Welcome back to the weekly Dividend Dollars portfolio review!
This portfolio update 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!
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 $14,690 into the account the total value of all positions plus any cash on hand is $14,168.34. That’s a total loss of 3.55%. The account is up $179.80 for the week which is a 1.29% gain.
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 -12.09% which puts us 8.54% higher than the market! I love tracking my portfolio against a benchmark like the S&P. The above chart comes from Sharesight which makes portfolio and dividend management a breeze!
We added $520 in cash to the account last week, trades made will be broken out below.
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 $583 to $626.
This I received $13.38 from three dividends ($MMM, $NEE, and $O).
In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically.
Dividends received for 2023: $104.56
Portfolio’s Lifetime Dividends: $514.96
This was a busy week of buying into my financial stocks in the midst of all their cheap prices caused by the collapse of Silicon Valley Bank and Signature Bank. These collapses wiped out shareholder value in a matter of days and are the second and third largest US bank failures to date. Neither of these banks paid dividends and were not popular holdings amongst income investors. However, these events have caused bank investors to wonder if more dominoes may fall and if the banks they hold are sound. With that in mind, I’ve felt comfortable adding into my financial stocks heavily this week and will publish more writing on their liquidity, deposits, and balance sheet in general.
I wrote about the happenings of the week in the Market Recap & Outlook, make sure to read that here and checkout out the full breakdown of my trades below:
- March 13th, 2023
- New York Community Bank ($NYCB) – added 20 shares at $5.98
- ETRACS 2xMonthly Pay Levered ETN ($SMHB) – added 5 shares at $5.60
- Ally Financial ($ALLY) – added 2 shares at $22.77
- Bank of America ($BAC) – added 1 share at $29.41
- MMM ($3M) – dividend reinvested $9.30
- March 15th, 2023
- SPFR S&P 500 ETF ($SPY) – added 0.233416 shares at $384.72
- Schwab US Dividend Equity ETF ($SCHD) – added 0.5 shares at $70.30
- Global X S&P 500 Covered Call & Growth ETF ($XYLG) – added 1 share at $25.23
- ETRACS 2xMonthly Pay Levered ETN ($SMHB) – added 3 shares at $5.25
- Fidelity National Information ($FIS) – added 1 share at $50.55
- Realty Income ($O) – dividend reinvested $2.25
- NextEra Energy ($NEE) – dividend reinvested $1.43
- March 17th, 2023
- New York Community Bank ($NYCB) – added 10 shares at $6.47
- Ally Financial ($ALLY) – added 1 share at $22.29
- ETRACS 2xMonthly Pay Levered ETN ($SMHB) – added 3 shares at $5.00
Next week I will look to continue my weekly buys into $SPY, $SCHD, and $XYLG. I will also look at adding to beaten down bank stocks even more, plus some other adds to my redder positions.
That is it for the update this week. The market recap and outlook is also posted and provides tons of information on what macro statistics I look to at to keep a temperature gauge on the market and inform my portfolio movements. Read that here!
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 and other socials using the links below!
Thank you for reading! See you next week and stay safe!