Welcome back to the weekly Dividend Dollars portfolio review! This post is brought to you by Koyfin, a powerful analytical tool that I am proud to partner with. Their platform is entirely customizable for whatever investment data you want to look at. I wouldn’t use any other website to dive into a stock’s fundaments. Click the link above or picture below to get a special offer only for Dividend Dollar readers or go give my product review a read if you’re interested!
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 $18,035 into the account the total value of all positions plus any cash on hand is $18,729.99. That’s a total gain of 3.85%. The account is down $98.32 for the week which is a 0.52% loss. We added $145 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 0.05% which puts us 3.81% 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 from $649 to $654!
Over the last week I received two dividends: $5.25 from $CMI and $1.82 from $AGG
Dividends received for 2023: $357.19
Portfolio’s Lifetime Dividends: $767.59
This week we did our weekly $10 buys into our ETFs of $SPY, $SCHD, and $XYLG.
We added to out $LPLA position this week. MACD levels still indicate bullishness. The chart also shows a really nice inverse head and shoulders pattern with a neckline the $239 area. The neckline was broken, as the stock pushed higher to $242 on a really strong Friday showing! Great news for our position!
We added to our newer $IBL position on weakness this week and also hit our last scale into the $URNM turtle trade! We are now fully scaled in, and we just let it ride as high as it will take us without hitting the stop (10 day low or $38.27, whichever is higher)! If you want to learn more about the turtle trend strategy, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.
Below is a breakdown of the trades I made this week:
- September 5th, 2023
- Sprott Uranium Miners ETF ($URNM) – added 5 shares at $38.36, turtle trade final add!
- Schwab US Dividend Equity ETF ($SCHD) – weekly $10 buy for 0.134752 shares.
- SPDR S&P 500 ETF ($SPY) – weekly $10 buy for 0.022245 shares.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – weekly $10 buy for 0.3601 shares and dividend reinvested.
- September 6th, 2023
- Installed Building Products ($IBP) – added 1 share at $144.51.
- September 7th, 2023
- LPL Financial ($LPLA) – added 1 share at $236.38.
- Cummins ($CMI) – dividend reinvested.
That is it for the update this week. Also, moving forward, there will be no more market recap articles. I may still decide to write an outlook here or there, because those are actually beneficial in my opinion. But the recap articles were too tedious, time consuming, and didn’t provide that much benefit to me or my readers. Macro’s don’t truly affect forever hold companies that much. So I’m stepping away from those effects in order to have more time to study and learn more about stock picking and fundamental analysis so I can bring that content to you!
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!
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!