The Money Tree

Safely Generating Income in Retirement

Archive for September, 2018

Long Term Portfolio – Q3 Update

Posted by mounddweller on September 29, 2018

Fellow investors,

Here’s an update on my long-term stock portfolio at the end of Q3.  Readers will recall this is my portfolio of MLPs and dividend growth stocks.  In Q3 I added to one stock in my holdings, I purchased an additional 100 shares of AT&T (T) at a net cost of $3,117.95.  I think adding to T enhances my long-term holdings, especially at the bargain price at which I was able to acquire it.  My yield on cost (YoC) is a substantial 6.76%.  There’s been a lot of speculation about T’s ability to service its debt and continuing to pay a hefty dividend after acquiring Time Warner.  However, having worked directly with executives and the professionals in the Finance Department at T for many years I have confidence in their analytical abilities and conservative judgement.

Now let’s take a look at what’s been going on with the rest of the portfolio.  Most, but not all, of my holdings have continued to participate in the US stock market’s trending higher.  This has resulted in the total value of my long-term portfolio increasing by 4.23% in Q3 and  9.02% YTD in 2018 (after accounting for the purchase of additional shares in T).

A couple of my holdings announced dividend increases in Q3.  The net effect is my annualized dividends have increased by $344.29, a little over half of which comes from my additional shares of T.  My YoC across all of my long-term portfolio increased to 7.74%.

The Long-Term Portfolio tab contains a chart showing all of my holdings and their performance to date.



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