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!
To date, I have invested $19,340 into the account. The total value of all positions plus any cash on hand is $19,943.77. That’s a total gain of 3.12%. The account is down $110.98 this week which is a -0.55% 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 -0.90% which puts us 4.03% higher than the market!
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 $679 to $680!
Over the last week I received no dividends
Dividends received for 2023: $484.27
Portfolio’s Lifetime Dividends: $894.68
I tried to build a dashboard of sorts for tracking income from dividends and option premium since I’m starting to try out option selling. Check out that other graphic below and let me know what kind of tracking you like better!
This week was a decent week. We sold off $APD, not because I dislike the company or their performance, but mostly because I want to try and consolidate my portfolio down to 10-13 holdings. $APD was such a small position, that it was pretty inconsequential to get rid of it. We also did our monthly $50 adds to our main ETFs, added some $NSSC after their well received earnings report, and continued to do some option selling. Below is a detailed breakdown of all trades this week:
- November 6th, 2023
- Marathon Digital ($MARA) – Closed $7.5 11/10 cash secured put for $0.05, a 37.5% win.
- Direxion Daily Semi Bull 3X ($SOXL) – Sold $16 11/10 cash secured put for $0.12.
- NAPCO ($NSSC) – Added 4 shares at $23.16.
- Air Product Chemicals ($APD) – Sold position at $290.01.
- November 8th, 2023
- Direxion Daily Semi Bull 3X ($SOXL) – Closed $16 11/10 cash secured put for $0.03, 75% win.
- November 9th, 2023
- Schwab US Dividend Equity ETF ($SCHD) – added $50 at $69.36.
- SPDR S&P 500 ETF ($SPY) – added $50 at $437.60.
- Siren DIVCON Leaders ETF ($LEAD) – added 1 share at $55.77.
- ETRACS 2x Levered US Small Cap ETN ($SMHB) – added 6.15 shares at $5.50
- SoFi Technologies ($SOFI) – Sold $6.5 11/17 cash secured put for $0.12.
That is it for the update this week. 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!
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!