Welcome back to the weekly Dividend Dollars portfolio review, and a very special one at that! If you didn’t catch it last week, you’ll notice within the screenshot of my portfolio that the general structure has changed a little bit. I am starting to implement a new strategy! I am quite excited about the new direction of the portfolio, so read on to see what we’re doing!
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 $15,410 into the account the total value of all positions plus any cash on hand is $15,598.91. That’s a total gain of 1.23%. The account is down $255.86 for the week which is a 1.61% 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 -7.23% which puts us 8.45% 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 last 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 increases from $532 to $539.
Dividends
This week we received one dividend: $9.16 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. This dividend will be reinvested on Monday
Dividends received for 2023: $153.90
Portfolio’s Lifetime Dividends: $564.30
Trades
This week was the first week that we really followed the Turtle Trend strategy. Read last week’s portfolio update here to get a brief rundown of the strategy. Soon I will be posted a larger in-depth article of the strategy, its history and story, and how I have altered it a little bit to accommodate my portfolio.
Moves for this week included those trend strategy trades in ETFs and timely purchases in $BAC and $T after their earnings reports.
Full details for my trades are below:
- April 17th, 2023
- SPDR S&P Biotech ETF ($XBI) – added 5 shares at $81.96 (Trend trade)
- Invesco Solar ETF ($TAN) – added 5 shares at $78.94 (Trend trade)
- iShares US Broker Dealers & Securities Exchanges ETF ($IAI) – added 5 shares at $92.29 (Trend trade)
- April 18th, 2023
- Bank of America ($BAC) – added 2 shares at $30.20
- SPDR S&P Biotech ETF ($XBI) – sold 10 share position at $80.99 (Trend trade)
- Vanguard Financials ETF ($VFH) – added 8 shares at $80.34 (Trend trade)
- April 19th, 2023
- Vanguard Financials ETF ($VFH) – sold 16 share position at $80.98 (Trend trade)
- iShares US Broker Dealers & Securities Exchanges ETF ($IAI) – added 5 shares at $93.84 (Trend trade)
- April 20th, 2023
- iShares US Transportation ETF ($IYT) – added 2 shares at $230.72 (Trend trade)
- April 21st, 2023
- AT&T ($T) – added 3 shares at $17.89
Next week I will look to continue my weekly buys into $SPY, $SCHD, and $XYLG and watch for opportunistic adds as well as trend opportunities. I’ll be looking to add to my redder positions in $MMM, $BBY, $FIS, and $INTC to take advantage of the coming ex dividend date.
Summary
That is it for the update this week. Big week for DividendDollars!
The market recap and outlook will be posted later this week and provides tons of information on what macro statistics I look at to keep a temperature gauge on the market and inform my portfolio movements. Read last week’s here while you wait for the new one!
I will also work on finishing my write up on the trend following strategy to share with you, so stay tuned for that.
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