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!
Portfolio Value
To date, I have invested $18,180 into the account the total value of all positions plus any cash on hand is $19,060.11. That’s a total gain of 4.84%. The account is up $187.91 for the week which is a 0.99% gain. 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 down -0.12% which puts us 4.96% 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 from $654 to $657!
Dividends
Over the last week I received four dividends: $12.47 from $MMM, $2.23 from $MSFT, $2.32 from $O, and $2.38 from $NEE. $O and $NEE were received on Friday and will be reinvested on Monday.
Dividends received for 2023: $376.60
Portfolio’s Lifetime Dividends: $787.00
Trades
This week we did our weekly $10 buys into our ETFs of $SPY, $SCHD, and $XYLG.
We added to our new position in $HLNE. I’ve did some more digging into the company since last month. Not enough to feel confident in a full position, but confident enough that I’d like to add! In addition to that, the price of the stock has been basing for over month since its last run up. Volatility is reaching a historical low, which typically precludes a push higher. Will be keeping my eye on this.
Aside from dividend reinvestments, that was our last move. We kept monitoring our turtle trade in $URNM which progressed amazingly this week and reached a 20% gain! We are fully scaled in and have our stop set at $38.75. Continue to move the stop up as the 10 day low moves higher with the trend! If you want to learn more about the turtle trend strategy, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.
Below is a breakdown of the trades I made this week:
- September 12th, 2023
- Schwab US Dividend Equity ETF ($SCHD) – weekly $10 buy for 0.135062 shares.
- SPDR S&P 500 ETF ($SPY) – weekly $10 buy for 0.022303 shares.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – weekly $10 buy for 0.36075 shares.
- Hamilton Lane Incorporated ($HLNE) – added 1 share at $92.56.
- 3M ($MMM) – dividend reinvested.
- September 14th, 2023
- Microsoft ($MSFT) – dividend reinvested.
Summary
That is it for the update this week. These weeks are my favorite. Very little moves to report, but all of the right positions are progressing and keeping us above the market’s performance! Looking forward to future.
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! Also, tune into the Games N Gains Twitch Stream every Thursday at 6PM MST. I play games, hang out, 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
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!