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!
Portfolio Value
To date, I have invested $17,410 into the account the total value of all positions plus any cash on hand is $18,021.38. That’s a total gain of 3.51%. The account is down $458.42 for the week which is a 2.48% 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 up 0.51% which puts us 3.01% higher than the market!
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 $25 to $657.
Dividends
Over the last week I received three dividends: $1.69 from $SPY, $3.43 from $XYLG, and $31.95 from $T.
Dividends received for 2023: $323.97
Portfolio’s Lifetime Dividends: $734.37
Trades
This week we did our weekly $10 buys into our ETFs of $SPY, $SCHD, and $XYLG, had three dividend reinvestments, one turtle trade add, and one new use of cash in the portfolio. The use of cash is the new position in $AGG. As you read in my article yesterday, with futures expecting that the July rate hike was the last of the cycle, this benefits bond prices over the coming year or two. Therefore, I’ve elected to hold my cash in $AGG and will add and subtract to it as I normally manage my portfolio. Read that article here for more information on this macro-play.
Aside from that, our turtle trades are still alive. $XLC still has not hit its stop and $COPX is hovering right above its stop after pushing higher for an add early this week! If you’re interested in learning more about the turtle trading strategy that is built into my portfolio, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.
Below is a breakdown of the trades I made this week:
- July 31st, 2023
- Global X Copper Miners ETF ($COPX) – added 8 shares at $41.52, turtle trade unit 2 add.
- $SPY dividend reinvested.
- August 1st, 2023
- Schwab US Dividend Equity ETF ($SCHD) – weekly $10 buy for 0.132943 shares.
- SPDR S&P 500 ETF ($SPY) – weekly $10 buy for 0.021918.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – weekly $10 buy for 0.353481 shares.
- $T dividend reinvested.
- $XYLG dividend reinvested.
- August 2nd, 2023
- iShares Core US Aggregate Bond ETF ($AGG) – added 5 shares at $96.48.
Summary
That is it for the update this week. Also check out this week’s stock market review and outlook for next week! Lots of data and charts to go over!
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