The large amount of comments and feedback on my first post in five years had one large theme in common: “We want to see an update of the (dividend) portfolio, NMW, pronto!” Who am I, then, to refuse the wisdom and wishes of the crowd?
I have already given a little sneak peek at my total net worth in the past few days, but let us lift the shroud fully and dive into full detail.
The monetary aspect of financial independence might not be the most important, but ultimately it’s what makes the feeling of freedom possible for us. Hence, it is no surprise that most people enjoy going over the numbers. I do enjoy reading up on others’ net worth or portfolio updates too, going as far as cheering them on and getting a boost from it myself.
So how much has my portfolio changed? Quite significantly!
First, I have exited some stocks that I felt didn’t line up with my moral code or view on the future anymore. Lots of big dividend payers like BP (BP), Royal Dutch Shell (RDSB), and TotalEnergies (TTE) have therefore gotten the boot. Even though they are still reliable companies, I don’t necessarily feel like they are part of the future, or at least of my future.
Second, some companies have underperformed, going as far as having cut their dividend payouts. These I have also swapped out. Reluctantly at times, but we’re aiming for dividend growth, not dividend decline, of course. General Electric (GE) is the most notable stock that I have sold. Another American bluechip company that I have let go is International Business Machines (IBM) because of its lackluster growth and, to be frank, complete incapability of moving forward with any new technology.
Third, there are lots of newcomers. Healthcare giants like Abbvie Inc. (ABBV), Amgen (AMGN), Bristol-Meyers Squibb (BMY), and Pfizer (PFE) joined the ranks, together with technology companies like Apple (AAPL), Intel (INTC), and Microsoft (MSFT), among others. Closer to home, I’ve also scooped up BASF (BAS), Group Bruxelles Lambert (GBL), Ahold-Delhaize (AD), and Warehouses de Pauw (WDP).
On top of that I have also bought more into certain positions when I felt those companies were undervalued.
So without further ado, here’s my dividend stock portfolio at the moment. Please keep in mind that all numbers are in Euros. The cost basis for each position includes the price of the shares, a 0.27% stock market tax and brokerage fees. Reinvested dividends count towards the cost basis, thus skewing the relative total gains lower.
|Ticker||Company||Shares||Cost basis||Mkt. Value||Gain|
|BHP||BHP Billiton plc||110||1,908.56||3,941.28||106.51%|
|DE||Deere & Company||7||452.61||2,692.13||494.81%|
|GBLB||Groupe Bruxelles Lambert SA||20||1,965.60||1,870.40||-4.84%|
|HOMI||Home Invest Belgium||60||5,427.96||7,200.00||32.65%|
|JNJ||Johnson & Johnson||20||1,769.41||3,348.87||89.27%|
|AD||Koninklijke Ahold Delhaize NV||120||1,972.37||3,668.40||85.99%|
|NG||National Grid plc||400||5,079.95||5,841.40||14.99%|
|PG||Procter & Gamble||40||2,687.73||5,887.92||119.07%|
|ROG||Roche Holding AG||15||3,418.52||5,871.81||71.76%|
|S32||South 32 Ltd||48||20.04||171.21||754.33%|
|KO||The Coca Cola Company||17||540.05||997.66||84.74%|
|VZ||Verizon Communications Inc.||100||4,387.88||4,921.62||12.16%|
|WDP||Warehouses De Pauw||175||2,341.85||6,982.50||198.16%|
That’s quite a significant leap from my last net worth update at the beginning of 2017. My portfolio has grown by nearly 90 thousand Euros, even though I have only added and re-invested 40 thousand Euros. To me that constitutes and feels like high growth with very little effort.
Some individual equities have seen tremendous increases in the past few years: Apple (AAPL) because of its dominance in the mobile and smartphone market, John Deere (DE) because of its large moat, even McDonald’s (MCD) for having perfected its franchising business, and Warehouses De Pauw (WDP) for being the backbone of many (online) businesses. Others have really let me down, despite their supposed strong business model, beer giant InBev (ABI) being the most notable among them.
To conclude then, I’m really happy with where I currently stand.
At the moment my portfolio throws off 3,682.73 Euros in forward income. That’s over 300 Euros every single month, without having to lift a single finger! The only thing I have to do each morning is to wake up and enjoy the work-free paycheck from these companies.
As previously mentioned in another article, I’ve been saving up for a new home, so the amount of stock purchases have tapered off the past two years. However, with my old home being sold, and having moved into my new place, I’m looking forward to growing the portfolio further the coming years. I still love the idea of building my own win for life fund.
As we all know, time in the market beats timing the market, so I can’t wait to purchase more great companies as soon as possible. Currently I’d love to add more 3M (MMM) and Unilever (UNA), which are both trading very low or slightly under a fair price, in my opinion.
Which dividend stocks are on your radar or would you still like to add?