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 $17,770 into the account the total value of all positions plus any cash on hand is $17,988.26. That’s a total gain of 1.23%. The account is down $19.20 for the week which is a 0.11% 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 -1.12% which puts us 2.35% 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 stayed flat at $641!
Over the last week I received three dividends: $2.50 from $GABC (not reinvested since we are out of that position), $3.02 from $SMHB, and $2.73 from $SBUX (will be reinvested Monday).
Dividends received for 2023: $338.82
Portfolio’s Lifetime Dividends: $746.49
This week we did our weekly $10 buys into our ETFs of $SPY, $SCHD, and $XYLG. We added to our bond position in $AGG which we started a few weeks ago based of the rate pause idea written about here. We started a new position in $NSSC. They’re down roughly 40% this week due to an accounting error that oversized their earnings for the last three quarters by around $10M. Regardless of the misstep, the company has been one of the best operators and growers in their sector by a wide margin. Insider ownership is still high and institutions have hardly sold their positions after the error, both green flags. This dip seems like a great time to get in, in my opinion.
Lastly we have started a new turtle trend trade position in $URNM. We hit two units this week and hope to see the trend continue. If you want to learn more about the turtle trend strategy, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.
Below is a breakdown of the trades I made this week:
- August 21st, 2023
- Sprott Uranium Miners ETF ($URNM) – added 14 shares at $36.43, new turtle trend trade.
- ETRACS 2xMonthly Pay Levered Small Cap ETN ($SMHB) – dividend reinvested.
- August 22nd, 2023
- Sprott Uranium Miners ETF ($URNM) – added 8 shares at $37.47, turtle trade add.
- iShares Core US Aggregate Bond ETF ($AGG) – added 1 share at $95.30.
- Schwab US Dividend Equity ETF ($SCHD) – weekly $10 buy for 0.136892 shares.
- SPDR S&P 500 ETF ($SPY) – weekly $10 buy for 0.022815 shares.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – weekly $10 buy for 0.366972 shares.
- August 24th, 2023
- NAPCO ($NSSC) – added 3 shares at $22.70.
That is it for the update this week. Head on over to the market recap and outlook to prepare for the week ahead! Read it here.
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