channel in the chart from two weeks ago was totally blown apart by the news in the banking sector. NYCB, BAC, and ALLY are my main bank holdings and are still safe investments in my opinion, I will be adding to them more in the coming weeks as the Silicon Valley Bank situation plays out.

I wrote about the happenings of the week in the Market Recap & Outlook, make sure to read that here and checkout out the full breakdown of my trades below:

  • February 21st, 2023
  • March 1st, 2023
    • New York Community Bank ($NYCB) – added 5 shares at $8.80
    • Global X S&P 500 Covered Call & Growth ETF ($XYLG) – $4.33 dividend reinvested
    • Intel ($INTC) – $12.20 dividend reinvested
  • March 2nd, 2023
    • New York Community Bank ($NYCB) – added 5 shares at $8.56
  • March 7th, 2023
    • New York Community Bank ($NYCB) – added 15 shares at $8.43
  • March 9th, 2023
    • New York Community Bank ($NYCB) – added 20 shares at $8.13
    • ETRACS 2xMonthly Pay Levered ETN ($SMHB) – added 10 shares at $6.63
    • Cummins ($CMI) – $3.75 dividend reinvested
    • Microsoft ($MSFT) – $2.22 dividend reinvested
  • March 10th, 2023
    • New York Community Bank ($NYCB) – added 50 shares at $7.52

Next week I will look to continue my weekly buys into $SPY, $SCHD, and $XYLG as I did not do those for the last two weeks. I will also look at adding to beaten down bank stocks even more, plus some other adds to my redder positions in $INTC and $MMM.

Summary

That is it for the update this week. The market recap and outlook is also posted and provides tons of information on what macro statistics I look to at to keep a temperature gauge on the market and inform my portfolio movements. Read that here!

Let me know what you think of the progress so far, share with me your progress and questions, interact with me on Twitter and CommonStock and other socials using the links below!

Thank you for reading! See you next week and stay safe!

Regards,

Dividend Dollars

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