October Dividend Portfolio Review

Written by The Dividend Guy on October 28, 2007

I can’t beleive that October is almost over. In 3 days I will be taking my kids around the neighborhood to trick or treat. Good thing because it is pretty much all we talk about right now in my house! Next is Christmas and I am sure we will shift gears to that very soon.

This is the first month that I will be posting my dividend portfolio. In previous articles I have explained the different accounts that I have and the asset allocation that I strive to obtain. Click on the image below to see my portfolio - if it looks fuzzy when it opens up click on the image once and that should fix it up.

October Portfolio Review

Some comments on my performance this month:

* I got stung heavily because of my exposure to bank stocks in the U.S. Both Bank of America and Citigroup because of some poorer than expected numbers. These stocks are sporting 5.3% and 5.1% respectively so if you have the patience then it might be worth considering.

* My asset allocation is a bit out of whack in the global asset allocation and small-cap area. I have recently entered trades to purchase an S&P 600 Index Fund (IJR) and to add to my positions in my MSCI International Index fund (XIN). This will bring me closer in line with where I need to be

* My cash balance is high, but only while it is awaiting deployment to the small-cap and global index funds. This balance will be significantly reduced in the coming month.

* The index I use to track my is the FPX Growth index, created by Richard Croft for The National Post. The index I track my portfolio to is 5% cash, 25% Fixed Income, and 70% Equities. My portfolio did not meet the index this month, due primarily to my exposure to bank stocks. I still am confident in these stocks over the long term and the dividends I receive are providing some downside protection while the share price is declining.

As I was preparing the spreadsheet in preparation for this post I found that to be very valuable. It gave me some new insight into issues with my portfolio (high banking exposure) and areas that I need to focus on. My plan over the next month is to address these issues and bring my asset allocation in line with where it should be.

If you have any questions, please do not hesitate to let me know.


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4 Comments so far

  1. Aaron October 29, 2007 8:05 pm

    This will be neat to watch the portfolio and see how it does. I think as long as you have a long term perspective, the bank stocks will end up proving to be a good value.

  2. Art October 30, 2007 5:22 pm

    You are betting big on banking, my friend. A little too much, I think. I believe in the long term prospects of banking, but boy do you have a multitude of stocks in the banking sector. You probably would have been better off picking a couple less to save on commissions and allow your DRIP to accumulate more and more shares in a couple fewer companies that you really believe in in that sector.

    Good portfolio, otherwise. Love a lot of the picks.

  3. giggys October 31, 2007 4:44 pm

    disappointed that you don’t have JNJ (dividend growth is 14% per annum. Beats coke, pg, etc in div growth)

    otherwise decent portfolio

  4. October in Review - A Recap of Some of My Posts November 3, 2007 12:46 pm

    […] an update on how my dividend portfolio is doing, including what it consists of. Please check out, October Dividend Portfolio Review to see October’s […]

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