HomeInvestmentsQuarter 1 2019 Dividend Growth Portfolio Review

Quarter 1 2019 Dividend Growth Portfolio Review

A back of the mind g709oal of mine has always been to build my dividend growth portfolio into something bigger.  My long term goal would be to one day wake up and find that the account is something significant enough to actually throw off enough income to support at least a part of my lifestyle.  Right now, that feels like it is light years away, but maybe it can be done.  If I have any chance to get it there, it only helps me to share updates about it here, my personal finance blog.  I used to do monthly updates but I found them to be too tedious and stressful to keep up when I had trades go against me.  Instead of just trudging through them I found myself just not updating the spreadsheet, which is obviously not the right attitude given my long term goal.  Since my 2019 Goal and Objectives included getting back to basics it’s time to start sharing what I have tracking.  As such, I have decided to start sharing my quarterly investment activities and results. Much like my net worth posts, these are probably more for me than they are for others.

Quarter One 2019 Investment Activity

While this is one account there are really two components.  The first has to do with the true nature of the account, dividends, which would include my monthly purchases as well the actual dividends received (and reinvested).  The second would be my naked put and other option activity.

My Q1-2019 Dividend Activity

I created three dividend growth undervalued screens and purchases in Q1:

  1. January 2019 Dividend Screen – Added to Target position
  2. February 2019 Dividend Screen – Initiated a new position in AROW
  3. March 2019 Dividend Screen  – Initiated a new position in CTBI

I received $287 in dividends this quarter which is some nice growth over Q12018’s $214.

Dividend Income by Quarter

It is kind of frustrating seeing the flatness of the trend line.  While taking off from the “seriousness” of the account for a few years hurt my trajectory, I know I sold positions from 2013, and 2014 and used that cash elsewhere that would be worth (much) more today.  Such as life, the important thing for me is to get back to the basics.

My Q1-2019 Options Activity

I am not entirely sure how to share this information in a way to show growth/retraction.  I think for right now it would be to break everything down into certain categories while tracking the entire number which was about +$2,040 for the quarter:

  • Speculative bets not otherwise categorized – ($330)
    • Pretty pissed at myself with one particular trade in here $ANGI.  I bought calls thinking the stock was going to go up…and it did! But I didn’t close out the contract for the profit, thinking that it was going to continue to rise…and it didn’t!  It ended up expiring worthless for $260 which is most of that loss.
    • Selling assigned Stock
  • Covered Calls – $115
    • Currently, I have two rather large positions relative to the size of the portfolio in $LB and $BUD. As I collect dividends on both stocks I have continue to sell covered call at or above my basis.
  • Selling of Assigned Stocks- ($630)
    • Finally just got rid of my Lending Club Stock.  I was paying margin interest on it (albeit a tiny, tiny amount) and I couldn’t sell covered calls and I wasn’t receiving a dividend to offset any of it and I just didn’t believe in the company.  Bit the bullet and took a tiny L on this one.
  • Naked Puts – $2,890
    • Clear old rolling puts – I had some legacy puts that I have been rolling for a LONG, LONG time in WYNN.  I am pretty proud of myself that I was able to manage the rolls in a responsible, and as important, profitable way.  I have one contract left that I should be able to get out of sooner than later but that will provide another nice little bump in Q2 or Q3.
    • Normal (30 to 45 day naked puts) – in the future it is my hope that the naked puts pays for purchases of dividend paying stocks and some speculative bets.

It is weird to see $2,890 in the first report, because that is not supposed to be the norm (or not at least until the portfolio gets larger).  Most of that gain is from one trade – a cleared WYNN put that went the wrong way on me then I was able to fix that netted $2,300 of that (to offset the $2k+ loss I sustained in Q4 of 2018).  It may seem complicated but it isn’t, it is from rolling naked puts.

I am going to be excited to look back on these reports and maybe learn what I am good at and what I am not good at.



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