Dividend Portfolio Review: New Dividend Record For May

It's May, and this is the best time of the year for a German dividend investor, as this is the month where most of Germany's companies distribute their annual dividends. As such, it was no surprise that May set a new record in dividend income, but I am still baffled by the amount and the growth compared to the previous year.

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With Trump catching investors completely by surprise when he announced new tariffs on Chinese exports, markets wobbled heavily and eventually took a significant beating as the month unfolded. I had to raise capital by selling out smaller holdings and carefully redeploy into larger holdings. So far however, "Sell in May and Go Away!" would have been the much better route to take.
Portfolio Changes | 1 new stock, 6 sales and 22 repurchases
I invested a net total of around $1,300 in May and grew the portfolio with one new stock I wanted to own for a long time, and suddenly a buying opportunity arose I had to take for an initial position in The Trade Desk (TTD).
There were no major purchases this month as the sudden flare-up in the trade war and the actions against Huawei were not painting an attractive picture for investing. Still, that did not mean I stopped investing as you never know how quickly things could change. At the same time, being able to buy quality businesses at fair prices has never been a bad idea.
On the sale side, I decided to reduce the number of positions in my portfolio by selling shares of Incyte... Read more