$50 Per Pay Check Dividend Portfolio Update 8/4/19

On Thursday 8/1/19, I sent another $50 over to M1 Finance to buy additional shares of the 100 mostly randomly selected and mostly dividend growth stocks in the portfolio.

Some highlights: 

The overall portfolio value is $339.28 as of market close on 8/2/19. The account value is $343.48, which includes the cash balance.

The account's cash balance has increased to $4.20. I wonder how high it will go before it will be invested.

So far, with $350 sent to M1, I am down $6.52 or 1.8%.

Investing the $350 into the S&P 500 (the portfolio's benchmark) over the same period would result in a total holding value of $349.61 as of market close 8/2/19. The dividend portfolio is doing 1.752% worse than the S&P 500.

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
6/24/19	$200.00	$200.00	$200.00	0.681107	0.681107	$293.64	$200.00	0.000%
7/3/19	$50.00	$250.00	$252.22	0.167336	0.848443	$298.80	$253.51	-0.511%
7/18/19	$50.00	$300.00	$299.10	0.167320	1.015763	$298.83	$303.54	-1.463%
8/2/19	$50.00	$350.00	$343.48	0.170870	1.186633	$294.62	$349.61	-1.752%

The top five performing stocks in the portfolio are UPS, VOD, K, BUD, and EAT.

The five worst performing stocks in the portfolio are GT, ABBV, NUS, PFE, and CHA.

It is interesting how much more volatile the individual holdings are compared to the portfolio as a whole.

So far, the holdings have paid out $0.57 in dividends. M1's activity page finally shows this. I guess they made an update from last time I looked there. Nevertheless, the history only starts from the beginning of July, and the full dividend amount received doesn't match the activity page.  Oh the perils of the lean startup method where customers are your quality assurance and buy the product while it's still in development.