With an additional
$50 automatically sent to M1 Finance, $600 has been invested in the $50 per
paycheck dividend portfolio so far.
As of market close
on 10/11/19, the account value was $610.45, which included $3.44 in cash that
M1's algorithms were unable to invest. The same $600 invested in the Standard
and Poor's 500 index, as measured by the Vanguard ETF VOO (yes, I've changed the
benchmark from SPY), would be worth $605.48.
Since inception in
late June 2019, the portfolio has received $3.75 in dividends. The latest batch
came from GlaxoSmithKline, Community Bank System, Illinois Tool Works, China
Mobile, Johnson Controls, Kennedy-Wilson Holdings, South Jersey Industries, Prosperity
Bancshares, MDU Resources Group, Coca-Cola, Brown Forman, Wyndham Destinations,
and Public Service Enterprise Group.
Per M1, the
portfolio's dividend yield is 3.648%. I haven't found a good way to share the
portfolio's holdings, but you can explore with this link.
If you're looking at
the screenshot above and are wondering what the negative $0.01 dividend is from
China Mobile, that's a foreign tax payment. If you invest in foreign dividend
paying stocks, be sure to check if they have taxes automatically taken out. If
they do, you may want to lower the market yield by the tax rate to get a better
idea of what your actual dividend rate will be from the stock.
If you invest in
individual foreign stocks that have automatic withholdings from their
dividends, you may consider holding them in a regular, taxable account instead
of an IRA. That's because when you file your taxes, you can usually deduct or
get a credit for the foreign tax paid. Paying the foreign tax in your IRA
doesn't give you that option. (You may also consider the price appreciation
potential of the foreign stock. If you ever sell it at a profit, you won't pay
any capital gains taxes in an IRA, but you will in a taxable account. Investing
is always full of tradeoffs.)
Two weeks ago I
considered changing the portfolio benchmark from the State Street SPY ETF to
Vanguard's VOO because of the long lag between SPY going ex-dividend and
actually paying out the dividend. Since I had some time, I've switched the
benchmark to VOO for easier future recordkeeping.
Date
|
Additional Investment
|
Running Total Investment
|
Dividend Portfolio Account Value
|
Additional Benchmark VOO Shares
|
Running Total Benchmark VOO Shares
|
VOO Closing Share Price
|
Benchmark VOO Value
|
Dividend Portfolio VS Benchmark
|
Comment
|
6/24/19
|
$200.00
|
$200.00
|
$200.00
|
0.737844
|
0.737844
|
$271.06
|
$200.00
|
0.000%
|
|
7/2/19
|
$0.00
|
$200.00
|
$200.00
|
0.003756
|
0.741600
|
$272.23
|
$201.89
|
-0.934%
|
$1.0226
dividend received and reinvested into VOO
|
7/3/19
|
$50.00
|
$250.00
|
$252.22
|
0.182269
|
0.923869
|
$274.32
|
$253.44
|
-0.480%
|
|
7/18/19
|
$50.00
|
$300.00
|
$299.10
|
0.182202
|
1.106071
|
$274.42
|
$303.53
|
-1.459%
|
|
8/2/19
|
$50.00
|
$350.00
|
$343.48
|
0.186005
|
1.292076
|
$268.81
|
$347.32
|
-1.106%
|
|
8/16/19
|
$50.00
|
$400.00
|
$385.57
|
0.188523
|
1.480599
|
$265.22
|
$392.68
|
-1.812%
|
|
8/30/19
|
$0.00
|
$400.00
|
$389.89
|
0.000000
|
1.480599
|
$268.60
|
$397.69
|
-1.961%
|
Forgot
to transfer $50
|
9/3/19
|
$50.00
|
$450.00
|
$439.89
|
0.187189
|
1.667788
|
$267.11
|
$445.48
|
-1.255%
|
|
9/12/19
|
$50.00
|
$500.00
|
$514.39
|
0.180734
|
1.848522
|
$276.65
|
$511.39
|
0.586%
|
|
9/27/19
|
$50.00
|
$550.00
|
$563.02
|
0.180989
|
2.029511
|
$276.26
|
$560.67
|
0.419%
|
|
10/1/19
|
$0.00
|
$550.00
|
$548.87
|
0.009807
|
2.039318
|
$269.32
|
$549.23
|
-0.065%
|
$2.6412
dividend received and reinvested into VOO
|
10/10/19
|
$50.00
|
$600.00
|
$610.45
|
0.185653
|
2.224970
|
$272.13
|
$605.48
|
0.821%
|
No comments:
Post a Comment