{"id":6026,"date":"2023-11-02T12:46:22","date_gmt":"2023-11-02T12:46:22","guid":{"rendered":"https:\/\/connectwithfund.com\/news\/dividend-harvesting-portfolio-week-138-13900-allocated-1219-60-projected-dividends\/"},"modified":"2023-11-02T12:46:23","modified_gmt":"2023-11-02T12:46:23","slug":"dividend-harvesting-portfolio-week-138-13900-allocated-1219-60-projected-dividends","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=6026","title":{"rendered":"Dividend Harvesting Portfolio Week 138: $13,900 Allocated, $1,219.60 Projected Dividends"},"content":{"rendered":"
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This was another difficult week for the markets as the S&P 500 fell -1.91% and the Nasdaq declined by -1.82%. Core PCE increased 0.3% MoM, which was the largest jump in 4 months, and all eyes are now fixed on the Fed. On <\/span>Wednesday 11\/1 we will get the Fed interest rate decision at 2 pm followed by the Fed press conference at 2:30 pm, where I expect Jerome Powell to be overly hawkish once again. <\/span>CME Group is projecting that there is a 99.9% chance that the Fed holds rates where they are, and their projection for December changed since I last checked, as there is now an 80.1% chance rates remain steady at the December meeting. We’re facing a critical point, and the Fed doesn’t have much room to thread the needle between their dual mandate of maximum employment and price stability. As geopolitical tensions add an additional dynamic to the macroeconomic environment, the Fed is being backed into a corner. We’re going to have to wait and see what occurs, but I am not expecting a Santa Clause rally at this point and feel that the more likely scenario is that the markets will need to navigate choppy waters throughout the rest of 2023.<\/span><\/span><\/p>\n

The Dividend Harvesting Portfolio took another hit this week as it slipped further into the red. This was the 5th<\/sup> consecutive week where the balance remained under the amount of capital invested. After 139 weeks, I have allocated $13,900 to the Dividend Harvesting Portfolio, which finished the week down -5.8% on invested capital with a balance of $13,094.46. October is finishing strong as $8.77 of dividend income was generated from dividends this week, bringing the amount of income produced by the Dividend Harvesting Portfolio to $774.49 YTD. In week 139, I added 1 share to SL Green Realty (SLG), 2 shares to Ares Capital (ARCC), and 2 shares to Barings BDC (BBDC). The combination of these additions and reinvesting the produced dividend income increased my forward annual projected dividend income by $9.97 (0.82%) to $1,219.60. As the weeks progress I will continue adding capital as there are many long-term opportunities, in my opinion. We’re headed into week 140, so please leave all of your suggestions in the comment section, as I will be adding a new position recommended by the readers of the Dividend Harvesting Series.<\/p>\n

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\"Portfolio\"<\/span> <\/picture>
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Steven Fiorillo, Seeking Alpha<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n

The overall performance of the Dividend Harvesting Portfolio since inception<\/strong><\/h2>\n

This was another difficult week, and like many investors, I watched great companies sell off after beating the consensus estimates on their earnings. The Dividend Harvesting Portfolio experienced another week of declines, but I remain unfazed. I am not worried about the week-to-week movement, and fully expect the markets to remain choppy for the remainder of the year. The markets may even experience a difficult beginning to 2024 if we have a weak holiday season. I plan on continuing to add to my positions weekly, and whether it takes 6 months or 1 year for the Fed to become less restrictive and pivot, I believe the Dividend Harvesting Portfolio will continue to generate weekly income and be positioned to benefit when the market turns.<\/p>\n

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\"Portfolio\"<\/span> <\/picture>
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Steven Fiorillo, Seeking Alpha<\/span><\/p>\n<\/figcaption><\/figure>\n<\/p>\n

The Dividend Harvesting Portfolio dividend section<\/strong><\/h2>\n

Here’s how much dividend income is generated per investment basket:<\/p>\n