April 2021

April 2021, the month of the Doge! In a month where Dogecoin rose 528%, this mere mortal not only underperformed the mighty Doge, but also the S&P 500! Nevertheless, a gain is a gain. Read on to see how the income portfolio performed.

Overview

If you aren’t familiar with the Income Portfolio, check it out before you read on. This series is primarily focused on monthly portfolio updates.

On a personal front, we are getting closer and closer to moving into our new house. April saw the resumption of construction activities in Ireland, we are hoping to get our keys by the end of May!

If you read my March update, you will know that there were a few new names on my watchlist. It’s always fun to add a new name to the portfolio, and in April I added four.  I will outline their initial performance below. Although the returns for April may not have been as high as I would like, it was still a positive month overall for me.

Crunching the Numbers

Savings: €1,600 saved.

Pension: €562.50 contributed. Half by my employer, half by me. My contributions cost me €168.75 in after-tax income.

Income Portfolio: $557.17 contributed in April. Figures for the income portfolio will be stated in USD as that is the primary currency the stocks are denominated in. Currency risk will play a role in the returns for this portfolio but as we know from our risk post, that can work both ways.

Passive Income: In April I added an estimated $23.71 in future yearly dividends.

The Income Portfolio Returns

As a benchmark, the S&P 500 returned 5.24% in April. The Income Portfolio returned 2.46% in April. A relatively large underperformance, but after last months overperformance, I’m not too disappointed. April was a solid month for dividend income. I know in the grand scheme of things it’s not much money, but it’s relatively early in the life of this portfolio and the amount should increase for years to come.

Dividends Received: 

  • CRWS– $1.33 received.
  • RIO– $4.08 received. $3.14 of an ordinary dividend, and $0.94 of a bonus. (Figures have been converted to USD from GBP and rounded).
  • KBAL– $0.64 received.
  • STLD– $0.43 received.
  • MSC– $1.92 received.
  • CSCO– $2.17 received.

Total Dividends Received = $10.57

Stocks Added in April

There were four new positions opened in April. Below you will find the one-month performance of each.

RGR– Sturm Ruger & Co. 

  • Number of Shares – 1
  • Purchase Price – $67.06
  • Dividend Yield at Purchase – 4.24%
  • Closing Price – $64.94
  • Return – -3.16%

SPTN– SpartanNash Co.  

  • Number of Shares – 3
  • Purchase Price – $19.41
  • Dividend Yield at Purchase – 4.12%
  • Closing Price – $19.37
  • Return – -0.20%

MTEX– Mannatech Inc.  

  • Number of Shares – 3
  • Purchase Price – $20.87
  • Dividend Yield at Purchase – 3.07%
  • Closing Price – $19.46
  • Return – -6.75%

TX– Ternium S.A 

  • Number of Shares – 2
  • Purchase Price – $38.53
  • Dividend Yield at Purchase – 5.45%
  • Closing Price – $39.09
  • Return – 1.45%

In the grand scheme of things, the first months’ performance of a stock in this portfolio doesn’t really matter. However, I feel it is good to outline for transparency reasons.

May Stock List

All of the below stocks are on my list to purchase in May. I have added €350 to the account for the month.

  • CRWS
  • MTEX
  • SPTN
  • TAIT
  • TX
  • RGR
  • NEM
  • NC
  • RIO

Only one newcomer to watch out for in May, but a lot of old names still meeting the criteria to be added to the portfolio.

Other Interesting Items

I had some fun last month including this new section, so I think I’ll keep it up for a while. I’ll touch on some things that I am finding interesting.

Another new podcast has been added to the rotation, Bankless. If you read last months’ update you will know that I have started to get interested in crypto. This is following along the same lines. Expect to see more about crypto in the coming months. Although I’m not an active investor (yet), there are some DeFi projects that I may explore soon. if there is interest, I may even write a post or two about them.

In a move that is the complete opposite of the “hustle 24/7” mindset of a lot of FIRE twitter, I have started to watch two series on Netflix. “Shadow and Bone” is the first. As a fan of Harry Potter and The Lord of The Rings, this is right up my street. Worth a watch for you Fantasy fans out there.  “Superstore” is the second (late to the party I know). A nice easy watch with a decent number of laughs. Nothing too serious but there are worse ways to spend 20 minutes.

As always, this post is not a recommendation to buy the above list of stocks. It is for informational purposes only. Before investing your hard-earned money, make sure you do your research.

The Stoic Trader

Posted in Income Portfolio, Monthly Updates and tagged , , , , , .
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