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 $17,650 into the account the total value of all positions plus any cash on hand is $17,888.25. That’s a total gain of 1.35%. The account is down $437.86 for the week which is a 2.39% 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 -1.93% which puts us 3.27% 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 by $18 to $641!
Dividends
Over the last week I received three dividends: $2.42 from $APD, $2.31 from $O, and $1.88 from $TXN
Dividends received for 2023: $330.58
Portfolio’s Lifetime Dividends: $740.98
Trades
This week we did our weekly $10 buys into our ETFs of $SPY, $SCHD, and $XYLG, made some buys into new positions and existing ones, and closed a position! We averaged down a little bit into $BAC, $MMM, and $NEE. All three have approaching ex dividend dates that I wanted to build into. We also did an add to $AGG, our bond position we started a few weeks ago based of the rate pause idea written about here. We also sold out of our $JKHY position this week on account of the large drop in price following their earnings report. Got out at just under breakeven, not too worried about it as it was a short-term play for banking exposure which we got a win on with $GABC last week. Lastly, we added new positions in $HLNE and $IBP. Both stocks have experienced some wild growth, and their companies continue to grow capital, put that capital to use, and pay out conservative dividends. These are potentially great long term holds, I am just starting small here so I have time to analyze the companies before making it a full position.
Aside from that, I have been scouring the market for Turtle Trades but did not find one this week, we will try again next week! If you’re interested in learning more about the turtle trading strategy that is built into my portfolio, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.
Below is a breakdown of the trades I made this week:
- August 14th, 2023
- Air Products & Chemicals ($APD) – dividend reinvested.
- August 15th, 2023
- Bank of America ($BAC) – added 3 shares at $29.98
- Schwab US Dividend Equity ETF ($SCHD) – weekly $10 buy for 0.13574 shares.
- SPDR S&P 500 ETF ($SPY) – weekly $10 buy for 0.022517 shares.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – weekly $10 buy for 0.36049 shares.
- Texas Instruments ($TXN) – dividend reinvested.
- Realty Income ($O) – dividend reinvested.
- August 16th, 2023
- Jack Henry & Associates ($JKHY) – sold whole position at $156.03 for a 0.12% loss.
- NextEra Energy ($NEE) – added 2 shares at $67.92.
- August 17th, 2023
- iShares Core US Aggregate Bond ETF ($AGG) – added 1 share at $95.30.
- 3M ($MMM) – added 1 share at $102.59.
- August 18th , 2023
- Installed Building Products ($IBP) – added 1 share at $145.65.
- Hamilton Lane ($HLNE) – added 1 share at $91.39.
Summary
That is it for the update this week. Head on over to the weekly market outlook and recap here to prepare for next week!
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