Wednesday, May 2, 2018

Portfolio Update - April 2018

Another stagnant month this year as the market volatility continues. Luckily for me Facebook (FB) had a good quarter and recovered a good amount back from the losses due to privacy concerns. The increased market volatility makes it hard for investors who are looking for short term gains or investors who make their money day trading stocks. However, for those of us who are in it for the long term this represents a continued opportunity to pick up shares at a discount.

After two months in a row of my portfolio decreasing in value, I finally saw a positive gain. Never before have I had a decrease in my portfolio's value until these past two months. It is pretty incredible that I went 4 years without seeing a decrease in the value of my portfolio. 

This April I saw my portfolio value increase by $6,020.14 or 3.14%
My current portfolio value sits at $197,469.09

It was nice to finally see my portfolio go back up after two months of decreases. However, I really don't care about the value of my portfolio as long as the dividends continue to be paid and continue to increase. Guess what? I haven't suffered any dividend cuts in these three months of market volatility and in fact I've seen a large number of dividend increases. This just goes to show you that this is all just short term noise that doesn't affect long term goals. 

I was fortunate enough to invest twice in April and raise my dividend income. The first purchase I made was on April 2nd. I purchased 5 shares of 3M Company (MMM) at $210.70 a share. Unfortunately they got hit hard after their earnings and the stock has retreated about 8% since then. But, I've always wanted to own a piece of this company and finally pulled the trigger and will think about buying more at these discounted prices. 

The second purchase I made was on April 6th. I purchased 15 shares of Dominion Energy (D) for $66.90 a share. Again, this has been a stock that has been beat up lately and their current dividend is just too good to pass up. This is an essential energy company that has real staying power. They provide energy for many different regions, but the one big region is here in Northern Virginia. I use Dominion Energy because I have no other choice in the matter. I need electricity and they are the only option. 

These two purchases added $77.30 to my yearly dividend income! My purchasing power has simply been increased due to the market volatility. I welcome the volatility with open arms because of this. If two monthly purchases can routinely add this much dividend income per month then I will be reaching retirement much earlier than anticipated!

Let me know what you guys think! How did you guys do in April?

The portfolio page has been updated to include all of my stocks and additional holdings.

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