Welcome back to the weekly Dividend Dollars portfolio review and Happy Holidays! 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 $20,150 into the account. The total value of all positions plus any cash on hand is $22,960.62. That’s a total gain of 13.95%. The account is up $145.06 this week which is a gain of 0.64%. We contributed $85 in cash to the account this week.
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 6.71%, which puts us 7.27% higher than the market! See the comparison in the dashboard below.
Portfolio
Above is a dashboard of the portfolio that tracks all positions, portfolio diversification, performance compared to the S&P 500, income from dividends and options, and projected dividend income. In the time I have been gone, my PADI has increased from $703.97 to $705.79!
Dividends
This week, I received two dividends: $8.60 from $SMHB and $0.80 from $NSSC
Dividends received for 2023: $548.43
Portfolio’s Lifetime Dividends: $958.83
Trades
This was quite a volatile week with a flash knife down in the market on Wednesday, but a bounce back during the rest of the week. The strength makes sense though. Macros seen like building permits, housing starts, mortgage rates, home sales, GDP, consumer spending, Core PCE, and consumer expectations all moved in positive directions.
We didn’t make a whole lot of moves this week. Though things ran higher, I felt compelled to sit on the sidelines and watch as holiday shenanigans kept me busy and a feeling of end-of-year optimism has me cautious in this market. But only for the short term. Below are the detailed trades:
- December 20th, 2023
- TSLA 1.5x Shares ($TSLL) – Sold to open one $12.73 1/19 cash secured put for $25.
- December 22nd, 2023
- ETRACS 2x Levered US Small Cap High Dividend ETN ($SMHB) – Dividend reinvested at $7.58.
That is it for the update. 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!
Thank you for reading! Have a great Holiday Weekend and lets end the year strong next week! See you soon 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!
