April Dividend Portfolio Update 2024 🔥 ✅
Buying a New Position! 📈 📊
At the time of writing this newsletter, my portfolio is down slightly from the month before, with an account value of $169,512.
The reason behind this is the S&P 500 was down a around 2.50% during the past month.
Now, what are the reasons behind the market falling?
Here are some things that have people concerned:
Rumors of recessions
Election year
Interest rates
Stocks close to all time highs
Inflation
All of these areas of concerns are fair-
But for the long term dividend growth investor, none of them should bother you.
Any fluctuation or decreases in share price are simply opportunities to buy more shares at better prices, and reinvest dividends at better prices.
Both of these will also increase your dividend income.
For example, in the past month I added an entirely new position to my portfolio.
The position I added was UnitedHealth Group. (Spreadsheet from Tickerdata)
From just a quick glance, it’s easy to see this is a quality company.
Growing revenue per share
Growing Free cash flow per share
Shares outstanding is declining
Low debt to assets ratio
Solid Return on invested capital
So despite it’s low starting yield of just around 1.5%, I believe this is the type of company that will help me achieve my long term goal of living off dividends.
If you want to hear more about why I bought this company, you can watch this video.
In the month of April, I received $301.29 in dividend income, and based off my historical monthly dividend income graph, it’s easy to see I’m trending in the right direction.
After adding some new capital to my portfolio and reinvesting dividends, my average monthly dividend income now sits at $445.09 and my expected yearly dividend income now sits at $5,341.07!
I’ve come a long way since I started my journey, and I’m really starting to see the dividend snowball takeoff.
When I first started investing, I was only contributing around $50 a month.
Now my portfolio on average automatically gets $445 reinvested right back into it!
This is a clear picture of the snowball effect.
During the past month, I added capital to the following positions:
Visa
UnitedHealth Group
VICI
SCHD
Starbucks
None of these were major contributions, other than UnitedHealth Group.
And as you probably know, Starbucks stock dropped 17.52% after a disappointing earnings report.
After this report, many people that own Starbucks began to panic. I posted a tweet on Starbucks that went viral on Twitter/X and seemed to resonate with many people. 👇
The reality is short term price volatility should not bother us as long term investors.
Yes, investment narratives can change. But before you ever panic sell a stock, first look to see if your original investment thesis has changed.
As for me, I’ll continue to hold my Starbucks stock.
When I look at my future portfolio outlook, it becomes incredibly easy to stay motivated. In just 5 years from now, I could be making around $16,837 in yearly dividends. And in 10 years, that could double to almost $35,000.
If you aren’t projecting and tracking your portfolio, you should be. This is what gets you on track and keeps you on track.
Tweet of the Week:
If you missed it..
I recently launched Tickerdata!
Tickerdata is a spreadsheet integration tool that gives you the ability to automatically pull in live stock data for over 70,000 different stocks, 30+ years of historical financial statement data, other key financial metrics, and it can pull in data from over 70+ stock exchanges all across the world, straight into your spreadsheet.
This is the tool I use to track my portfolio and analyze stocks.
You can access Tickerdata and download my spreadsheets here.
You can also subscribe to the Tickerdata YouTube here, where I post tutorials and even more stock analysis!
Lastly…
Every month, I send out a Newsletter to my paid newsletter subscribers that lists out the dividend stocks I believe to currently be undervalued.
I plan on sending out this months edition in the next day or two, so if you’d like to receive it and even gain access to last months, the you can become a paid member below. 👇
That’s all for now! Feel free to respond to this email and let me know of any thoughts you have!
See you next week!
Dividendology