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 $17,530 into the account the total value of all positions plus any cash on hand is $18,203.87. That’s a total gain of 3.84%. The account is up $76.72 for the week which is a 0.42% gain. 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 0.19% which puts us 3.65% 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 decreased by $34 to $623, that’s due to sales of positions that have dropped off the chart below. So continue reading for the trade breakdown!
Dividends
Over the last week I received no dividends.
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, started a new macro-focused swing position on $RCRUY (read this special short article for the logic of this trade), added to $TXN, all turtle trade stops were hit, and we took gains on $GABC. $TXN was an add for me as the recent analyst bearishness seems overplayed. The stock received massive institutional buys last quarter, pushing institutional ownership to 84%. Also, the divergence in price and on-balance volume is a bullish indicator. All good reasons to build the position!
Aside from that, we are now out of the $XLC & $COPX turtle trades and will keep our eyes open for a new entry into something else next week! If you’re interested in learning more about the turtle trading strategy that is built into my portfolio, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.
Below is a breakdown of the trades I made this week:
- August 8th, 2023
- Global X Copper Miners ETF ($COPX) – sold 21 share position at 38.65 for a 5.6% loss, turtle trade stop hit for a loss.
- Schwab US Dividend Equity ETF ($SCHD) – weekly $10 buy for 0.134625 shares.
- SPDR S&P 500 ETF ($SPY) – weekly $10 buy for 0.022387 shares.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – weekly $10 buy for 0.35868 shares.
- August 9th, 2023
- German American Bank ($GABC) – sold 10 share position at $30.47 for a 12.4% gain.
- Recruit Holding CO. ($RCRUY) – added 50 shares at $6.65.
- August 10th, 2023
- Texas Instruments ($TXN) – added 1.535 shares at $168.88.
- August 11th, 2023
- Communication Services Sector ($SLC) – sold 23.037638 share position at $66.83 for 10.4% gain, turtle trade stop hit.
Summary
That is it for the update this week. Go check out the weekly 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