02-27-2023, 02:46 PM
(This post was last modified: 02-27-2023, 02:52 PM by ken-do-nim.)
(02-23-2023, 11:59 AM)EricL Wrote: Here's my latest portfolio update, published a few days ago on Seeking Alpha.
It was a good year in a tough market. Portfolio dropped a bit but beat the market. Income was up 14.27%.
My favorite part is the chart on your target income vs. actual income by year; congrats that you beat the target every year! Given that you are already ahead of next year's target, are you going to readjust the numbers?
I sat down to do a similar chart for my own portfolio, but then I ran into a distinction I needed to make of fixed dividend payers vs. variable dividend payers. Maybe you don't have any variable dividend payers; by far my biggest both position-wise and payment-wise is ZIM, a shipping company who pays a percentage of their net profits every quarter as a dividend. I ran into some other challenges that you don't probably have.
1) HTGC does this little numbers game where every quarter they announce 2 payouts; the actual dividend payment, and a bonus dividend payment. By just looking at the actual dividend payment, they are a true DGI company, and they just raised the dividend from 0.36 to 0.39 for the next payout. However, they lowered the bonus they'd been giving from 0.15 to 0.08, so my net payout will be smaller.
2) I count SCHD as a variable dividend payer, but the payout is definitely getting larger over time.
3) I don't know how much new money I'll be able to contribute in any given year yet. Your 10% increase every year seems to imply that you don't have any new money coming in.