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 $18,470 into the account the total value of all positions plus any cash on hand is $18,672.90. That’s a total gain of 1.10%. The account is down $105.74 this week which is a -0.56% 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 down -3.76% which puts us 4.86% 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 from $641 to $621! The decrease is because of the sale of an ETF position which we will detail below.
Dividends
Over the last week I received three dividends: $8.43 from $SCHD, $4.19 from $XYLG, and $8.89 from $BAC. The dividend from $BAC will be automatically reinvested on Monday.
Dividends received for 2023: $409.86
Portfolio’s Lifetime Dividends: $820.26
Trades
This week we did our weekly $10 buys into our ETFs of $SPY, $SCHD, and $XYLG.
We started a new position in $EGP, an industrial REIT. I’m not the biggest fans of REITs, $O has put a bad taste in my mouth for them and the business structure of regular share issuances to raise capital for real estate is not accretive to capital appreciation. However, $EGP has shown some tremendous share price growth in its history, dividend growth as well. I am bullish on that and am also bullish on their targeted focus of smaller sized industrial real estate (most of their tenants are sub 100k sf) in sun belt states. Because of my day job, I am familiar with the industrial real estate market in Arizona, Nevada, and Texas. Those areas make up a large portion of $EGP’s portfolio, so I am quite comfortable with this new position and look forward to building it out.
We sold $RCRUY for a loss, mental stop loss was hit.
We sold out of our $XYLG position and swapped it for $LEAD. The reason for the sell of $XYLG is because covered call ETFs tend to underperform compared to its underlying equity. Even though the yield is nice, the capital depreciation you get over time makes underperform. So, I cut it and wanted to put those funds in a dividend growth ETF. I am not the biggest fan of the dividend growth ETFs that are out there ($VIG and $DGRO for example, maybe even $SCHD a little), because they over diversify and end up holding onto some bad stocks. I dug and found $LEAD, a dividend growth focused ETF with a much better system. I wrote a longer article about that position, click the link here. A comment also made within that article is that we will be switching to monthly $50 adds to the ETF positions instead of $10 weekly adds.
Lastly, we did some adds into $O and $NEE. $O was an opportunistic add under $50. $NEE got beat up this week because of the news with $NEP (a subsidiary they own 55% of) cutting their growth expectations. That growth cut shouldn’t affect $NEE in a large way, in fact, they reaffirmed their guidance for the years and analysts have been reaffirming their estimates and even added buy ratings.
Then, we had some dividend reinvestments and continue to monitor our turtle trade in $URNM which in has been flying higher this week! We are fully scaled in and have our stop set at $43.21, giving us a guaranteed 15% win so far. We continue to move the stop up as the 10-day low moves higher with the trend! If you want to learn more about the turtle trend strategy, I have published a full article on it which you can read here. The below table is a log of the trades taken under the strategy so far.
Below is a breakdown of the trades I made this week:
- September 25th, 2023
- East Group Properties Inc ($EGP) – added 2 shares at $169.9.
- September 26th, 2023
- Schwab US Dividend Equity ETF ($SCHD) – weekly $10 buy for 0.136537 shares and dividend reinvested.
- SPDR S&P 500 ETF ($SPY) – weekly $10 buy for 0.022655 shares.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – weekly $10 buy for 0.366032 shares.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – dividend reinvested.
- September 28th, 2023
- Recruit Holdings ($RCRUY) – sold full 50 share position at $6.09 for an 8% loss.
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – Sold full 39.2 share position at $26.71 for a 1% loss.
- Siren DIVCON Leaders Dividend ETF ($LEAD) – added 15 shares at $55.14.
- Realty Income ($O) – added 2 shares at $49.37.
- September 29th, 2023
- NextEra Energy ($NEE) – added 3 shares at $57.37.
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
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