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    Portfolio

    This portfolio page shows the current holdings in our retirement and taxable brokerage accounts. I also share our forward 12-month investment income, total combined asset allocation, and a chart showing our progress toward financial independence.

    Data is current as of June 30th, 2020.

    Table of Contents

    • Retirement Account Assets
    • Taxable Dividend Stock Portfolio
    • Forward 12-Month Investment Income (F12MII, aka Forward Passive Income)
    • Total Combined Asset Allocation
    • Financial Independence Number

    Retirement Account Assets

    We have six different retirement accounts, all with Fidelity. They include two traditional IRAs, two Roth IRAs, and two employer-sponsored retirement accounts (a 403(b) and 401(a) with my current employer). 

    I select index funds based on cost and finding funds that satisfy my target asset class with the broadest coverage (highest number of holdings). 

    Speculative stocks that I own in our retirement accounts are typically long-term growth stocks sourced through research and supplemental subscriptions services such as the Motley Fool Stock Adviser. Read my Motley Fool Stock Adviser review here. 

    Here’s a consolidated look at the retirement assets in our six retirement accounts (mobile users, scroll right).

    Symbol Description %
    FSKAX FIDELITY TOTAL MARKET INDEX FUND 24.33%
    FSGGX FIDELITY GLOBAL EX US INDEX FUND 16.65%
    FDRXX** FIDELITY GOVERNMENT CASH RESERVES 12.58%
    Specs Speculative Growth Stocks 12.42%
    FXNAX FIDELITY US BOND INDEX FUND 6.84%
    VTSAX VANGUARD TOTAL STOCK MARKET INDEX ADMIRAL 6.26%
    FCNTX FIDELITY CONTRAFUND 5.03%
    FSSNX FIDELITY SMALL CAP INDEX FUND 4.47%
    FSRNX FIDELITY REAL ESTATE INDEX FUND 3.48%
    FSMDX FIDELITY MID CAP INDEX FUND 2.55%
    FOCPX FIDELITY OTC PORT 1.98%
    FPADX FIDELITY EMERGING MARKETS INDEX FUND 1.50%
    VTABX VANGUARD TOTAL INTERNTL BD INDX ADM 1.37%
    SPAXX** FIDELITY GOVERNMENT MONEY MARKET 0.53%
    GRAND TOTAL 100.00%

    Here’s the same list of assets broken out by retirement account type. Many funds are held among multiple accounts. 

     

    Here’s the breakdown of index funds vs. managed funds, cash, and individual growth stocks in our six retirement accounts:

    This is another chart further breaking down the asset types:

    I prefer to make these charts in Excel. But I do also keep track of my asset allocations in Personal Capital. The software categorizes certain assets differently, which is why the numbers don’t line up exactly. It considers my REIT index funds as alternatives. 

    Taxable Dividend Stock Portfolio

    My dividend stock portfolio is the primary account that I’ve blogged about since the inception of RBD. Though I’m no longer reporting all of the specific transactions every quarter, I continue to share my portfolio holdings. 

    The bulk of this portfolio resides in a taxable account at Fidelity. When the cash balance reaches $1,500-$2,000, I make a new investment to increase shares in an existing holding or initiate a position in a new stock. 

    I also own ten stocks in a taxable account at M1 Finance. I invest $500 per month in these ten stocks and reinvest all the dividends. M1 Finance holdings are marked with an asterisks * in the table below. Read my M1 Finance review to understand how pie investing works. 

    I select dividend stocks using various lists and valuation metrics. Specific resources I use include the Sure Dividend Newsletter, the Dividend Aristocrats list, and the Dividend CCC list.

    Sure Dividend recommends the most undervalued dividend stocks on the first Sunday of every month. I’ve been a subscriber myself for several years now because it helps narrow the universe of stocks I want to own and double checks my own research. 

    Use the Sure Dividend coupon code “RBD41off” to save $41 on an annual subscription. 

    For guidance on where to invest, see my guide Best Online Brokers for Dividend Reinvestment.

