Nicholas Ward's Dividend Growth Portfolio: June 2020 Update

Seeking AlphaDividend StrategyNicholas Ward's Dividend Growth Portfolio: June 2020 UpdateJul. 6, 2020 10:00 AM ET|| Includes: AAPL, ABBV, AMGN, AMZN, AVGO, AVGOP, BA, BAM, BEP, BIPC, BLK, BMY, CARR, CMCSA, CSCO, D, DEO, DIS, DLR, ENB, ENBBF, FB, FRT, GOOG, GOOGL, HD, HON, IBM, INTC, ITW, IVZ, JNJ, KO, LOW, MA, MDT, MKC, MMM, MO, MSFT, NKE, NNN, NONOF, NVDA, NVO, O, OTIS, PEP, PFE, QCOM, RTX, SBUX, SPY, STOR, STZ, STZ.B, T, TXN, V, VIAC, VIACA, VZ, WPCby: Nicholas WardNicholas Ward The Dividend KingsDividend ideas from a top team of analysts to help you sleep well at night.SummaryMy passive income increased 13.1% y/y in June.
My total returns during the month were 2.68%.
Year-to-date, my income is up 12.77% and I continue to outperform the market.
Another month is in the books. You know what that means... another step towards financial freedom.
In general, June was a pretty laid back month for me in terms of portfolio management. I suppose this is a good thing because I've been very busy with work on various projects, so I'm happy that I didn't have an extra layer of market volatility to deal with on top of that.
For months now, I've been very clear that I believe the "V" shaped rally we've seen from the March lows of the COVID-19 crash has been irrational.
I don't think the underlying fundamentals of the market and/or the economy, from a macro perspective, support the rally. And, when looking at many of the individual holdings on my watch list (it is important to remember that the market is just that: a market of stocks), I see rising multiples when compared to the valuation metrics that I track.
Because of this, I've been very conservative with regard to dipping into my cash position to make purchases.
Since the end of March, I've only made two outright trades in the market. On 5/5/2020, I added to my Realty Income (O) position at $52.84. And, on 6/8/2020, I sold my remaining shares of Boeing (BA), locking in 69.4% profits at $229.75.
I... Read more