This week, four of the portfolio holdings ranked in the Top 10: LEG, MMM, QCOM, and TDS.
Ticker
Account Value
LEG
1,468.72
MMM
1,373.24
QCOM
1,493.66
TDS
1,228.00
The lowest amount belongs to TDS. I suppose it is because it dropped 26% on November 4th after a disappointing 2022 3Q earnings announcement. In order to invest a minimum of $250 in TDS, I need to purchase 21 shares this Monday. Below, I present the purchase history, average cost calculation (subject to change), and expected weights.
1The market order’s execution price will likely be slightly different.
This week, three of the portfolio holdings ranked in the Top 10: LEG, MMM, and QCOM.
Ticker
Account Value
LEG
1,203.12
MMM
1,392.60
QCOM
1,668.94
The lowest amount belongs to LEG. In order to invest a minimum of $250 in LEG, I need to purchase 8 shares this Monday. Below, I present the purchase history, average cost calculation (subject to change), and expected weights.
1The market order’s execution price will likely be slightly different.
This week, three of the portfolio holdings ranked in the Top 10: LEG, MMM, and QCOM.
Ticker
Account Value
LEG
875.56
MMM
1,284.91
QCOM
1,620.36
The lowest amount belongs to LEG. In order to invest a minimum of $250 in LEG, I need to purchase 8 shares this Monday. Below, I present the purchase history, average cost calculation (subject to change), and expected weights.
1The market order’s execution price will likely be slightly different.
This week, two of the portfolio holdings ranked in the Top 10, MMM and QCOM. TDS found its way out of the Top 10.
Ticker
Account Value
MMM
1,249.93
QCOM
1,209.45
The lowest amount belongs to QCOM. In order to invest a minimum of $250 in QCOM, I need to purchase 3 shares this Monday. Unless the market price on Monday is vastly different from Friday’s close, doing so will not violate the stock weight or sector weight constraints.
This week, three of the portfolio holdings ranked in the Top 10, MMM, QCOM, and TDS.
Ticker
Account Value
MMM
1,182.72
QCOM
967.28
TDS
1,358.00
The lowest amount belongs to QCOM. In order to invest a minimum of $250 in QCOM, I need to purchase 3 shares this Monday. Unless the market price on Monday is vastly different from Friday’s close, doing so will not violate the stock weight or sector weight constraints.
This week, two of the portfolio holdings ranked in the Top 10, MMM and QCOM.
Ticker
Account Value
MMM
884.00
QCOM
903.84
Currently, there is less invested in MMM. In order to invest a minimum of $250 in MMM, I need to purchase 3 shares this Monday. Unless the market price on Monday is vastly different from Friday’s close, doing so will not violate the stock weight or sector weight constraints.
Today, an unknown party purchased a call option that gives them the right to purchase 100 shares of TDS for $17.50 per share, on or before February 17, 2023. The call cost them $55 ($0.55 per share). Who sold them this contract and collected the $55?
My market order to purchase 100 shares of TDS executed at market open today for the price of $14.54. Subsequent to that I placed a limit order to sell a 1 contract call @ $17.50 with an expiry of February 17, 2023, for a credit of no less than $0.55 per share. Unfortunately, because the stock market has been in freefall for over two weeks, TDS was already trading lower at market open, and my order did not process. The order is good until cancelled (GTC) and should trigger if TDS increases to perhaps $15. So, I am going to let it ride for at least a few days.
I updated the portfolio and summary by sector. Also, check out the portfolio’s performance to date. These exhibits are filling out nicely, particularly the summary by sector. The exhibits will be updated periodically and will have more meaning as the portfolio grows.
There are 45 Dividend Kings. Collectively, they provide exposure to ten of the eleven Global Industry Classification Standard (GICS) sectors. However, later this fall, Computer Services Inc [CSVI] is expected to complete its merger with the Centerbridge and Bridgeport partnerships and go private. With the loss of CSVI, the Kings lose exposure to the Information Technology sector. In anticipation of that change, we acquired Qualcomm Inc [QCOM], a company with a 20-year dividend increase streak with promising growth within the semiconductor industry. The Portfolio for the Ages now has exposure to all but one sector: Communication Services. The Dividend Kings can’t help us, and the Queen is dead.
The Communication Services sector has been destroyed so far this year with a return of -37.5%. However, there is one stock that has done slightly better (-28.75% YTD) with a 48-year dividend streak. This Monday is their lucky day.
That’s right, 17 months early and even before Charles III enjoys his coronation, Telephone and Data Systems Inc [TDS] becomes royalty.
My market order to purchase 28 shares of LEG executed at market open today for the price of $36.04. I updated the portfolio and summary by sector. Also, check out the portfolio’s performance to date. These exhibits will be updated periodically and will have more meaning as the portfolio grows.
