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 $20,320 into the account. The total value of all positions plus any cash on hand is $23,204.18. That’s a total gain of 14.19%. The account is down $216.01 this week which is a loss of 0.92%. 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 5.43%, which puts us 8.77% 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 $706.74 to $707.12!
Dividends
This week, I received two dividends: $9.86 from $BBY and $0.99 from $IBP
Dividends received for 2024: $10.85
Portfolio’s Lifetime Dividends: $991.72
Trades
This week was a relatively uneventful one for my portfolio. That is not to say, however, that it was an uneventful one for the market. Profit taking seemed to take hold this first week of the new years with all the major indices losing gains. I’m sitting on my hands because I think we could see a little bit more pain before I feel ready to deploy some capital.
We didn’t make many moves this week. We only received dividends, reinvested them, and monitored our open options.Below are the detailed trades:
- January 2nd, 2024
- Best Buy ($BBY) – dividend reinvested.
- Installed Building Products ($IBP) – dividend reinvested.
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
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