Stocks are rarely sold in my portfolio. Once a position is bought, I just receive the dividend and reinvest it quickly. Cash when available in my bank account is deployed when it crosses a certain threshold (i.e. $15K) beyond what I deem a reasonable emergency fund. My condition for selling is mainly when the dividend is in jeopardy or when it's cut, examples in my past include KHC (a food company) and KMI (a pipeline company).
The overall portfolio is climbing steadily since the start of this year. My job assignment has changed in the last few weeks, and at the moment I no longer have to pay housing expenses as I am moving between multiple international sites and living in hotels or temporary locations. This helps increase my contributions quite significantly as all this after tax income is saved for dividend stocks (I used to live in California area which is expensive). Many will spend this extra money if they no longer have to pay for housing, but for me I will use this opportunity to increase my portfolio instead of buying a new car or toys.
The portfolio is going to break $700K soon. This progress comes with high percentage contribution from my salary, dividend reinvestment, saving money from no longer having to pay rent, and the market continuing to move higher. Right now my portfolio contributions are all directed to my taxable account. I no longer use my 401k account as the benefits are not so good now for me. And I want to be able to use my cash and dividend income freely whenever. Retirement age is too far away for me so I rather put all my wealth in taxable accounts.
Recent contributions in April have raised dividends up to $17.7K a year. This year I believe $20K+ is achievable which starts making me feel very independent. At that level, I am earning more than I earned doing minimum wage in college to pay tuition, food, and rent bills. With $20K+ (and growing 10% a year by itself), I no longer have pressure to keep my job or work on something I do not enjoy, just so I can get that paycheck. The freedom to have control of my decisions is what building this portfolio is all about.
Below is a breakdown of the portfolio. There are now many positions in the 5 figure category. Tobacco have lagged in performance for many months, as a result MO and PM are no longer in top spots in my portfolio. Visa is performing very well and is now #1, despite it being a low dividend yield. A large chunk of my Visa size is due to its own growth.
Name | Ticker | Sector | Value | Weight | Divies | Yield | S&P Fin | VL Fin | VL Safety |
Visa Inc | V | Financial | $37,004.42 | 5.46% | $231.05 | 0.6244% | A+ | A++ | 1 |
Johnson & Johnson | JNJ | Health | $36,225.70 | 5.34% | $948.32 | 2.6178% | AAA | A++ | 1 |
Altria Group Inc | MO | Staples | $33,989.42 | 5.01% | $2,000.48 | 5.8856% | BBB | B++ | 2 |
Philip Morris International Inc | PM | Staples | $32,777.51 | 4.83% | $1,769.03 | 5.3971% | A | B++ | 2 |
Home Depot Inc | HD | Discret | $29,352.62 | 4.33% | $776.42 | 2.6451% | A | A++ | 1 |
PepsiCo | PEP | Staples | $27,842.13 | 4.11% | $812.76 | 2.9192% | A | A++ | 1 |
NextEra Energy Inc | NEE | Utilities | $26,915.74 | 3.97% | $710.70 | 2.6405% | A- | A+ | 2 |
Becton Dickinson and Co | BDX | Health | $22,942.96 | 3.38% | $310.08 | 1.3515% | BBB | A++ | 1 |
