Your Sunday Portfolio's Update
Guy Flynt: January 22th, 2023
Hi everyone! To be transparent, I will give weekly updates on Sunday of my main portfolio. If I have more time, I will give biweekly updates on my second portfolio, the “Funds For Fun” account. The main account is the Alex Dividend Growth Portfolio (ADGI). For this taxable account, I use the stock trading platform called Public (this is an affiliated link where I get a small kickback if you sign up with my referral code/link!). Public charges no fees to invest, you can choose to have your dividends to be in a reinvestment plan (DRIP) (this is very important and will likely be explained in another blog), the platform is simple and user-friendly, and you can buy fractional shares. I have enjoyed Public’s platform during this past year and will continue to use it in the future. The link above is an affiliated link sign up today and get a free slice of a popular stock between $3-300! This is my compounding machine in which I hope to reach financial independence by using dividend growth stocks to supplement my income.
Currently I am planning on investing $263 each week. This number will go back up once I am done financing my wedding!
The second portfolio is to act as a high-return savings account. For this taxable account, I use an M1 finance account (Sign up today and get $10 for free!). I will use this fund to help pay a down payment on a car or house, and any other future expenses. Instead of getting a 1-2% yield/return, I hope to get an 8-12% return.
You can check out this Googlesheets link to see which companies I invest in, which ETFs my finance invests in, my Roth 401 allocation, and my “Funds for Fun” portfolio that I am using to pay for future expenses. You can also check this website called Track Your Dividends (I am not a sponsor, but use and enjoy their product) to freely track the dividends of companies you invest in. You can create multiple portfolios, and see the future value, diversification, and next upcoming payment of your portfolio. This is the main website I use to track my annual income and the future value of my portfolio. Sign up for free and effort start to track your portfolio. This link will send you to my fiancée and I’s holdings, 401k, and Funds For Fun account to see what we invest in and dividend income.
In each update I will go over my current mindset, any buys or sells, reasons for why I bought or sold certain stocks, the future mindset of the stock market, and visual graphics of my DGI holdings.
Financial Disclaimer: I am not a Certified Financial Advisor (CFA), I am a meteorologist. The blog posts about investing are my opinions and for your entertainment purposes. They should not be considered financial advice. Investing in the stock market is risky and you can lose money. If you want to invest in the stock market, or have questions about how or where to invest, please seek a CFA.
Affiliate Link Disclaimer: Some of the links are affiliated links with Public and M1 Finance. As a member of their platform, I earn a small portion if you click the link and sign up with them. I enjoy these companies and would not recommend them to you if I did not believe in their mission and platform. Thank you!
Alex Dividend Growth Portfolio Updates
Current Mindset
The stock market was up and down this week; and I admit, I tried to time it. With the current market conditions, an earnings report, job layoffs, or even a whiff of bad news can rapidly change the market’s mood. On Wednesday, I was convinced the market would keep going down. The opposite happened. Netflix earnings were good, or good enough, and the stock market reversed with a short bull rally. The lesson to be learned is don’t time the market. Don’t chase the lowest low.
I still hold a large cash portion in my portfolio, but I did make a few buys this past week. I still plan to hold a large sum of cash just in case of any dips.
The Buys and Sells
The Buys
It was a busy week with multiple buys. The normal dollar cost average (DCA) in my portfolio occurred on Friday. However, there were more major buys last week. I bought $400 bucks in SCHD, $300 in DGRO, and $50 in Kroger (KR).
The Sells
No sells this week!
Why I bought and Sold
Why Did I Buy it?
The two ETFs, SCHD and DGRO, have been on my radar for quite some time. I bought both DGRO and SCHD for two reasons. The first reason being they were at a low enough point, that I wanted to buy in. The second was a hedge against earnings this week. There are several earning reports for many large-cap companies. Earnings do well, and the purchases were at a good time. Earnings do bad, well, I can use my large cash position to buy in at lower prices. Since the buy was a small position, I played it safe. Kroger had entered its lowest low in the last month, and I wanted to take advantage of the small dip!
Why Did I sell?
No sells!
Future Mindset of the Stock Market
No matter the market condition, I plan to DCA into my portfolio either on Wednesday, Thursday, or Friday. I have no idea what the stock market will do this week. As I’ve said, if the major large-cap companies have good earnings, the market will shift and run like a bull driving up the stock market. If the earnings are bad, the bear will scare off investors and the stock market will go down.
It is anyone’s guess, especially with the compounding factor that the federal bank will meet next week. I predict they will increase rates. Investors will take that and use it to drive up the market or drive down the market. The market feeds on greed and fear with no hubris.
Either way, I will be interested to see how it plays out!
Asset Allocation and Total Income
The cash portion in my portfolio has gotten smaller with purchases!
I expect the income to increase each week! Allocations have stayed the same and will continue so. Hope to reach $600 by the end of this year!
Happy Trading!
