Archive for the ‘Ultimate Sustainable Dividend Portfolio’ Category

Ultimate Sustainable Dividend Portfolio – January 2014 Update

By: ispeculatornew | Date posted: 01.15.2014 (3:00 am)

passiveincomeIn September 2011, I did some in-depth research to find long term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. you can see my most recent update here.

Things continue to go very well for the USDP which I’m thrilled to see. The months of December and January are always slow in terms of news but as long as things continue to go well, I can’t complain. If ever you would like to receive those types of updates, please join, it’s free:

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

TickerNameSharesJan 14 2014 PriceJan 14 2014 Values
OMCOmnicom Group Inc29$73.91$2,217.30
MSFTMicrosoft Corp71$35.78$2,576.16
JCIJohnson Controls Inc39$51.92$2,076.80
PEPPepsiCo Inc/NC27$82.37$2,306.36
ETNEaton Corp31$75.70$2,346.70
DOVDover Corp23$95.42$2,290.08
ITWIllinois Tool Works Inc27$82.23$2,302.44
XLNXXilinx Inc37$46.05$1,703.85
SJMJM Smucker Co/The19$99.34$1,887.46
BLKBlackRock Inc10$310.52$3,415.72
TROWT Rowe Price Group Inc28$83.19$2,412.51
OXYOccidental Petroleum Corp21$92.31$2,030.82
COPConocoPhillips25$68.32$1,708
XOMExxon Mobil Corp19$99.12$1,883.28
ADIAnalog Devices Inc43$49.71$2,187.24
HASHasbro Inc31$52.31$1,621.61
MATMattel Inc42$44.40$1,909.20
INTCIntel Corp53$26.51$1,405.03
AFLAflac28$64.70$1,876.30
BAXBaxter International23$69.66$1,671.84
IVZInvesco Ltd67$35.22$2,359.74
VWOVanguard FTSE Emerging Markets43$39.81$1,711.83
BNDVanguard Total Bond Market21$80.57$1,691.97
Cash$75.44
USDP$47,868.63
SPX13.80378067$3,300.53$47,593.77

Dividends Received

January is always a slow month in terms of dividends and this one is no exception but I did fare better than last year when the portfolio had generated $0…! haha! This time it generated $11… enough for a small McDonald’s meal right?:)  Take a look at the progress:

usdp2

Ultimate Sustainable Dividend Portfolio News

Not much to report on this front unfortunately as it remains a bit slow in this start of the year!

Returns

While the USDP remains ahead of the S&P500, I did give up some ground this month unfortunately…!

usdp1

Trades

A bit more happened this month as I actually bought a bit more of ETF’s exposure, buying 8 shares of BND (Vanguard Bonds) and VWO (Emerging Markets) which now represents about 7% of the portfolio.

Ultimate Sustainable Dividend Portfolio – December 2013 Update

By: ispeculatornew | Date posted: 12.18.2013 (3:00 am)

investingIn September 2011, I did some in-depth research to find long term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

This month turned out very well as the USDP outperformed the S&P500 significantly;)

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. you can see my most recent update here.

Things continue to go very well for the USDP which I’m thrilled to see. Very exciting stuff and I’m thrilled with how things have gone so far. I have done a couple of trades and continue to work on optimizing it, if ever you would like to receive those types of updates, please join, it’s free:

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

TickerNameSharesDec 17 2013 PriceDec 17 2013 Values
OMCOmnicom Group Inc29$69.84$2,025.36
MSFTMicrosoft Corp71$36.52$2,629.44
JCIJohnson Controls Inc39$51.32$2,052.80
PEPPepsiCo Inc/NC27$80.46$2,252.88
ETNEaton Corp31$73.45$2,276.95
DOVDover Corp23$91.21$2,189.04
ITWIllinois Tool Works Inc27$79.96$2,158.92
XLNXXilinx Inc37$44.27$1,637.81
SJMJM Smucker Co/The19$101.10$1,920.90
BLKBlackRock Inc10$302.63$3,328.93
TROWT Rowe Price Group Inc28$79.81$2,314.49
OXYOccidental Petroleum Corp21$90.21$1,984.62
COPConocoPhillips25$69.06$1,726.50
XOMExxon Mobil Corp19$96.75$1,838.25
ADIAnalog Devices Inc43$48.94$2,153.36
HASHasbro Inc31$51.53$1,597.43
MATMattel Inc42$44.70$1,922.10
INTCIntel Corp53$24.66$1,306.72
AFLAflac28$66.01$1,914.29
BAXBaxter International23$65.55$1,573.20
IVZInvesco Ltd67$34.47$2,309.49
VWOVanguard FTSE Emerging Markets28$40.27$1,127.56
BNDVanguard Total Bond Market13$80.61$1,128.54
Cash$559.12
USDP$45,928.69
SPX13.80378067$3,192.29$45,065.71

