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!
To date, I have invested $15,530 into the account the total value of all positions plus any cash on hand is $15,725.46. That’s a total gain of 1.26%. The account is up $27.97 for the week which is a 0.18% 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 -6.42% which puts us 7.7% 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.
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 $539 to $557.
This week we received two dividends: $5.30 from $CMCSA and $1.51 from $SPY.
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. The $SPY dividend hit afterhours on Friday, so that will be invested automatically on Monday.
Dividends received for 2023: $160.72
Portfolio’s Lifetime Dividends: $571.12
This week was the first week that we really followed the Turtle Trend strategy. Soon I will be post a large in-depth article of the strategy, its history and story, and how I have altered it a little bit to accommodate my portfolio. This was a choppy week for the market which made finding trends difficult. I have added a new table below to show the performance of the strategy so far.
Aside from Turtle trades, we made a move from $FIS and $JKH simply based on better performance and financials but still is a position in the banking tech space. I much prefer this new hold over $JKH.
Full details for my trades are below:
- April 24th, 2023
- Fidelity National Information ($FIS) – sold 3.020708 share position at $56.17 (roughly $18 loss)
- Jack Henry & Associates – added 1 share at $160.08
- April 25th, 2023
- iShares US Transportation ETF ($IYT) – sold 2 share position at $220.86, trend trade stop hit ($19.72 loss)
- Investment Managers Series Trust II AXS Short Innovation Daily ETF ($SARK) – added 8 shares at $44.04, trend trade starter
- April 26th, 2023
- Invesco Solar ETF ($TAN) – sold 5 share position at $75.75, trend trade stop hit ($35.95 loss)
- iShares US Broker Dealers & Securities Exchanges ETF ($IAI) – sold 10 share position at $90.86, trend stop hit ($22.00 loss)
- Direxion Daily Small Cap Bear ETF ($TZA) – added 7 shares at $36.16, trend trade starter
- Investment Managers Series Trust II AXS Short Innovation Daily ETF ($SARK) – added 6 shares at $47.67, first add into trend trade
- Comcast ($CMCSA) – dividend reinvested
- April 27th, 2023
- The Communication Services Select Sector SPDR ($XLC) – added 10 shares at $59.45, trend trade starter
- Vanguard Mega Capp 300 Growth ETF ($MGK) – added 3 shares at $206.26, trend trade starter
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 and $BAC to take advantage of the coming ex-dividend dates estimated to come in the next month or two. I will also be keeping my eyes on $ATVI to see if it falls below my cost basis for a potential add. The stock lost substantial gains this week on account of the CMA blocking the transaction. Read my recap on the situation here.
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.
Thank you for reading! See you next week and stay safe!