My August Returns Are In!... And The Good Trend Continues
In August, I opened two new positions in $NET and $PCOR. I added to three times to $MKL , $TYL, $MCD, and $WM as part of my 401k DCA and added to no other positions. Another relatively quiet month. I also added to $JPM, $AAPL, $SBNY, $COST, $O, and $SBUX via DRIP. I exited $MTCH and sold 32% of my shares in $BMBL.
My retirement portfolio was down 2.54% in August but that was less than my benchmark SPY portfolio (down 4.41%) and benchmark QQQ portfolio (4.51%). I'm now down 37.40% YTD compared to my SPY benchmark at 16.52% and QQQ benchmark at 21.72%.
My best performing retirement positions YTD:
My best performing retirement positions in August:
My top 10 positions now make up ~35% of my portfolio. The top 6 remain in the same order of $MELI, $AAPL, $AMZN, $F, $GOOGL, and $SHOP. $SWAV jumped up from 9th to 7th after a great month with great earnings with $NVEE, $SIVB, and $COST rounding out the top 10.
Looking forward to September, I'm contemplating exiting my $SQ position. I'm turned off by Jack's comments and his insistence on $BTC.X being the be all and end all. I don't mind the crypto exposure but the Bitcoin only hardline is narrow-minded in my opinion. If you made me czar, I'd actually just have Square exit their crypto entirely and focus on what they're good at.
I'm also considering exiting $MMM in my 401k and replacing it with one of $ABBV, $BEP, $DEA, $HSY, $MKC, $MTN, $TGT, $TROX, $UNP, or $UPS but I need to research them first before deciding.
In August, I only added to $DT. No positions in this brokerage pay a dividend so there was no DRIP and I did not exit any positions.
My taxable portfolio had a second great bounce back month, up 9.56% after being up 13/67% in July. My benchmark SPY portfolio was down 3.64% and my benchmark QQQ portfolio was down 4.18%. I'm now down 30.15% YTD compared to my SPY benchmark at 14.84% and QQQ benchmark at 21.43%.
My best performing taxable positions YTD:
- $TMDX is up 172% YTD for me. Wowsers.
- $MSP with a 39.49% return YTD - RIP as is had such a great return because it was acquired.
- That's it. None of my other 14 positions are positive. Whomp whomp.
My best performing taxable positions in August:
My top 10 positions continue to make up ~90% of my portfolio as I only have 14 positions in this brokerage. The top 10 remains basically the same with $SNOW, $TMDX, $ATZAF, $SILK, $DT, $LMND, $NCNO, $CPNG, $OM, and $BIGC.
Looking forward to September, I already added to $ATZAF as my monthly add. I don't expect to make any other moves but we shall see.
Dividend Portfolio Update
As you may know, I write many updates, economic analysis, and opinion pieces on my website, you can read my most recent full portfolio update here. However, it's been a while since I've shared an update on Commonstock so let's do one!
To date, I have invested $10,550 into the account the total value of all positions plus any cash on hand is $10,615.85. That’s a total gain of 0.62%. The account is up $241.52 for the week which is a 2.33% gain.
We started building this portfolio on 9/24/2021 and, even with this rough last week, when compared to the S&P 500 we are outperforming the market so far! Within that same timeframe, the S&P 500 is down -7.3% whereas our portfolio is up 0.62%! I love tracking my portfolio against a benchmark like the S&P. The above chart comes from Sharesight which makes portfolio and dividend management a breeze!
We added $200 in cash to the account this week. The trades made this week will be broken out below
Below is a table of everything we are invested in so far. There you can see my number of shares, shares bought through dividend reinvestments, average cost, gains, and more. The tickers in green are positions that I bought shares in this week and the blue ones are positions that I reinvested dividends into. The positions that we added to increased our annual dividend income by $11 at a yield of 4.45%.
This week we received three dividends: $0.74 from McCormick ($MKC), $4.24 from Global X S&P 500 Covered Call ETF ($XYLD), and $2.03 from Comcast ($CMCSA).
In my portfolio, all positions have dividend reinvestment enabled. I don’t hold onto the dividend, I don’t try to time the reinvestment, I just let my broker do it automatically. The Coca-Cola dividend was actually received last Friday, but got reinvested on the following trading day.
Dividends received for 2022: $197.83
Portfolio’s Lifetime Dividends: $220.75
Below is a breakdown of my trades this week!
- McCormick ($MKC) – dividend reinvested
- ETRACS 2x Levered ETF ($SMHB) – added 1 share at $8.78
- Ecolab ($ECL) – sold 0.2 shares at $160.10
- $SCHD – added 0.13775 shares at $72.60 (recurring investment)
- $XYLD – added 0.230044 shares at $43.47 (recurring investment)
- Comcast ($CMCSA) – dividend reinvested
- Comcast ($CMCSA) – added 1 share at $39.26
- Intel ($INTC) – added 1 share at $39.76
- Ally ($ALLY) – added 0.25 shares at $32.28
- Comcast ($CMCSA) – added 1 share at $37.92
- Intel ($INTC) – added 1 share at $35.42
- Ally ($ALLY) – added 0.35 shares at $32.89
This week I mostly focused on $INTC and $CMCSA as I indicated in the last portfolio review. Both had some rough earnings misses which gave some good buying opportunities. I’m not too concerned about $CMCSA’s earnings, most segments of the business performed as expected, however economic contractions affected the business more than anticipated. $INTC is a different story. Though they were also affected by the economy, revenues were way lower than expected and guidance was not peachy at all. This poor performance was to be expected while they build out the foundry business, but the severity of it was not. I’m still bullish on the long term for both, hence the buys at the end of the week.
