My Dividend Growth Portfolio March Update: Still Accumulating Cash

Apr. 10, 2023 3:17 AM ET, , , , , , , , , , , , , , , , , , , , , , , , , , , , , 16 Comments
Wyo Investments
2.92K Followers

Summary

  • The portfolio remains at record high levels of cash holdings, which is fine for the first time in a long time, cash is providing a decent return.
  • Income growth is projected at 7.9% for the year, up from last month. This was primarily due to including an estimated return on cash.
  • The Intel position has been completely disposed of and replacement positions purchased.

A panoramic view. Winter landscape. Christmas wonderland. Magical forest. Meadow covered with frost trees in the snowdrifts. Snowy wallpaper background.

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It's hard to believe we already have one quarter in the books for the year. Against my expectations, the markets are incredibly strong right now. It appeared they might fold when SVB collapsed, but they have shown some resiliency and

This article was written by

2.92K Followers
I spent 20 years in the natural resource sector in project development, project management, and business development. I typically invest in dividend growth stocks, although I do have an large investment property portfolio. In the past I have invested using momentum strategies, option strategies, and focused on growth stocks. However in 2009 I converted almost entirely to dividend growth investing as I found this was most in line with my investing goals, and allowed me to sleep easy at night! While I "retired" at 42, so I could be home to take my daughter to school, pick her up, and attend her events every day.  My many areas of investing allowed me to do this relatively comfortably, although time will tell if I stay retired. UPDATE: I recently accepted a position, not because I had to, but because I wanted to. It's amazing the difference work is when you are choosing to be there, rather than having to work.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ABT, ADP, AMP, AAPL, BBY, BX, CMCSA, CME, CVS, EPD, FIS, HD, JNJ, LOW, MO, O, PEP, PRU, SCHD, TSCO, USB, V either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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