Bi-Weekly Funds For Fun Update
Hi Everyone! To be transparent, I will share bi-weekly updates of my “Funds For Fun” portfolio account that I hold on M1 Finance. I treat this account as a super high total return savings account. I use an M1 finance account (Sign up today and get $10 for free!) because it is easy. I set up a draft rule that pulls in the amount of money that I want it to, what day, and the frequency. 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 Funds For Fun holdings.
Alex Funds For Fun Portfolio Updates
Current Mindset
Rain or shine, I am continuing to invest $100 into my M1 finance account every Tuesday. I am very happy with the current performance. It is up actually, which is insane with the current volatile market. Right now the portfolio is up +0.14%, I cannot complain. I am thrilled with each asset I currently own. Vanguard’s technology exchange-traded fund (ETF) (VGT) gives me exposure to all and the greatest technology companies like Apple and Microsoft! Schwab US Dividend Equity gives me exposure to top-paying dividend companies. Visa is a great compounding vehicle with a wide MOAT. This is also true with Starbucks, Amazon, Ulta Beauty, Texas Roadhouse, Dollar General, NVIDIA, and Berkshire Hathaway. All companies with wide MOATS and strong cash flow.
Asset Allocation and Total Income
Asset allocation is still the same. VGT has increased in equity with the recent market changes, the same as NVIDIA. Each week, the dividend income will increase. I hope to maybe get up to $100 by the end of the year!