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JOLTS, Consumer Confidence: Daily Contrarian, March 29
Good morning contrarians! Stock futures are up a bit after another day of gains which saw tech stocks continue their rebound. The Nasdaq was up 1.3% yesterday to lead major indexes in the U.S.
As of 0630, small caps are leading things with the Russell 2000 up 0.7%. Dow Industrials, S&P 500, and Nasdaq are up about 0.3%. European indexes are seeing strong gains with the CAC in Paris up 2%.
Bonds are continuing to sell off, with the yield on the 2-year up 4 basis points to 2.43%. The 10-year yield is up 3bps to 2.51%.
The bounce in small caps and continued selling in bonds tells us today could be another day of risk-on. This would be the fourth straight day of gains for the S&P.
You may be hearing about yield curve inversion. The 5-year yield rose past the 30-year yesterday, the first time this has happened since 2006. But a lot of that is just media angling for attention as the 2-year/10-year spread remains the more important metric. That spread is narrowing but is not yet inverted.
JOLTS and consumer confidence at 1000. Case/Shiller home prices at 0900. $MKC reports before the open at 0930. $LULU, $CHWY, $MU, and $RH after the close at 1600.
Don’t forget about Russia-Ukraine too. Meetings between the two sides start today in Turkey, but it’s been awhile since the conflict moved markets.
What to watch for the week of 3/28/22
Hey everyone! I just discovered this platform and I’m excited to be here. Seems pretty intuitive but still trying to get acclimated. Here is a small list I put together of a few of the most highly anticipated scheduled news events. Hopefully it can help you navigate your investing and trading decisions in the market. Save this image for your reference, upvote it, follow me, and be sure to check the link in my bio for other helpful infographics like this. Best of luck to us all this week.
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More detailed information to look out for below ⬇️
- 🗂 Nonfarm Payrolls report for March could help markets get a sense of whether the Fed's roadmap for rate hikes is too aggressive or not aggressive enough. Economists are expecting the U.S. economy to have added 475,000 jobs, after 678,000 were created in February. Average hourly earnings are forecast to increase 5.5% on a year-over-year basis, while the unemployment rate is expected to tick down to 3.7%.
- 📈 Inflation Data ahead of the jobs report. The U.S. is set to release February figures on personal income and spending on Thursday. The report contains personal consumption expenditures data, a gauge of inflation closely watched by the Fed. Economists are expecting the core PCE price index to rise 5.5% on an annual basis, staying well above the Fed's 2% inflation target.
- 🛢Oil prices notched up their first weekly gain in three last week, with Brent up more than 11.5% and WTI gaining 8.8%. Oil prices have spiked - rising 50% since the start of the year. Rising oil prices have been fueling inflation expectations, burying the hopes of global central bankers that the inflation stoked by pandemic-era stimulus packages would be transitory. Jerome Powell said last Monday that the U.S. economy is clearly better able to withstand an oil shock now than in the 1970s. The U.S. is the world's largest oil producer.
- 📉 Wall Street's three main indices ended last week higher, with the Nasdaq and the S&P 500 rising 2% and 1.8%, respectively, while the Dow managed a 0.3% uptick. U.S. Treasury yields jumped on Friday, with the benchmark 10-year note surging to nearly three-year highs, as the market grappled with high inflation and a Federal Reserve that could easily spark a downturn as it aggressively tightens policy.
- 🇪🇺 Eurozone Inflation is set to release data on Friday with economists expecting CPI to hit a new record high of 6.5% amid soaring energy costs.
Upcoming Earnings Calendar (Jan 24-28th) - BIG week ahead!
Hey guys! Here's the upcoming earnings calendar! Definitely a very busy week ahead. Here's what I'll be looking at:
- $MSFT - Can Azure keep its growth rate? Will a slowdown cause a sell-off similar to the one $NFLX had?
- $TSLA - Post earnings reaction. This is one of the few high-growth stocks that has shown relative strength. Let's see if this changes post ER.
- $LOGI - Is demand for gaming peripherals still strong? May be an early indicator of videogaming strength.
- $AAPL - It's always interesting to hear what Apple is doing.
- $V - Data on consumer spending.
- $CVX - General comments on the energy market.
If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.
- BMO: $JNJ $VZ $GE $LMT $MMM $ERIC $AXP $RTX $NEE $ADM $PII
- AMC: $MSFT $TXN $CNI $FFIV $COF $LRN $MRTN $HA $NAVI $BXP $NXGN
- BMO: $BA $T $FCX $ABT $KMB $ANTM $NDAQ $GLW $PGR $KNX
- AMC: $TSLA $INTC $LRCX $LVS $LEVI $NOW $STX $VRTX $PKG
- BMO: $MA $NUE $MCD $JBLU $LUV $MO $BX $VLO $SHW $MKC $TSCO
- AMC: $AAPL $V $X $HOOD $WDC $TEAM $OLN $CP $KLAC $JNPR
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Earnings this week
📞Which calls are you most excited about?
Monday, June 28th
$JEF Jefferies Financial Group
$MLHR Herman Miller
Tuesday, June 29th
$FIZZ National Beverage
$FDS Factset Research
Wednesday, June 30th
$BBBY Bed Bath & Beyond
$STZ Constellation Brands
$GIS General Mills
$MU Micron Technology
Thursday, July 1st
$MKC McCormick & Company
Friday, July 2nd
None of interest
Sources: Business Insider, Google Finance, and Yahoo Finance!
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Commonstock is a social network that amplifies the knowledge of the best investors, verified by actual track records for signal over noise. Community members can link their existing brokerage accounts and share their real time portfolio, performance and trades (by percent only, dollar amounts never shared). Commonstock is not a brokerage, but a social layer on top of existing brokerages helping to create more engaged and informed investors.