Dividends Received

November turned out very well as you can see as the portfolio generated $111, which is 40% more than the same month last year.  December is slightly lower, probably because 1-2 stocks moved their dividend away from Decembre. Take a look at the progress:

usdp201312

Ultimate Sustainable Dividend Portfolio News

Nothing to report in terms of increased dividend…I guess everyone is focused on other stuff with Christmas around the corner:)

Returns

It was certainly a good month for the USDP although the portfolio actually did return less than the S&P500 in a tough market. It’s not much of a concern but worth nothing.

usdp201312-2

Trades

Not much to report here. Because I reinvested all dividends and needed to add some cash to buy “complete” shares so there wasn’t much cash left at the end of the month actually:)

Ultimate Sustainable Dividend Portfolio – November 2013 Update – Solid Performance

By: ispeculatornew | Date posted: 11.18.2013 (3:00 am)

investingIn September 2011, I did some in-depth research to find long term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

This month turned out very well as the USDP outperformed the S&P500 significantly;)

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. you can see my most recent update here.

Things continue to go very well for the USDP which I’m thrilled to see. Very exciting stuff and I’m thrilled with how things have gone so far. I have done a couple of trades and continue to work on optimizing it, if ever you would like to receive those types of updates, please join, it’s free:

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

TickerNameSharesNov 15 2013 PriceNov 15 2013 Values
OMCOmnicom Group Inc29$69.95 $2,028.55
MSFTMicrosoft Corp71$37.84 $2,686.71
JCIJohnson Controls Inc39$49.45 $1,928.55
PEPPepsiCo Inc/NC27$86.03 $2,322.81
ETNEaton Corp31$72.30 $2,241.30
DOVDover Corp23$93.30 $2,145.90
ITWIllinois Tool Works Inc27$79.65 $2,150.55
XLNXXilinx Inc37$43.66 $1,615.42
SJMJM Smucker Co/The19$109.35 $2,077.65
BLKBlackRock Inc10$303.19 $3,031.90
TROWT Rowe Price Group Inc28$79.99 $2,239.72
OXYOccidental Petroleum Corp21$97.54 $2,048.34
COPConocoPhillips25$73.30 $1,832.50
XOMExxon Mobil Corp19$95.27 $1,810.13
ADIAnalog Devices Inc43$50.69 $2,179.67
HASHasbro Inc31$52.73 $1,634.63
MATMattel Inc42$46.18 $1,939.56
INTCIntel Corp53$24.52 $1,299.56
AFLAflac28$67.48 $1,889.44
BAXBaxter International23$68.66 $1,579.18
IVZInvesco Ltd67$33.84 $2,267.28
VWOVanguard FTSE Emerging Markets28$41.61 $1,165.08
BNDVanguard Total Bond Market13$80.95 $1,052.35
Cash$375.02
USDP $45,541.80
SPX13.80378067 $3,217.11 $44,408.22

Dividends Received

November turned out very well as you can see as the portfolio generated $111, which is 40% more than the same month last year.  Take a look at the progress:

usdp2

Ultimate Sustainable Dividend Portfolio News

Nothing to report in terms of increased dividend which is a shame. A significant piece of news is the fact that Berkshire announced it now held a stake in Exxon (XOM) which is obviously great news and already pushed up the stock.

Returns

It was certainly a great month for the USDP as I gained a slightly bigger edge over the S&P500 (total return). As I continue to add exposure to alternative asset classes, I do expect returns to be less correlated with the S&P500, hopefully doing better.  Here are the top and worst performers:

Top Performers
Hasbro (HAS) +18,19%
Johnson Controls Inc. (JCI) +17,32%
Exxon Mobile (XOM) +15,18%

Worst Performer
XLinx Inc. (XLNK) -4,38%

usdp

Trades

If you remember, last month I started adding positions in 2 ETF’s, Emerging Markets (VWO) and Bonds (BND) to add diversified income. I did a bit more of that this month as I added about $400 into each one. I’ll need to do that a few more times to get closer to the target weight.

