Another month in the books and that means it’s time for another dividend portfolio update! After two solid months of gains our dividend portfolio took a small step back in August.
For most of the month it looked like the pullback would be sizable. However, after the fed summit in Wyoming and chairman nimrod’s speech the markets brushed off the worry and moved backup. While we didn’t recover all of the downside it was good to see the markets holding strong once again.
There were a couple of events that impacted our dividend portfolio in August. The biggest by far was J&J completing the spin off of Kenvue. The deal was very enticing with the opportunity to receive 8 shares of Kenvue in exchange for each share of J&J. That would have created a nice position for us in the new company. But in the end we decided to stick with our J&J shares as the company is just a machine. It is also our third largest holding and more importantly they are not adjusting the dividend after the transaction. We will probably look to add Kenvue into or portfolio down the line.
This is not where we expected to be when we started writing our July 2023 financial update! We were sitting in a beautiful campground in South Dakota. The owners of the campground are amazing people. Not only do they maintain and manage the campground, but the rest of the property is a working family farm. We were on the list to purchase farm fresh eggs once a week and Mrs. RVF was taking rides with the owner out to the pasture to help feed and water the cows.
They were also gracious enough to share fresh vegetables from their garden with us and other campers at no cost. Each evening we would sit outside and watch the sunset. Some nights the campers would gather around the community fire pit and share stories. This and the surrounding scenery reminded us of why we chose to live this lifestyle.
We will keep this months financial update relatively short as the writing mood is just not in us at this time. As we wrap up our stay in Montana and head to South Dakota we will be doing so with heavy hearts. If you follow us in social media you know by now that we lost our travel buddy Murphy unexpectedly this month.
The loss has brought down our enthusiasm levels considerably and driving away from here without him is going to be extremely difficult. We know that time will heal our hearts and our adventure will go on. But an important and loving part of our lives for the last 13+ years will be missing as we go forward.
It’s time for another dividend portfolio update! The month of June was a strong month for the stock market and not too shabby for our dividend portfolio. This was a welcome change from last month when we had the largest percentage loss ever for our portfolio.
While our largest holdings are still underperforming a few rebounded this month. Additionally, we had great action in some of our other holdings that helped to buoy our portfolio until those larger holdings regained some traction. One of the holdings that’s been on a tear is ABR, which was up over 15% the past month and 30% over the last 3 months.
The month of May was pretty brutal for our little dividend portfolio. It seemed that everything we own was going in the wrong direction. As such, we took the biggest monthly hit we have ever had for this account. That’s how it goes sometimes. Maybe the month of June will be kind and give us a nice rebound. Looks like it’s off to a good start, but will it hold?
Looking at the performance of our dividend portfolio we see that our largest holdings like ABBV, JNJ, FRT and, our own personal anchor, MMM all suffered significant losses for the month. The good news is this gives us a nice buying opportunity for some stocks positions we haven’t added to in a long time. The bad news is we need cash in order to take advantage of this opportunity.
After being on the road and seeing the country it’s only natural to start asking questions. The biggest question that comes to mind is…. What’s our end game? We love being on the road, but it would be naive to think we can do this forever. Our family would certainly like to know the answer to this question. Some of them think we are crazy for living this way to begin with.
In hindsight, this is probably something we should have considered during the planning phase. But back then we were focused on getting to a better place in life. We have always known that our end game didn’t include staying in a high tax state like California. It was always just a matter of time before we moved somewhere else regardless.
In a way we are just doing what we do best, winging it!
April went by in a flash and it feels like May is shaping up to do the same. It’s hard to believe we are already publishing another financial update! Ever since we left Mesa we have been busy trying to get caught up on projects and hobbies while at the same time getting back to enjoying the things we love like hiking and sightseeing. And since we have family that lives close by we have to make sure we find time to visit and catch up while we can.
Over the last month it has been great to be out in the open air and enjoying nature again and we have tried to get out for a nice size hike at least once a week. The great part about being full-time in our RV is we get to enjoy things while everyone else is busy working and the kids are in school. Often times when we go on hike we are the only people around which allows us to enjoy the views and our surroundings undisturbed. That will begin to change over the next few months so we are trying to take advantage of it while we can. We are hoping to hit Zion National Park before it gets too crowded and we have to leave. It’s been awhile since we have been there and it has some of the best hiking!