Assets top $1,000,000 mark

Yesterday was a big day for me, my portfolio crossed a very critical milestone, a milestone that I had set out to do when I was much younger. I am now still 30 years old, and will think about what I should do next in my life as a goal. I probably should make a very flashy post here, but I just feel the same. Nothing super exciting, nothing is remarkably different after becoming a millionaire. Everything feels the same, but there is a sense of security, and peace, and independence after hitting this milestone.

I had set out when I was 19 to earn my first million by the time I was 30. This led to a sequence of events that led me to the study of my area of expertise and then the industry where I am at now, and then my current profession, and then my financial decisions that I made in my life over the years.

It is the end of August. The end of the month pay checks came in, the dividend checks got added up, and the recent run up in the general indexes in the USA markets (especially the technology NASDAQ sector) has pushed my total net worth up to a bit over $1,000,000 USD.

To be precise, on the market close of 8/27/2020 eastern time, my portfolio in total sat at the following amount in US Dollars:

$1,000,528.01

Now, this value is on paper, it can move up and down, depending on market fluctuations. Usually in the past when I have hit a target like $100K, then $250K, then $500K, I will tend to continue surpassing it as I continuously invest more and more, even if the market dips. Even with the recent COVID19 outbreak (the largest dip I experienced so far), and past recession scares, I have propelled forward higher, eventually, by continuing my structured investment approach and not selling on panic, in fact I usually continue adding more and more during panics.

I have not invested in any real new opportunity because the markets continue to propel higher. I am content with just sitting on my existing positions. My total cash is now around $30,000 USD across various accounts. This provides a decent emergency fund or cash to buy additional positions if the market contracts 10-20%.

To be fair, a lot of the recent jump up in the last week is from the market capital appreciation upwards. Which may or may not last. I bought a lot at the fall and the bottom of the COVID19 scare, this helped boost capital appreciation for some positions in the last few months. 

Since prices are already very elevated after the Fed liquidity injection after COVID19, we are at valuation levels we have not seen for a while. The markets are inflated at the moment due to the high money supply and low yields, and it's being shadowed by the effects of the COVID19 on the worldwide economy. 

The S&P500 has crossed the previous all time highs in the last few days, and the NASDAQ has shot past previous tops to new levels, and technology companies have severely outperformed everything else. I do not own much technology stocks (besides MSFT) so I am lagging behind the NASDAQ, but I am content with my performance and dividend stability from my investment selections. I have picked what I understand and what I am comfortable with. I think it's good to be happy with what one has, profit is better than no profit, playing catch up and envy and comparing results to another person's never leads to a good ending.

Below I highlight the portfolio breakdown. Home Depot has crawled to #2. Visa is #1 still. Microsoft is growing very quickly and may top $30K soon. 