Ultimate Sustainable Dividend Portfolio – October 2013 Update – Adding ETF’s To The Mix

By: ispeculatornew | Date posted: 10.17.2013 (3:00 am)

pas2In September 2011, I did some in-depth research to find long term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. you can see my most recent update here. I recently came back from vacations and I can tell you that it’s one incredible motivation.. Not that I needed it but wow:)

So today, I decided to do something I had hinted I might do a few months ago. I’m adding some ETF’s to the USDP. I know that some of you will not agree with it but hear me out. I’m trying to build a long term portfolio that will be able to generate an increasing amount of income. Currently, I’ve been restricting myself to US traded stocks which is fine but also means that I have a lot of concentration in that portfolio. Here are in my opinion the benefits & downsides of adding ETF’s:

Pros:

-Getting exposure to 2 types of assets that are currently too expensive to do (international stocks and bonds – I’ll also consider adding a REIT ETF)
-I’ll be able to do better for the same level of risk (in theory)

Cons:

-Fees – I’m paying around 0.20% annually on those holdings which could add up over time
-Comparing the USDP returns with the S&P500 will not make as much sense given the fact that I’ll have other types of exposure

So what is the plan for now? I’ll slowly build positions in 4-5 ETF’s that might grow to around 15-20% of the USDP. I’ll adjust over time.

Things continue to go very well for the USDP which I’m thrilled to see. Very exciting stuff and I’m thrilled with how things have gone so far. I have done a couple of trades and continue to work on optimizing it, if ever you would like to receive those types of updates, please join, it’s free:

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

TickerNamePriceEPSPE RatioPE Next YearReturn YTDSales GrowthAnalyst ratingBook ValueBetaEarningsMkt CapRevenue/ShareSales 5Y Avg GrowthEPS 5Y Avg Growth
RAXRackspace Hosting Inc38.210.7857.0350.88-48.5527.723.637.071.022/12/20145.34B9.6823.126

Dividends Received

October is one of those rare months where income ($29) will end up being lower than the same month last year. It’s not ideal but nothing to worry about for now.  Take a look at the progress:

usdp2

Ultimate Sustainable Dividend Portfolio News

Not much to report here. one of the USDP Holdings, Omnicom (OMC) announced a special $2.00 dividend. It’s not clear when it will be paid but that will be a nice bonus:)

Otherwise, Microsoft is increasing its quarterly dividend by 22% which will help out.

Returns

Not much to report here. Unfortunately, the portfolio slightly underperformed in the past month. Not by much though and it does remain ahead of a similar S&P500 portfolio (that reinvests all dividends). Not bad at all.  Here are the top and worst performers:

Top Performers
Occidental Petroleum Corp OXY 8.13%
BlackRock Inc BLK 6.53%
Aflac AFL 6.09%

Worst Performer
Baxter International BAX -6.06%

usdp1

Trades

Tonight I made 2 trades as I hinted a bit earlier. I bought stocks of 2 ETF’s
VWO Vanguard FTSE Emerging Markets
BND Vanguard Total Bond Market
Those add 2 segments that were clearly missing from the USDP.

Ultimate Sustainable Dividend Portfolio – September 2013 Update – Thanks Microsoft (MSFT)!

By: ispeculatornew | Date posted: 09.18.2013 (3:00 am)

pas2In September 2011, I did some in-depth research to find long term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. you can see my most recent update here. I recently came back from vacations and I can tell you that it’s one incredible motivation.. Not that I needed it but wow:)

Things continue to go very well for the USDP which I’m thrilled to see. Very exciting stuff and I’m thrilled with how things have gone so far. I have done a couple of trades and continue to work on optimizing it, if ever you would like to receive those types of updates, please join, it’s free:

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

[table “538” not found /]

Dividends Received

September is once again a very solid month as the USDP will generate $80.20 which is nearly 50% more than a year ago.  Take a look at the progress:

usdp2

Ultimate Sustainable Dividend Portfolio News

Not much to report here, none of the reported dividends were increases. Microsoft (MSFT) did announce a 22%  dividend increase and a massive stock buyback so that is certainly positive.

