Welcome to this month’s report.
It finally happened. The S&P 500 went 227 days without a 5% drop, and now that streak has been broken.
Stocks had their worst September in a decade, and the lowest monthly return since March 2020. I remember those days. 😱
I think this is much needed healthy correction. As the S&P 500 is still up 15% YTD, to add some perspective.
We will see if this turns out to be the start of longer downtrend or not. But it is always best to have an investing plan, by having asset allocations and knowing risk tolerances.
Personally, the preference is to have much lower prices during the accumulation phase, but it is also fun to see the net worth move up every month.
This month was rough on portfolio value (3rd worst monthly $ decline ever), as a lot of individual names are well into correction territory. But annual divided income did increase with some additional purchases. 😉
Below is the dividend income received during September: (Values are in USD)
ADM – 24.05
ALE – 25.20
AVGO – 39.60
AWK – 48.20
AWR – 20.08
CHD – 26.51
DFS – 23.00
ESGV – 13.31
JNJ – 53.00
MCD – 27.09
MMM – 37.00
MSFT – 16.80
NDAQ – 13.50
NEE – 5.78
O – 10.60
PEP – 21.50
PEP* – 21.79
RDSB* – 14.11
ROST – 7.98
SJM – 22.77
SJW – 23.80
SO – 42.90
TGT – 58.50
UNP – 21.40
UL – 30.19
VTI* – 12.54
WCN – 6.77
WM – 29.33
WMT – 22.00
WTRG – 21.46
YUM – 8.50
September Dividend Totals: $749.26
Total Payouts: 31 (positions marked “*” are held in an IRA)
Month Increase YoY: -2.2%
So close to matching the totals from last year, but the decrease this month was from reallocating a couple of positions mid year for better diversification so all is good.
Deployed more cash than usual this month, as an attempt was made on buying the dip that kept dipping.
Bought one share of AVGO and TMO.
A couple shares of ACN and KLAC.
And a few shares of KKR, LOW, LPX, YORW and ZTS.
Have been trying to not buy anymore water utilities but YORW was too tempting with the 20% one month drop. Will see if it continues to fall this month.
Also did some index fund buying at the end of the month as it is easier to capture total market down turns all at once.
Portfolio Top 13 Holdings:
- Target Corp (TGT)
- American Wtr Wks Co Inc (AWK)
- Microsoft Corp (MSFT)
- Church & Dwight Co Inc (CHD)
- Johnson & Johnson (JNJ)
- Waste Management Inc Del (WM)
- General Mills (GIS)
- PayPal Holdings Inc (PYPL)
- Thermo Fisher Scientific (TMO)
- Lowe’s Companies Inc (LOW)
- PepsiCo Inc (PEP)
- Discover Financial Services (DFS)
- Accenture Plc (ACN)
The new name that made the list is LOW, mostly due to the purchase but it also held up pretty well this month. The two top holdings have had troubles in share price recently, both down 10-15% from highs.
A lot of these names are still expensive valuation wise so price declines can be expected.
Have a great month – the journey to financial freedom continues.
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