Tech has been decimated this year. The Nasdaq is down 21% ytd as the S&P is only down 13%. I generally use the S&P as a barometer to deploy cash. However, I could not resist buying more than I had anticipated due to some of my long stocks being decimated.

The funny thing is, market movements such as the one we had this month doesn’t bother me much anymore. When you know you do not need the money anytime soon, it is far easier to view these events as opportunities to accumulate.

As Warren Buffet says, you are buying businesses when purchasing stocks. And that is exactly how I view it! My concentration in individual stocks has been climbing this year. If this correction digs deeper into the red, I will likely concentrate more.

As for this dividend portfolio, the goal remains the same. Hit that $10,000 in annual dividends!

Time for an update!

 

Notes

• Large rise in ARM mortgages can be concerning down the line.
• Rising rates will likely help bring home and auto prices down.
• Many corporations will likely spend less in capex and begin to delever.
• Commodity shocks happen quite often.

• US GDP came in -1.4% in Q1. When bad is good news.
• 2022 is one of the worst performing years for the S&P index looking at the YTD returns ending April! Interesting!

• I expect inflation to moderate towards the latter half of this year.
• I expect fed funds rate to end the year at about 2%-2.5%. (Revised)

 

Buys and Sells

• Net contributions to this portfolio is: $2,833.19

 

Pass Go Collect Dividends!

• Total dividend generated for the month is $744.88 🎉🎉🎉

 

Dividend Announcements

• Blackstone Inc decreased dividends by -9% from $1.45 to $1.32
• Raytheon Technologies raised dividends by 7.8% from $0.51 to $0.55 🎉🎉
• Apple Inc raised dividends by 4.5% from $0.22 to $0.23 🎉

 

Portfolio Snapshot

• Monthly dividend is up 187.9% yoy.
• Projected annual dividend is up 44% yoy.
• YTD Dividend income: $3,371.92
• The portfolio consists of 14 holdings down from 15 last month.

Slow but surely, the divy grows!

That wraps up the month! Till the next! 🤠🚀