Major Changes to my Dividend Stock Portfolio | Portfolio Update #5

I sell 14 of my holdings and buy $5k in new dividend stocks. Throughout this video, I update you on my long term dividend stock portfolio, share my dividend income, and discuss all the major additions and subtractions I’ve made in this time. I explore the importance of diversification through a clip from Warren Buffett and Charlie Munger. My portfolio's current value is $36,583. Through most of September the market has seen a significant drop off, which has created many buying opportunities. I've made purchased AT&T, ExxonMobil, Disney, Apple, Walgreens, FRT, ED, Pepsico, and Chevron. Comment Below if you're buying any of these dividend stocks right now!

Recent Videos:

Monthly Updates:

Timestamps:
Intro: 0:00
Overall Portfolio Data: 0:36
Warren Buffett on Diversification: 3:01
Selling Stocks & My Framework: 7:14
My New Buys: 8:45
Stock Watchlist: 12:10
Outro: 12:25

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Disclaimer: This is my opinion and not to be considered financial advice

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[cardinalhistory]

This channel has been growing like Tesla stock.

[cdepascale]

After listening to Buffets speech; I think there is a difference between someone like me who has less than $100k to invest and someone who has a large hedge fund (+$10m).

We have limited information, and less chance of actually getting to know the CEOs of the companies we want to own. Buffet makes a phone call, and managers will clear their day for the chance to have a 15 min talk with him, in the chance that he will buy 10% of their company. He gets to know the managers and executives.

We cannot do that, so for us, 3 stocks is too little I think, because if Exxon, (or Enron in early 2000s) would be one of our holdings, your portfolio will shrink *really* fast. So at that point, you either buy SP500 ETF or you diversify to limit your downside. Now 10 stocks isn't too diluted a portfolio, but 3 I think is way too few for safety

[goldenstatestacker]

Yes make a video on Exxon’s dividend safety

[ericbown]

Lol I’m on your team...I’m retired and had a awful time during the the crisis, I’m based in uk and the uk stocks have been crippled over the years. Compounded by most companies stopping dividends.Taking major portion on my income away, Exxon and AT&T are great for revenue and keep my head above water.

[dangbui]

energy is my favourite, buy Next Era, Xcel Energy, Duke, ...They have the monopoly, decent dividend yield, strong balance sheet, and some player actually out perform SP(Next Era)
Nice video!!!

[adamb]

I severely cut down on the number of stocks I had as well recently. Choosing instead to focus on 12 stocks.

Microsoft, Apple, Disney, AT&T, Coca Cola, Cedar Fair, McDonald’s, Lockheed Martin, Union Pacific, Carnival Cruise, Sony, General Mills.

I currently have 3 ETF’s, S&P 500 index, Vanguard Energy, and the JETS etf.

I try to average into them as I go along, with x2 amount in my ETF’s.

[loustj]

I would never put all of my money in one stock.

[therealgingerwhippet]

Would be really interested in a video on how you create and manage your shares and dividends through a workbook (assume excel?) and calculate your forecast yields returns etc. Finding your videos really useful 👍

[zachlloyd]

What is your opinon on NextEra? They are on pace to pass Exxon in the energy industry.

[simplydividends]

It makes perfect sense. I guess it comes down to your own confidence of the skill you have to pick the winners. Ultimately, if we all only had 3 stocks, most of us will not beat the market or even come close, the risk if far higher. I certainly get that you can be over diversified in individual stocks. At some point you might as well just own an index fund or etf. Plus, there is no way you can have a deep understanding and keep up with the information of 30+ companies, even if it was your full time job.

I think a reasonable balance would be to look at owning around 20 stocks. Some will do very well, some may not. But at least you have some ballast to your portfolio. Luckily, dividend paying stocks and companies with strong financial credentials tend to not be as volatile, as we get a regular income as a reward. But even giants can fall, and I personally think its just too risky to bet on just a few companies.

Id admit I am probably not even 1% as smart as Buffett, that's why I choose to mostly hold ETF's, then I use a small portion of my portfolio to hold around 20 stocks. I might slightly beat the market, or I might slightly underperform, but I'm not going broke. I focus on what I have more control over, and that's the amount of cash I can generate myself to invest, as that is the most important thing to 99% of investors like us because we are starting from the bottom.

[BiggBrotha]

I got my very first dividend payout from GE !! A mindblowing $0.06. I'm wondering, wish mansion I should buy? I'm crying alittle inside.

[yogauniverse]

I purchased $6500 this month. The most I have ever spent in one month. I have only 10 holdings: MSFT, FB, DIS, WMT, AAPL, VZ, AXP, UNH, TM, GS. I plan to add a few more companies that yield better dividends.

[FinancialShinanigan]

Always good to trim stocks when needed, I also went from 50 stocks down to 25 and in the process of lowering my holdings to 20. I'm growth focused as opposed to your dividends but same rule still applies

[HiddenFreedom]

Only one of the 14 I own. CSCO. Not quite sure why you sold CSCO given you're underweight tech and wanted to build it. I'm almost all but certain XOM will cut in Oct. It's not going to be a 50% cut most likely either. I'm guessing more like 70%. I'm not looking forward to it. Technically they have until the end of the year to raise, but I doubt they will.

[davidwild]

Try some biotechnology stocks. ABBV, PFE and MRK have good dividends.

[weldingsolutionskck]

Next step...learn to sell call options against your 100 lot positions. You can double you dividend. Good video.

[Nemo-ynsp]

Thank you. Why did you sell IRM? I have ABBV, T, and IRM in a $34K account that if all remains the same, should provide a beginning dividend of about $1900/year, which is currently being reinvested. Have you looked at PRU or WGB? First time viewer. :)

[AMC-Hawkeye]

i dropped 7k on XOM stock, at 32.90$ a share, hoping that i struck gold. as my first time in the market, and having very little knowledge, i was interested in the dividend it gives, and it being the largest energy in the US. but i got tired of keeping my money in the bank, and in hopes to make money with my money instead of just saving it. never ever was a stock person, but now that im in, its kinda addicting gambling kinda feel.

im interested in AT&T, but scared of the tech market, its been doing great and still doing great, but i feel it'll hit a roof and that i'll be buying high, unless the belief is tech will continue to explode and keep the ceiling going higher, as a beginner i feel uneasy about it.

[sjenkin]

Hey man, really enjoy the videos and I’ve recent began to change my portfolio based on things I’ve learned from your videos; just a quick question, when your going through your holdings what do you meant by starting yield and compounded yield?