Saturday, March 02, 2024

February 2024 Report

I’m off to a slow start in the year and lagging the market. I eked out a small gain of 0.99% in February with Visa and Mastercard doing the heavy lifting, while Apple (my largest position) declined ~ 2%. Am I concerned? No, the goal is simply not to lose money at this point. A super gain would be nice, but steady growth and some income is the way to go for me now. I am still on the hunt for a decent growth company with a dividend payout.

Here’s a current breakdown of my main portfolio with the dividend yields (adjusted to my cost basis). 

When I started, I really did not pay attention to the dividends, but over time the dividend payouts have contributed positively to the portfolio. Right now, I’m simply reinvesting the dividends into the purchase of additional shares, which has nice compounding effect. Dividend paying stocks are the way to go over the long run. For example, my very first purchase of Visa is now yielding 18.90%. I am finally realizing the power of dividends! 
No arb plays at the moment, just selling some puts on high volatility stocks (Tesla, Nvidia, etc...) to generate small income. 

That’s it for now…
2024 Performance = + 1.01% with the running monthly returns as follows:

January + 0.02%
February +0.99%


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