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, plus some option writing on the side. 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.
Now onto the portfolio review for this week!
Portfolio Value
To date, I have invested $21,460 into the account. The total value of all positions plus any cash on hand is $25,059.02 (YAY $25K). That’s a total gain of 16.77%. The account is up $466.19 this week which is a gain of 1.9%. We contributed $90 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, just barely! Within that same timeframe, the S&P 500 is up 15.3%, which puts us 1.47% 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 decrease from $438.70 to $412.71!
Dividends
This week I received one dividend: $5.54 from $INTC
Dividends received/declared for 2024: $114.36
Portfolio’s Lifetime Dividends: $1,075.56
Trades
This was a great and easy week! The market ran and we flew higher with it! We had a dividend reinvested in Starbucks (missed this last week), swapped out one of our main ETF positions, and closed an option position for a nice win.
As you know, we hold three key ETFs: $SPY, $LEAD, and $SCHD. My goal with this portfolio is to outperform the market while also benefiting from dividend payments to grow my positions and compound my cashflows over time. $SCHD is THE staple dividend fund, however it really lacks the market in terms of performance. So I started looking around for an alternative. I came across $SPMO and decided to make the swap. As you can see below, $SPMO vastly outperformed the market over the last 7 years by a margin of almost 60%.
Additionally, $SPMO has a much better dividend growth rate at 25% for the last 5 years compared to $SCHD which achieved 13%. So not only does this swap appear to be beneficial for my long term capital appreciation, but I also aligns better with my long term goal of compounding dividends.
Below are the details of all the trades for the week:
- February 23rd, 2024
- Starbucks ($SBUX) – dividend reinvested
- February 27th, 2024
- Schwab US Dividend Equity ETF ($SCHD) – sold full ~17 share position at $77.43 for a roughly 4% gain
- Invesco S&P 500 Momentum ETF ($SPMO) – added 18 shares at $76.70
- February 29th, 2024
- SentinelOne ($S) – closed $27 3/1 put for $25, roughly 55% win
The options we still have open are $SNAP $12.5 3/8 at current price of $120 (9% gain) and two $TSLL $12 3/15 at a current price of $10 (23% win).
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! See you next week and stay safe!
Regards,
Dividend Dollars
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