Below is a paraphrase of the full portfolio update and market review article I write weekly. Click here for a full portfolio and economic review, plus a break down of all my trades (which you can see in my profile as well).

Boy what a rough week it was! The S&P is down 2.8% for the week, with most of losses coming after the Fed’s comments released on Thursday. The NASDAQ is down 3.8%, Russel is down 3.2%, and the Dow Jones is down 1.9%.

The week was marked by significant earnings reports in Tesla (TSLA) and Netflix (NFLX). Tesla came in better than expected and experience a small rally, which the latter disappointed and dropped a massive 35% the day after the report which declared a decrease in subscribers.

Important earnings for the week were mostly positive. The problem this week was weakening technicals on the broader market, Fed comments that we haven’t reached peak inflation and reassurance on aggressive rate hikes, and a 10-year Treasury yield quickly pushing for 3%.

Now let’s move on to reviewing our portfolio’s performance for the week.

To date, I have invested $8,160 into the account, the total value of all positions plus any cash on hand is $8,495.19. That’s a gain of $335.19 for a total return of 4.11%. The account is down $147.91 for the week which is a 1.71% loss.

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.

This week we received two dividends. $1.50 from Realty Income ($O) and $1.77 from ETRACS 2x Monthly Leveraged ETN ($SMHB).

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. All dividends were reinvested.

Dividends received for 2022: $94.00

Portfolio’s Lifetime Dividends: $116.92