    Here’s current taxable dividend portfolio as of June 30th, 2020 (mobile users, scroll right):

    Ticker # of Shares Annual Dividend Annual Income Yield YOC% Sector
    AAPL 112.00 3.28 $ 367.36 0.90% 4.88% Technology
    ABBV 100.00 4.72 $ 472.00 4.81% 16.23% Healthcare
    ABT 100.00 1.44 $ 144.00 1.57% 5.51% Healthcare
    ACN 29.02 3.20 $ 92.85 1.49% 3.36% Technology
    ADM 80.00 1.44 $ 115.20 3.61% 4.17% Industrial
    AFL * 32.03 1.12 $ 35.87 3.11% 2.60% Financial
    APD * 5.33 5.36 $ 28.55 2.22% 2.41% Industrial
    BAC 419.00 0.72 $ 301.68 3.03% 4.61% Financial
    BEN 130.00 1.08 $ 140.40 5.15% 3.82% Financial
    BRK-B 15.00 0.00% 0.00% Financial
    CAH * 63.32 1.94 $ 123.06 3.72% 3.17% Healthcare
    CL 24.00 1.76 $ 42.24 2.40% 2.80% Consumer
    CLX 30.00 4.44 $ 133.20 2.02% 5.00% Consumer
    CMI * 7.39 5.24 $ 38.74 3.03% 3.33% Industrial
    COST 12.75 2.80 $ 35.70 0.92% 1.47% Consumer
    CSX 100.00 1.04 $ 104.00 1.49% 3.66% Services
    CVX 98.00 5.16 $ 505.68 5.78% 6.75% Energy
    DCI 75.00 0.84 $ 63.00 1.83% 2.28% Industrial
    DIS 60.00 0.00 $ - 0.00% 0.00% Consumer
    DOV 55.00 1.96 $ 107.80 2.03% 3.73% Industrial
    EMR 108.00 2.00 $ 216.00 3.22% 4.09% Industrial
    FLO 70.00 0.80 $ 56.00 3.60% 5.35% Consumer
    GD * 26.19 4.40 $ 115.26 2.94% 3.57% Industrial
    GIS 100.00 1.96 $ 196.00 3.18% 4.04% Consumer
    GS 20.00 5.00 $ 100.00 2.53% 2.96% Financial
    HAS 45.00 2.72 $ 122.40 3.63% 4.46% Consumer
    IBM 30.00 6.52 $ 195.60 5.40% 4.91% Technology
    ITW * 21.85 4.28 $ 93.53 2.45% 3.13% Industrial
    JNJ 40.83 4.04 $ 164.96 2.91% 3.90% Healthcare
    KO 254.00 1.64 $ 416.56 3.67% 5.62% Consumer
    LEG * 41.24 1.60 $ 65.98 4.55% 4.50% Industrial
    LOW 45.00 2.20 $ 99.00 1.63% 2.85% Consumer
    LUV * 42.84 0.00 $ - 0.00% 0.00% Consumer
    MA * 4.16 1.60 $ 6.66 0.54% 0.57% Financial
    MKC * 7.33 2.48 $ 18.17 1.38% 1.57% Consumer
    MMM 35.00 5.88 $ 205.80 3.77% 4.23% Industrial
    MO * 155.91 3.36 $ 523.87 8.56% 7.76% Consumer
    MSFT 26.11 2.04 $ 53.26 1.00% 3.13% Technology
    NKE 43.82 0.98 $ 42.94 1.00% 1.52% Consumer
    O 90.00 2.80 $ 252.00 4.71% 6.29% Real Estate
    OZK 300.00 1.08 $ 324.00 4.79% 4.35% Financial
    PEAK 80.00 1.48 $ 118.40 5.37% 4.68% Real Estate
    PG 39.00 3.16 $ 123.24 2.65% 3.90% Consumer
    PH 45.00 3.52 $ 158.40 1.92% 3.24% Industrial
    PM 60.00 4.68 $ 280.80 6.68% 5.85% Consumer
    PPG * 12.38 2.04 $ 25.25 1.92% 1.94% Industrial
    ROST * 13.87 - $ - 0.00% 0.00% Consumer
    RTX 35.00 1.90 $ 66.50 3.08% 3.75% Industrial
    SBUX * 16.61 1.64 $ 27.23 2.23% 2.40% Telecom
    T 190.00 2.08 $ 395.20 6.88% 6.49% Consumer
    TGT 80.00 2.72 $ 217.60 2.27% 4.62% Consumer
    THO 40.00 1.60 $ 64.00 1.50% 2.84% Financial
    TROW 60.00 3.60 $ 216.00 2.91% 4.54% Services
    UNP 15.00 3.88 $ 58.20 2.29% 5.15% Industrial
    V * 6.48 1.20 $ 7.78 0.62% 0.78% Financial
    VFC 28.00 1.92 $ 53.76 3.15% 3.09% Consumer
    VTEB 50.00 1.19 $ 59.50 2.24% 2.24% EFT
    VZ 194.00 2.46 $ 477.24 4.46% 6.64% Telecom
    WBA 110.00 1.83 $ 201.30 4.32% 3.08% Healthcare
    WTRG 109.00 0.94 $ 102.46 2.25% 3.58% Utilities
    Total Dividends $ 8,772.19 2.86% * M1 Finance holding

