June 2021

The rollercoaster of investment life continues! After underperforming the S&P 500 in April, and outperforming it in May, it was back to underperformance in June!


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.

As is the norm, I’ll start by saying we are getting closer to moving house. It feels like the closer we get the farther away the move is, but I can say for certain that we will be in our new home in July. Considering we bought the house in September 2020, it has been a long and covid delayed road. It’s not all negative though. The extra few months allowed us to save a bit of extra money for decorating the new house.

There was one new entrant to the income portfolio in May and the initial performance was poor, but this is a long term portfolio so I try not to get bogged down in the month to month fluctuations.

Crunching the Numbers

Savings: €0 saved. Don’t worry, I haven’t lost the plot. In the lead up to the house completion, we decided to forgo savings in June to clear some of the solicitors’ fees etc. that comes with moving house. You can expect this figure to be much lower than €1,600 per month going forward as our mortgage kicks in.

Income Portfolio: $368.49 contributed in June. 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 June I added an estimated $15.99 in future yearly dividends.

The Income Portfolio Returns

As I mentioned in the intro, I underperformed the S&P in June. The S&P 500 returned 2.22% in June. The Income Portfolio returned -1.58% in June. An underperformance of 3.80%. It’s not all bad news though. June was the first negative month for the Income Portfolio this year. It is also a great reminder to not get too carried away with the positive months, a negative one may be just around the corner. Although the month ended in negative territory, it could have been much worse. At one point in mid-June, the portfolio was down 5.3% for the month. I’m glad it didn’t end there!

Losing months also give me a chance to work on and improve my psychology. As this is an income portfolio with set entry and exit rules, the monthly returns shouldn’t have an impact on my investing. In practice, it is easier said than done. When dealing with a losing month, I like to try and re-frame the loss. If the stocks I own have fallen and had a negative return, it gives me a great chance to buy the same stocks at a lower value (providing they still meet my criteria). If the price has fallen but the underlying thesis hasn’t changed, the stocks are on sale! Re-framing my thoughts in this manner let me forget about the losses relatively quickly and got me excited to invest again in July.

Dividends Received: 

  • TAIT: $0.40 received.
  • RGR: $1.72 received.
  • HNNA: $1.51 received.
  • PFE: $1.56 received.
  • EVR: $0.68 received.
  • MTEX:$0.80 received.
  • NC: $2.57 received.
  • HVT: $0.75 received.
  • NEM: $2.20 received.
  • JNPR: $1.35 received.

Total Dividends Received = $13.54

Quite the month for dividends! Seeing the dividends coming in throughout June was encouraging. Although the amounts are small, the portfolio is less than a year old. I’m looking forward to the next 5 to 10 years to see how the monthly amounts grow.

Stocks Added in June

There was only one new stock added to the portfolio in June, Southern Copper. Below is the performance for June.

Southern Copper

  • Number of Shares – 1
  • Purchase Price – $71.89
  • Dividend Yield at Purchase – 3.90%
  • Closing Price – $64.32
  • Return – -10.53%

As I have said previously, the initial performance of the stock isn’t of any great concern. Sure, a 10% loss in the first month isn’t nice but isn’t hugely relevant to the long term portfolio. I do feel like it is relevant to share for transparency reasons.

July Stock List

All of the below stocks are on my list to purchase in June. I have added €450 to the account for the month.

  • ALCO
  • CIX
  • EDUC
  • NC
  • NEM
  • RGR
  • RIO
  • SCCO
  • TAIT
  • TX

More names than usual and three new additions will be made in July.

Other Interesting Items

While I’m still arsing around in the world of crypto, my recent rug pull experience means I only have around 10% of the funds I had so it’s hard to get too excited about it. On a more positive note, I have decided it is about time I learned to code. I know a few small bits and pieces in CSS and HTML from running websites, but it’s time to get into something a bit more serious. I have an idea for a blockchain app that will take serious programming skills, but before that, I’m jumping into Python. For anyone interested, there is a fun game called Code Combat that promises to teach you Python via an in-game experience. I’m not sure how useful it will prove to be but I’m having fun playing it anyway!

On a more entertaining note, I have been listening to The Lazarus Heist podcast. It’s a 10 part series detailing the hack on the Bangladesh Central Bank along with other notable hacks (Sony). A well-told story and a frightening insight into how easy it can be for hackers to access billions of dollars. If it isn’t an advert for decentralisation I don’t know what is.

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

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