Less turned out to be more this week

March toward $1,000,000: Week 14 (Oct. 29-Nov. 2)

This was a bit of a different week for me. Instead of checking my portfolio on a daily basis – sometimes multiple times a day as is my normal routine – I pretty much checked out. I wish I had a good reason as to why. I really do. Truth is, though, it was kinda by accident. I didn’t pour over the daily market movers and shakers, but not because I didn’t want to. Monday flowed into Tuesday, Tuesday flipped to Wednesday, etc.

Fortunately for me, sometimes less is more.

I’ve fallen in love with investing over the last couple years. I can’t get enough of it. That being said, sometimes, as I found out this past week, you just need to go out and live life without thinking about every dip, pop or notification. I had a blast hanging with my kinds on Halloween and covering the opening week of high school football playoffs at work. I didn’t really miss obsessing over my holdings at all. 

I was also happy to see my portfolio did just fine without me messing with it. 

Here’s a look at the numbers:

Portfolio Value: $5,513.01 (+$145.94 over last week)

Overall Gain/Loss: -$218.34 (+$145.94 over last week)

Estimated Annual Income: $137.72 (+$1.29 over last week)

Total Number of Positions: 23 (no change over last week)

As you can see, everything was up … and that’s without any deposits or purchases of any kind. Technically, I guess I did make some small purchases, but only the automatic ones associated with DRIPs. This is the magic of dividend-growth investing, people. Companies raise their dividends, you make more money. Set your positions to automatically reinvest the dividends to buy more shares, and you’ll boost your annual income even more.

It’s not magic … it’s math.

This Week’s Dividends

I received two dividends for a combined $3.80 this week: $3 for six shares of AT&T (T) and $0.80 for the one share of Chase (JPM).

The AT&T dividend went toward purchasing another 0.09679 shares (+$0.19 in annual income) while the Chase divi bought me another 0.0074 shares (+$0.02 in annual income).

In other divi-related news, AbbVie (ABBV) announced a raise, boosting its annualized payment from $3.84 to $4.28. Since I own two shares, the bump boosted my forward annual income $0.88 ($0.44/share). 

Previous Posts

Weeks 12 and 13

Week 11

Week 10

Week 9

March on!

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