Mastercard Inc | MA | Financial | $22,716.51 | 3.35% | $124.48 | 0.5480% | A | A++ | 1 |
Realty Income Corp | O | REIT | $21,509.37 | 3.17% | $851.21 | 3.9574% | A- | A | 2 |
3M Co | MMM | Industrial | $20,577.83 | 3.04% | $541.52 | 2.6316% | AA- | A++ | 1 |
Clorox Co | CLX | Staples | $20,090.69 | 2.96% | $502.66 | 2.5020% | A- | B++ | 2 |
Ross Stores Inc | ROST | Discret | $19,878.63 | 2.93% | $202.76 | 1.0200% | A- | A | 2 |
Air Products & Chemicals, Inc | APD | Materials | $19,843.20 | 2.93% | $464.78 | 2.3423% | A | A+ | 1 |
McCormick & Company | MKC | Staples | $19,162.63 | 2.83% | $283.01 | 1.4769% | BBB | A+ | 1 |
Xcel Energy Inc | XEL | Utilities | $18,034.26 | 2.66% | $534.30 | 2.9627% | A- | A+ | 1 |
Procter & Gamble Co | PG | Staples | $17,576.41 | 2.59% | $475.33 | 2.7044% | AA- | A++ | 1 |
Illinois Tool Works Inc. | ITW | Industrial | $16,906.18 | 2.49% | $427.11 | 2.5264% | A+ | A++ | 1 |
Kimberly-Clark | KMB | Staples | $16,309.03 | 2.41% | $543.85 | 3.3347% | A | A++ | 1 |
WEC Energy Group, Inc. | WEC | Utilities | $15,999.68 | 2.36% | $494.94 | 3.0935% | A- | A+ | 1 |
Automatic Data Proc, Inc | ADP | Tech | $15,812.01 | 2.33% | $307.60 | 1.9453% | AA | A++ | 1 |
AT&T Inc | T | Telecom | $14,758.60 | 2.18% | $939.98 | 6.3690% | BBB | A++ | 1 |
Church & Dwight | CHD | Staples | $14,325.42 | 2.11% | $176.96 | 1.2353% | BBB+ | A+ | 1 |
The Coca-Cola Co | KO | Staples | $13,539.67 | 2.00% | $456.27 | 3.3698% | AA- | A++ | 1 |
Colgate-Palmolive Co | CL | Staples | $12,786.08 | 1.89% | $317.12 | 2.4802% | AA- | A+ | 1 |
Stryker Corporation | SYK | Health | $12,159.85 | 1.79% | $140.31 | 1.1539% | A | A++ | 1 |
Microsoft Corporation | MSFT | Tech | $11,424.63 | 1.69% | $170.39 | 1.4914% | AAA | A++ | 1 |
TJX Companies Inc | TJX | Discret | $11,205.74 | 1.65% | $158.57 | 1.4151% | A+ | A++ | 1 |
Dominion Energy, Inc. | D | Utilities | $11,154.75 | 1.65% | $546.72 | 4.9012% | BBB+ | B++ | 2 |
Starbucks Corporation | SBUX | Discret | $10,922.91 | 1.61% | $206.80 | 1.8932% | A | A++ | 1 |
General Mills, Inc. | GIS | Staples | $8,697.52 | 1.28% | $329.60 | 3.7896% | BBB | A | 1 |
Abbott Laboratories | ABT | Health | $8,506.26 | 1.25% | $147.29 | 1.7316% | BBB | A++ | 1 |
Boeing Co | BA | Industrial | $8,361.54 | 1.23% | $180.84 | 2.1628% | A | A++ | 1 |
General Dynamics Corporation | GD | Industrial | $8,059.44 | 1.19% | $185.93 | 2.3070% | A+ | A++ | 1 |
Honeywell International Inc. | HON | Industrial | $8,055.00 | 1.19% | $156.28 | 1.9401% | A | A++ | 1 |
McDonald's Corporation | MCD | Discret | $7,737.21 | 1.14% | $184.19 | 2.3806% | BBB+ | A++ | 1 |
Medtronic plc | MDT | Health | $6,260.22 | 0.92% | $148.66 | 2.3747% | A | A++ | 1 |
Misc | Type | ……….. | Partial Totals | Weight | Yr Dividends | Avg Yield | …..832 | …..9 | …..82 |
Equity | Stocks | $659,421.75 | 97.26% | $17,758.32 | 2.6930% | ||||
Investable | US Dollars | $12,634.43 | 1.86% | ||||||
Miscellaneous | Assets | $5,961.00 | 0.88% | ||||||
. | .. | … | Equity + Misc | Weight | …..2 | ….. | …..222 | …22 | …..223 |
Total | $678,017.18 | 100.00% |
Congrats Young Dividend.
ReplyDeleteYoung Div -
ReplyDeleteThe Road to $20K and $1M is so clear and there... excited for you.
-Lanny
A solid month. Congrat!
ReplyDelete