Welcome back to the weekly Dividend Dollars portfolio review! This post 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 $16,930 into the account the total value of all positions plus any cash on hand is $17,178.00. That’s a total gain of 1.46%. The account is down $263.41 for the week which is a 1.51% loss. We added $120 in cash to the account this week, trades made will be broken out below.
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 -1.27% which puts us 2.73% higher than the market!
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 $16 to $588.
Over the last week I received one dividend: $9.62 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: $272.10
Portfolio’s Lifetime Dividends: $682.50
This week was a calm week. We took the opportunity to add in $BAC after they announced a dividend raise, did a small DCA into $SCHD, and initiated a new position in $GBAC. $GABC is a regional Bancorp in Kentucky and Indiana that has decent loan-to-deposit numbers and decent profitability. No concerns on their liquidity or net interest margin wise, but also isn’t a stand out performer. What really caught my attention is the track record of insider buys. Insiders a pumping money into the stock and its price is approaching a level where previous buys happened in the past. This is a speculative swing play and I’m looking for a bounce from these levels.
Our two open turtle trades ($XLC and $ZSL) are still in play as neither have hit their stops yet. $XLC continues to sit at near a $100 gain while $ZSL has struggled to keep up. If you’re interested in learning more about the turtle trading strategy that is built into my portfolio, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.
Below is a breakdown of the trades I made this week:
- July 6th, 2023
- Bank of America ($BAC) – added 2 shares at $28.28
- Schwab US Dividend Equity ETF ($SCHD) – added 0.5 shares at $71.70
- July 7th, 2023
- Best Buy ($BBY) – dividend reinvested
- German American Bank ($GABC) – added 10 shares at $27.10
That is it for the update this week. Check out this week’s Market recap and outlook to prepare for the week ahead!
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 as well as the other socials using the links below! I have also started a Twitch Channel called Games N Gains! Every Thursday at 6PM MST I go live to hang out, play games, and chat with y’all about stocks, charts, fundamentals, and anything else you like! I hope to see you in there!
Thank you for reading! See you next week and stay safe! Regards, Dividend Dollars