11-03-2022, 06:25 AM
October 2022 Portfolio Update
This was a slower month from an activity perspective so this one should be briefer.
The biggest news is that this was a monster dividend month for me, easily the highest I have ever had and also the highest ever - not counting LYB's special dividend in June - in my Taxable Account. This was the case even though I sold OGE, an October payer, late in September. Significant gains compared with both 2021 and this July.
You will notice a decline in my Taxable Account forward 12-month dividend income projection. This was for two reasons. One is the OGE sale I mentioned, the other is a tax-loss sale of BBY on 10/31 I'll discuss more below. I had not bought anything with those funds as of the end of the month. I spent half on November 2 for TROW and WHR and this has already reversed that number.
One other interesting note. I made a small withdrawal from my Taxable Account to cover ongoing expenses. Despite this my Taxable Account still outperformed my IRAs for total value. This was a surprise as the IRAs have what I consider "growthier" stocks which should outpace my Taxable Account during a strong market - and drop more in a weak market. For now a one-month surprise is something I'm chalking up to short-term vagaries. And for all I know the Nasdaq may have gained less than the S&P. My IRAs have a lot of tech.
As usual, overall and IRA dividend comparisons with a year ago are meaningless as I didn't have the IRA then. Comparisons with July are valid.
Here are the numbers.
Metric IRAs Taxable Total
Buys 3 0 3
Sells 0 3 3
Dividend Increase
over October, 2021 731.26% 34.96% 83.03%
Dividend Increase
over July, 2022 13.96% .70% 5.75%
Change in value
over 9/30/22 6.17% 7.46% 7.37%
Current Dividend Yield 1.80% 3.14% 2.42%
Change in 12-mo
projected Dividend
Income fr 9/30/22 1.40% -.51% .22%
Organic/Internal
annual DGR 14.88% 10.37% N/A
Taxable Account Transactions
Sales:
Roth Transactions
Buys:
Dividend Increases:
The BBY sale was the close of a tax-loss move. I had gone overweight BBY on September 26 with a buy at $68. On October 31 I sold the same number of shares, all bought earlier this year at $95-$99. As of the end of October I had not done anything with that cash or with what I had from selling OGE in September.
In the Roth I made an IRA conversion of about $10k in September. I split that money between AMD and KLAC at $300. I made another conversion of received IRA dividends and picked up some additional KLAC at $265.
Going forward I shouldn't need to sell anything from my Taxable Account the rest of this year. I have about half of the OGE/BBY cash left and plan to buy something. Right now TROW, WHR and AVGO if it drops to $410 are most likely though with enough market movement others could come into play.
I will make another IRA conversion once $1k in dividends have accumulated. At this precise moment in time MSFT at $220 has finally gotten to where I'd buy more but I won't have the cash until later this month. If it heads back up there are plenty of choices.
Happy investing everyone!
This was a slower month from an activity perspective so this one should be briefer.
The biggest news is that this was a monster dividend month for me, easily the highest I have ever had and also the highest ever - not counting LYB's special dividend in June - in my Taxable Account. This was the case even though I sold OGE, an October payer, late in September. Significant gains compared with both 2021 and this July.
You will notice a decline in my Taxable Account forward 12-month dividend income projection. This was for two reasons. One is the OGE sale I mentioned, the other is a tax-loss sale of BBY on 10/31 I'll discuss more below. I had not bought anything with those funds as of the end of the month. I spent half on November 2 for TROW and WHR and this has already reversed that number.
One other interesting note. I made a small withdrawal from my Taxable Account to cover ongoing expenses. Despite this my Taxable Account still outperformed my IRAs for total value. This was a surprise as the IRAs have what I consider "growthier" stocks which should outpace my Taxable Account during a strong market - and drop more in a weak market. For now a one-month surprise is something I'm chalking up to short-term vagaries. And for all I know the Nasdaq may have gained less than the S&P. My IRAs have a lot of tech.
As usual, overall and IRA dividend comparisons with a year ago are meaningless as I didn't have the IRA then. Comparisons with July are valid.
Here are the numbers.
Metric IRAs Taxable Total
Buys 3 0 3
Sells 0 3 3
Dividend Increase
over October, 2021 731.26% 34.96% 83.03%
Dividend Increase
over July, 2022 13.96% .70% 5.75%
Change in value
over 9/30/22 6.17% 7.46% 7.37%
Current Dividend Yield 1.80% 3.14% 2.42%
Change in 12-mo
projected Dividend
Income fr 9/30/22 1.40% -.51% .22%
Organic/Internal
annual DGR 14.88% 10.37% N/A
Taxable Account Transactions
Sales:
- 10/17/22 – AAPL, $142.50
- 10/24/22 – AAPL, $150.00
- 10/31/22 – BBY, $68.64
Roth Transactions
Buys:
- 10/7/22 – AMD, $62.50
- 10/14/22 – KLAC, $300.00
- 10/14/22 – KLAC, $265.00
Dividend Increases:
- ITW - $1.22 to $1.31/sh
- LRCX - $1.50 to $1.725/sh
- MO - $.90 to $.94/sh
- PM - $1.25 to $1.27/sh
The BBY sale was the close of a tax-loss move. I had gone overweight BBY on September 26 with a buy at $68. On October 31 I sold the same number of shares, all bought earlier this year at $95-$99. As of the end of October I had not done anything with that cash or with what I had from selling OGE in September.
In the Roth I made an IRA conversion of about $10k in September. I split that money between AMD and KLAC at $300. I made another conversion of received IRA dividends and picked up some additional KLAC at $265.
Going forward I shouldn't need to sell anything from my Taxable Account the rest of this year. I have about half of the OGE/BBY cash left and plan to buy something. Right now TROW, WHR and AVGO if it drops to $410 are most likely though with enough market movement others could come into play.
I will make another IRA conversion once $1k in dividends have accumulated. At this precise moment in time MSFT at $220 has finally gotten to where I'd buy more but I won't have the cash until later this month. If it heads back up there are plenty of choices.
Happy investing everyone!