Returns

Not much to report here. The portfolio slightly outperformed the S&P500 total return index. The USDP returned 0.52% while the S&P500 did 0.44%. It’s not a big difference but over time those differences are adding up which is helping that little blue line distance the red one:)

usdp1

Trades

No new trades

Ultimate Sustainable Dividend Portfolio – August 2013 Update – Still Looking Good

By: ispeculatornew | Date posted: 08.14.2013 (3:00 am)

passiveIn September 2011, I did some in-depth research to find long term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. you can see my most recent update here. I recently came back from vacations and I can tell you that it’s one incredible motivation.. Not that I needed it but wow:)

Things continue to go very well for the USDP which I’m thrilled to see. Very exciting stuff and I’m thrilled with how things have gone so far. I have done a couple of trades and continue to work on optimizing it, if ever you would like to receive those types of updates, please join, it’s free:

 

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

[table “534” not found /]

Dividends Received

August will see a nice chunk of income as the $117 of dividends is 20% more than last year.  Take a look at the progress:

usdp2

Ultimate Sustainable Dividend Portfolio News

[table “533” not found /]

Returns

Nothing spectacular here but the USDP continues to outperform the S&P500 so I’m certainly fine with how things are going, especially given it’s more difficult for dividend portfolios to outperform in faster rising markets.

usdp1

Trades

I am getting very close to dumping Intel Corp (INTC) as I explained. I would say it’s likely at this point but I will continue to look for a good candidate to add in its place. If you have any ideas, please go ahead and let me know:)

Time To Dump Intel Corp ($INTC) From The USDP?

By: ispeculatornew | Date posted: 08.07.2013 (3:00 am)

$INTCOne if not the most important project that I write about on this blog is my passive income journey where I try to build passive income streams that can then help me become financially independent. As most of you know, the Ultimate Sustainable dividend portfolio (USDP) is a core part of that strategy and it is build mostly around strong long term growth. So far, none of the holdings have ever decreased their dividend and while I know it will happen at some point, I’m hoping to get rid of those names BEFORE that happens.

Naturally, I try to stay informed as best as possible and I’m currently very concerned about one of my holdings; Intel Corp. Why?

If you remember, I try to hold names that respect the 7-7-7 rule; 7% of average growth in the past 5 years for sales, earnings and dividends. Intel is doing very poorly in each of these metrics. I bought Intel for a variety of reasons but being a tech stock, I expected growth to remain strong which has not been the case. Let’s take a look at a few key charts:

INTC Dividend Chart

INTC Dividend data by YCharts

INTC Revenue Quarterly Chart

INTC Revenue Quarterly data by YCharts

INTC EPS Diluted Quarterly Chart

INTC EPS Diluted Quarterly data by YCharts

You can also see the numbers. Things have not been going very well. Why? A variety of reasons such as competition, tougher economic times, etc. The bigger worry though is the fact that Intel is on the bad side of a very strong trend. Intel builds chips that power many things but mainly pc’s. The strong growth in Mac and the surge of mobile devices and tablets where Intel is much weaker is a very worrying sign and unsurprisingly, it has struggled to keep up.

Let’s look at the main numbers:

[table “531” not found /]

INTC

Intel did end up not raising its dividend and its unclear when the next raise will come. To be clear, I don’t expect that dividend to decrease anytime soon. The company has little debt, is still making much more than its paying, etc. But I want to get out before such questions start becoming a serious concern. I remain undecided but I’ll try to get to some decision before the next USDP update. One issue that I would encounter if I do remove INTC is that there are very few other tech stocks that would be a good fit to replace it. There is also a bit of downside risk in terms of overall yield. INTC pays almost 4% dividend, mostly because the stock has performed so badly and at the growth levels I’m looking for, it’s almost impossible that I’d find a name that offers a 4% yield. A small drop would be worth it over the longer term of course though.

Do any of you hold Intel? If so, what are your thoughts?

Classic Dividend Matchup: Coca-Cola ($KO) vs. Pepsi Co. ($PEP)

By: ispeculatornew | Date posted: 07.24.2013 (3:00 am)

ko_pepIf you have an investment portfolio, it’s very likely that you hold one or both of these names. Not only are they two of the most powerful brands in the world but they’ve also proved to be terrific investments over the years. I did this exercise a few years ago and ended up going for Pepsi while others (including Warren Buffett’s Berkshire) have preferred to own Coca-Cola. I do currently own some PEP stock in the Ultimate Sustainable Dividend Portfolio and it has done well over the years. Just to compare, here are the charts in the past 2-3 years.:

KO Chart

KO data by YCharts

KO has clearly been the best name to hold in the past few years. Time for a change? Let’s take a look using the top 20 things I look at when judging dividend stocks:

Dividend Metrics

ko_pep1

KO Dividend Chart

KO Dividend data by YCharts

While you could certainly argue that they are almost identical, the truth is that Coca-Cola has been more consistent in growing its dividend making it the logical choice.

