2022 Dividend Portfolio Rundown

It’s time to close the books on the economic disaster that was 2022 and we are going to start by closing out our dividend portfolio update for the year. This will also be the first time we incorporate some more historical data points in order to give more visual prospective to the growth of our portfolio and positions.

Since our last update just a few short weeks ago the markets have dropped, we sold our losing position in the soon to be taken private Weber (WEBR), we reinvested the proceeds elsewhere and then we contracted Covid-19 for the first time. The perfect end to the year that was 2022!

As we sit here, isolated from the world around us, we have time to reflect on what went wrong in 2022 and plan for a better 2023. At least until we start hacking uncontrollably, then it’s time to go back to bed and take a nap.

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Dividend Portfolio Update

It’s been awhile since we last provided an update on our dividend portfolio. This wasn’t by design, but we really didn’t have much to report and our time has been occupied with our work-camping jobs and the never ending array of activities we have to prepare for.

Since our last update the markets have moved back up and now appear to be wavering ahead of the next federal reserve meeting which will bring yet another rate increase. Our portfolio has remained in relatively good shape, aside from the Weber (WEBR) debacle, and we continued to add shares to our existing positions as funds became available. And of course, we also reinvested all dividends received.

As for the Weber position, in our last update we discussed the options of either selling out of the position, since they no longer pay a dividend, or doubling down to get to 100 shares in order to sell covered call options and generate some income in leu of dividends. We decided to go the route of adding to our position and generate income, but soon after we wrote that blog the largest shareholder offered to purchase the rest of the company for a measly $6.25 per share. This put us in a bind as the shares were already trading over that price and our cost basis is also much higher than that. Not a great position to be in! As a result we did not make any purchases and our position remains the same as it has been. We would like to get to the 100 share mark, but we were obviously not buying above the bid price.

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Dividend Portfolio Update

It’s been a little over two months since we last provided an update on our dividend portfolio and there have been some interesting, and not so good, developments since then.

Obviously the markets have been going through quite a rough patch, to put it mildly, over the last two months. The result is that our portfolio has taken a little bit of a hit on the top line number. On the bright side it represents chance to add some shares to our holdings at a lower price. It can be hard to watch and difficult to stomach some of these roller coaster days, but we have to keep the big picture in mind.

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Dividend Portfolio Update

Since our last dividend portfolio update the markets have continued their roller coaster ride. I won’t go into my opinion on the current state of our government as I aired my frustrations in our last blog. You can find my take here if you’re curious or want a recap.

While there isn’t anything we can do about the economy, there are things we can do to set ourselves up for long term success. Now is not the time to panic and sell your positions as that will only turn paper losses into realized losses. It can be hard to stomach this type of volatility, but having been through this several times before we know things will turn around eventually. So while we wait for the pendulum to swing back the other way we can take advantage of this opportunity to dollar cost average current positions and/or add new positions at a nice discount.

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Dividend Portfolio Update

It seems like the months are flying by and it’s been some time since our last dividend portfolio update. While the markets have been extremely volatile our dividend portfolio has remained somewhat steady. We are not setting the world on fire, but most of the stocks in our portfolio have held up well in comparison to the overall markets.

The level of uncertainty and fear continues to rise due to geopolitical problems, inflation and supply chain shortages. Adding to the downward pressure is our grossly incompetent federal reserve and a federal government that either doesn’t possess a basic understanding of economics or is more interested in satisifying fringe lunatics than doing what is best for the country and our economy.

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Dividend Portfolio Update

It’s been almost two months since we have had a chance to give an update on our dividend portfolio. So far we have fared pretty well even as the markets have been extremely volatile. Since our last update the markets have experienced a correction, a war in Europe and the fed has started raising interest rates. Not exactly a great environment for price appreciation. But if you have cash on the sidelines there are a ton of opportunities.

While there is still a high level of uncertainty due to inflation and geopolitical issues the markets seem to be taking everything in stride. Now that the fed had started raising rates the picture is becoming a little clearer as to what their strategy is and because of this there has been a little bit of a relief rally off the market lows. It was a nice bounce but there is still too much going on in the world to be confident of a continued rebound.

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Dividend Portfolio Update

Greetings fellow investors. It feels like a swell time to do a dividend portfolio update with all of the exciting events surrounding the markets. How about we call this the stock market correction edition of our series?

Unless you live in a cave or are much better at ignoring the news and current events than most people, then you are probably experiencing the same dreadful market conditions. As a market masochist, I have been glued into the markets pretty much everyday from open until close and then some. BTW, I don’t recommend this for anyone. It’s what I love to do and have always done regardless of market conditions for decades. Plus now that we are retired, what else do I have to do but watch the carnage daily market gyrations?

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