I transferred $50 to
M1 Finance on the morning of Wednesday 7/3/19 with the expectation that the
money would hit the account on Friday or Monday, but the transfer happened
seemingly instantly and one hundred trades were completed the same day during
the shortened pre-holiday market session.
That was unexpected.
Another thing I didn't foresee was that a portion of the $50 was not invested.
$2.66 remains in cash and will have to wait for the next $50 installment in two
weeks. The uninvested cash is probably the result of rounding and the target
percentage for each stock (roughly 1% of the portfolio).
Per the gains
section in the M1 account, the portfolio has also earned $0.14 in dividends
since it was started, which I assume is included in the cash balance. Either I
haven't figured out how to find it, or M1 doesn't provide this information, but
I don't know which stocks paid the dividends. Unlike other brokers, M1 doesn't
seem to include dividends in the account activity section. The account
statement, dated 6/28/19, shows nothing in the estimated income column. Maybe
it'll show up in the July statement.
Below is a table of
where the dividend portfolio is now. As we accumulate datapoints I will add
charts. I have debated whether to take the excess cash out of the portfolio
value, or account for it in the benchmark, but have decided that doing so would
add unnecessary complications as long as the excess cash balance stays low.
We'll see what happens in the coming months.
Date
|
Additional
Investment
|
Running
Total Investment
|
Dividend
Portfolio Account Value
|
Additional
Benchmark SPY Shares
|
Running
Total Benchmark SPY Shares
|
SPY
Closing Share Price
|
Benchmark
SPY Value
|
Dividend
Portfolio VS Benchmark
|
6/24/2019
|
$200.00
|
$200.00
|
$200.00
|
0.681107
|
0.681107
|
$293.64
|
$200.00
|
0.000%
|
7/3/2019
|
$50.00
|
$250.00
|
$252.22
|
0.167336
|
0.848443
|
$298.80
|
$253.51
|
-0.511%
|