Company Metrics

ko_pep2

Again, it’s very close between the 2. Pepsi has slightly better sales growth over 5 years, and return on equity. I’d still give the hand to Coca-Cola though as the sales growth is more steady, it’s trading at a slightly better P/E ratio, etc. The bigger point though is that growth just seems more steady which is something I’m a fan of.

Stock Metrics

KO

PEP

Industry Metrics

Both Pepsi and Coca-Cola have very similar offerings and products of course, they have steady market share and while they always face local competition in different segments, there is very little threat to their overall businesses. One challenge is the strong trend towards a more healthy lifestyle. While they do offer more “healthy products” than they did a few decades ago, those face tougher competition & smaller margins.

In terms of opportunities, it’s clear that the focus for both remains on emerging markets where there is still much more growth potential. They each have their strengths and weaknesses in that regard but I don’t think one is significantly better positioned than the other.

Fit Within Portfolio

Clearly, it makes sense to own at least 1 of these names as they are strong, extremely diversified products that do well no matter how the economy performs. I’d have to say that KO has not only performed better but also looks like a stronger pick at these levels. I’m not 100% sure yet but it’s very possible that I will end up either adding KO to the USDP or switching it instead of PEP… I’ll hopefully decide very soon and will keep you posted of course.

Ultimate Sustainable Dividend Portfolio – July 2013 Update – Slow And Steady

By: ispeculatornew | Date posted: 07.17.2013 (3:00 am)

retirementIn September 2011, I did some in-depth research to find long term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. you can see my most recent update here. I recently came back from vacations and I can tell you that it’s one incredible motivation.. Not that I needed it but wow:)

The USDP continues to do very well and is outperforming the S&P500!! Very exciting stuff and I’m thrilled with how things have gone so far. I have done a couple of trades and continue to work on optimizing it, if ever you would like to receive those types of updates, please join, it’s free:

 

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

[table “526” not found /]

Dividends Received

July is not a strong month in terms of dividends but the USDP will receive 20% more this July than the previous one which is fine with me.  Take a look at the progress:

usdp2013072

Ultimate Sustainable Dividend Portfolio News

Not much news to report. Still waiting on the conclusion of the Dover news that I discussed last month. July is obviously a very slow month.

Returns

It’s not necessarily the right target to try beating the overall market of the S&P500 but I do like to compare the performance of the USDP with a fairly well known benchmark which gives more context to the return so far. I have to say, things are looking up as the USDP outperformed the S&P500 once more this month.

usdp201307

Trades

Not much to report. I did decide to reinvest almost the entire $1000 that I’m adding this month into Invesco (IVZ), one of my more recent acquisitions.

Ultimate Sustainable Dividend Portfolio – June 2013 Update – Still Crushing the S&P500

By: ispeculatornew | Date posted: 06.19.2013 (3:00 am)

retirementIn September 2011, I did some in-depth research to find long term sustainable dividend stocks and have been doing updates on this Ultimate Sustainable dividend portfolio since then in the attempt to show how well such a portfolio can perform over the long term. I would personally say that things have been going very well and will certainly continue to evolve. I do have a few more things planned which I will discuss in the near future.

The USDP is obviously a critical part of my now very public quest to replace my job income with passive income. you can see my most recent update here.

The USDP continues to do very well!! Very exciting stuff and I’m thrilled with how things have gone so far. I have done a couple of trades and continue to work on optimizing it, if ever you would like to receive those types of updates, please join, it’s free:

Keep in mind that this portfolio was built by selecting 20 stocks out of thousands. The goal is not to pick the best dividend stocks but rather to pick a diversified, high quality portfolio that will keep dividends increasing over time.

Here are the holdings as of last night to start off:

[table “521” not found /]

Dividends Received

Things remain very good on this front as I will get nearly double the amount I received last june ($92 vs $52).  Take a look at the progress:

usdp2

Ultimate Sustainable Dividend Portfolio News

There isn’t much to report this time around. The only big news is the announcement by Dover that it will spin off some of its communications technology businesses which seems to have helped its business. I will be selling off that business when it happens to buy back Dover though… more on that later on.

Returns

Things continue to go very well and the USDP continued to outperform the S&P500 giving an extra cushion…! How did I manage? One stock that has done very well is DOV, just look at the chart below so far this year.

usdp

 

DOV

Trades

Not much to report. I ended up buying shares of every stock that paid out dividends and needed to use most of my $1000 monthly cash investment for that reason. Nothing else to report.