My super boring dividends portfolio report for the Grow Your Dough Throwdown: Month of May.
I'm a little slow with getting my latest update up because I've had Life Things going on. This update on my dividend portfolio is for the month of May. You can read April's update, and read about my original dividend portfolio composition. You can also see an update on how the other blogger portfolios are doing.
I'm pleased that, so far, I'm doing pretty well. My dividend portfolio isn't the best performer, but it's usually in the top few. Not because I'm a genius, but rather because most of my picks are funds that go along with market performance, which means that they are doing well because the market is up. (Apparently my fund choices are also working out for NPR's Uri Berliner.)
Anyway, here is what things look like as of the end of May:
As you can see, I've had a return of more than $113 so far this year, which is pretty cool, if you ask me. I'm still annoyed about the cash sitting there, though. I'd like to reinvest it, but the way Kapitall is set up, I can't. I have free trades left, but they are credited to me manually, after the fact. So, in order to buy more of the cheapest thing in my portfolio (a little more than $14 per share), the $7.95 cost is charged to me. I'm just a little short of having enough to cash to cover the cost of a share + fee. The fact that fee will be refunded doesn't change that fact that I can't add new money to my account. So it's a bit of a pain.
But, at the end of June, I'll have more dividends coming, so that should bump me up enough to buy that share. As long as it doesn't rocket higher in price. But I doubt it will go up that much. So I've got a month of letting the cash sit there uselessly. Ah well. Such is life.
In other news, this month I also opened an investing account for my son. It's where a good chunk from his earnings from working in my home business will go from here on out. We talked about it beforehand, and he got excited about the prospect because he's thinks it's cool that his savings account results in a FREE dollar about every four months, and that it is accelerating as he adds to it.
After looking at my challenge portfolio, and seeing what I'm earning there, he about fell all over himself in agreeing that he needs more investing in his life. Of course, he's still a normal pre-teen child, so he doesn't want all his money going into the custodial account. There are still so many Lego sets and video games to buy.
But it's a great step forward, and he sees how helpful it can be to invest, and start investing now.
So May was a great month for our finances. My portfolio continues to do reasonably well, which is all I ask of it, and my son is now interested in building up his nest egg.
Now, if only the rest of my life could be so easy.