    Here’s a history of the income my dividend portfolio has received going back to 2015. I’ve organized the data by income by month, per year. 

    Forward 12-Month Investment Income (F12MII, aka Forward Passive Income)

    Here’s a newly formatted table for calculating forward income. I use this number to measure my passive income investments.

    If I stopped earning a salary today, I’d expect to earn the F12MII as passive income in the following 12 months.

    Other Forward Income Streams Yearly Income Average Monthly Income
    Dividends $8,772.19 731.02
    Cash Savings $1,475.55 122.96
    RE Crowdfunding $1,059.81 88.32
    Total Forward Annual Income $11,307.55 $942.30
     

    And here’s the more familiar income received vs. project chart I’ve been updating and sharing since January 2015.

    I’ve seen a significant drop in F12MII in the second quarter due to interest rate cuts on savings account. I also had a CD come due in June, reducing my interest on cash deposits from 2.6% down to 1.05%. 

    Dividend income, on the other hand, had a strong increase in Q2 2020 thanks to the massive COVID-19 sell-off. 

     

    Total Combined Asset Allocation

    Combining both my retirement and taxable enables me to look at our broader exposure to the markets. I use these charts to better understand my portfolio for annual rebalancing purposes. 

    My target allocation is around 75%-80% stocks, 10%-15% bonds, and 5% (or less) cash.  

    Here’s a shot of my current Personal Capital allocation quilt. This view includes alternatives and college savings, so the proportions are off compared to the pie charts above. It consider’s investments such as traded REITs and real estate crowdfunding assets as alternatives. 

    Financial Independence Number

    Lastly, I measure progress toward financial independence by tracking our annual expenditures and subtracting F12MII. 

    Read more about the financial independence number here. 

    I multiply that number by 25 to give me a target financial independence number. Once our invested assets (which excludes the equity in our home and college 529 savings) surpass our financial independence number, we’ve reached financial independence.

    I also calculate our FI number against net worth. 

    Based on the latest numbers, we are 68.70% of the way toward reaching financial independence, a slight increase over Q1 2020. Despite a decrease in F12MII, my retirement accounts are growing, which has increased the red line. 

    I recalculate my annual spending in December. Due to COVID-19, I expect a big reduction in spending for 2020, which should help the red line jump in relation to the purple line. 


    Photo by lutfi nur fauzi via Unsplash

     

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    This page may contain links to our partners. RBD may be compensated when clicked and information is submitted. Retire Before Dad has partnered with Cardratings for our coverage of credit card products. Retire Before Dad and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. See the full disclosure here. We are individual investors, not financial advisors, tax professionals or investment professionals. All information on the site is provided for entertainment and informational purposes only and should not be considered advice. Do not make investment decisions based on the information provided on this website. This website may discuss topics related to finance and investing. This information is not advice and should not be treated as financial and investing advice. The information provided on this websites is provided “as is” without any representations or warranties, express or implied. The website makes no representations or warranties in relation to the financial and investing information on the website. You must not rely on the information on the website as an alternative to advice from a certified public accountant or licensed financial planner. We assume no responsibility for errors or omissions that may appear in the website.

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