My Dividend Growth Portfolio August Review: 38 Holdings, No Trades

Published Fri, 04 Sep 2020 02:45:56 -0400 on Seeking Alpha

Seeking AlphaDividend StrategyMy Dividend Growth Portfolio August Review: 38 Holdings, No TradesSep. 4, 2020 2:45 AM ET|| Includes: AAPL, ABBV, ABT, BAM, BLK, BRK-B, CSCO, DIS, DIV, FOF, GLW, GOOG, HD, HYLB, IDV, JNJ, JPM, MA, MDT, MLPA, MO, MSFT, NKE, O, PFFD, PRU, REM, SBUX, SCHD, SDEM, SDIV, SPG, SPYD, SRET, SWK, T, TROW, TRV, Vby: Dividend DerekDividend Derek Dividend Growth Investing, Long Only, long-term horizon, Dividend InvestingCustom Stock Alerts.cls-1{fill:#024999;}SummaryI received $768 in August, which was down from May and down from August 2019.
I made no trades over the month as stocks continue their meteoric rise.
My portfolio finished August at an all-time high.
Welcome to my dividend growth portfolio review for August 2020. The S&P continued its winning streak of 5 straight months with gains and the best August in 34 years. The divergence between tech darlings and the rest of the market continued as Apple (AAPL) and Tesla (TSLA) dominated headlines capped by their respective stock splits on the last day of August. I wonder often whether this is a trap or there are real valid reasons for the continual rise in the indices. In any event, I don't have a plan to sell my winners, but I am certainly not adding at these levels. I felt that we were just getting to some real value in many of the high-flier names in March, but those prices quickly evaporated.
I actually didn't make any trades in August at all. In fact, my last trades (which were very minor in nature) were over two months ago at this point. I've benefited greatly from the market rebound and staying the course and holding through March, as painful as it was. I don't wish those feelings on anyone, and it was truly hard to sleep at night when everything was tanking. That patience has paid off, as my overall portfolio value is up about 50% from the lowest of the low days. There have been some bumps and bruises along the way, of course. I sold my Tanger (SKT) stake a few months ago, and... Read more