Name	Ticker	Sector	Value	Weight	Divies	Yield	SP Fin	VL Fin	VL Safety
Visa Inc	V	Financial	$57,170.88	5.71%	$325.10	0.5686%	AA-	A++	1
Home Depot Inc	HD	Discret	$42,560.14	4.25%	$884.73	2.0788%	A	A++	1
NextEra Energy Inc	NEE	Utilities	$42,241.06	4.22%	$848.21	2.0080%	A-	A+	1
Johnson & Johnson	JNJ	Health	$41,710.20	4.17%	$1,101.51	2.6409%	AAA	A++	1
Clorox Co	CLX	Staples	$40,402.98	4.04%	$776.24	1.9212%	A-	A	2
Altria Group Inc	MO	Staples	$37,129.23	3.71%	$2,851.52	7.6800%	BBB	B++	3
Philip Morris International Inc	PM	Staples	$34,250.58	3.42%	$2,003.66	5.8500%	A	B++	3
Mastercard Inc	MA	Financial	$33,828.15	3.38%	$152.04	0.4494%	A+	A++	1
PepsiCo	PEP	Staples	$33,672.48	3.37%	$995.09	2.9552%	A+	A++	1
Realty Income Corp	O	REIT	$33,186.14	3.32%	$1,484.62	4.4736%	A-	A	2
Air Products & Chemicals, Inc	APD	Materials	$30,542.75	3.05%	$559.21	1.8309%	A	A+	1
Microsoft Corporation	MSFT	Tech	$29,969.90	3.00%	$269.83	0.9003%	AAA	A++	1
McCormick & Company	MKC	Staples	$26,692.04	2.67%	$322.20	1.2071%	BBB	A+	1
Xcel Energy Inc	XEL	Utilities	$26,373.97	2.64%	$660.98	2.5062%	A-	A+	1
Kimberly-Clark	KMB	Staples	$25,871.16	2.59%	$708.89	2.7401%	A	A++	1
Becton Dickinson and Co	BDX	Health	$25,223.62	2.52%	$323.26	1.2816%	BBB	A++	1
Procter & Gamble Co	PG	Staples	$24,356.61	2.43%	$557.38	2.2884%	AA-	A++	1
Automatic Data Proc, Inc	ADP	Tech	$24,279.89	2.43%	$626.76	2.5814%	AA	A++	1
Abbott Laboratories	ABT	Health	$23,952.88	2.39%	$309.93	1.2939%	A-	A++	1
Illinois Tool Works Inc.	ITW	Industrial	$23,743.35	2.37%	$511.51	2.1543%	A+	A++	1
WEC Energy Group, Inc.	WEC	Utilities	$22,278.14	2.23%	$610.33	2.7396%	A-	A+	1
3M Co	MMM	Industrial	$21,286.48	2.13%	$762.83	3.5836%	A+	A++	1
Church & Dwight	CHD	Staples	$21,152.05	2.11%	$211.30	0.9990%	BBB+	A+	1
The Coca-Cola Co	KO	Staples	$20,870.91	2.09%	$709.69	3.4004%	A+	A++	1
Ross Stores Inc	ROST	Discret	$19,624.89	1.96%	$0.00	0.0000%	A-	A+	2
AT&T Inc	T	Telecom	$19,204.56	1.92%	$1,335.97	6.9565%	BBB	A++	1
Stryker Corporation	SYK	Health	$18,974.03	1.90%	$222.43	1.1723%	A-	A++	1
General Mills, Inc.	GIS	Staples	$18,319.78	1.83%	$554.89	3.0289%	BBB	A	1
General Dynamics Corporation	GD	Industrial	$16,430.29	1.64%	$474.24	2.8864%	A	A++	1
Colgate-Palmolive Co	CL	Staples	$16,243.71	1.62%	$361.61	2.2262%	AA-	A+	1
Starbucks Corporation	SBUX	Discret	$16,132.49	1.61%	$317.20	1.9662%	BBB+	A++	1
Dominion Energy, Inc.	D	Utilities	$13,588.55	1.36%	$655.04	4.8205%	BBB+	B++	2
TJX Companies Inc	TJX	Discret	$11,632.96	1.16%	$0.00	0.0000%	A+	A++	1
McDonald's Corporation	MCD	Discret	$11,297.17	1.13%	$266.20	2.3564%	BBB+	A++	1
Honeywell International Inc.	HON	Industrial	$11,277.59	1.13%	$244.59	2.1688%	A	A++	1
Medtronic plc	MDT	Health	$11,265.12	1.13%	$244.57	2.1711%	A	A++	1
Costco Wholesale Corporation	COST	Staples	$11,083.52	1.11%	$89.60	0.8084%	A+	A++	1
Misc	Type	………..	Partial Totals	Weight	Yr Dividends	Avg Yield	…..832	…..9	…..82
Equity	Stocks		$937,820.22	93.73%	$23,333.15	2.4880%
Investable	US Dollars		$30,367.79	3.04%
Toyota Vehicle	Depreciate		$15,300.00	1.53%
Miscellaneous	Assets		$17,040.00	1.70%	$85.00
.	..	…	Equity + Misc	Weight	…..2	…..	…..222	…22	…..223
Total			$1,000,528.01	100.00%	$23,418.15

Below are illustrations on the sector weightings and component weightings of my portfolio. Overall it is very diversified and any loss in one complete company will not severely hurt the dividend and portfolio value.

Since the $1M goal is now reached, after having set out on this journey many years ago, I will start thinking over the weekend what are my next goals.

-Young Dividend