Leverage is great when the market is going up. With 20% margin at 1.75% and a weighted average yield of 6.8% on portfolio, I will do this forever.
YTD total return, net of margin interest = 19.54%. This includes dividends, flip gains and unrealized appreciation.
I drip all dividends in the retirement accounts and drip only two MLPs in the taxable account (to add to tax basis).
S&P 500, without dividends, is up 12.02%, so add .7% for divis and guess 12.72% total return. I'm delighted to beat the index by more than 7 points in 4 months.
Darlings YTD (price only):
NRF, largest position up 41.62% (and more to come soon, imo)
ABBV (ABT spinoff) up 34.81%
SUI (third largest) up 28.23% (an annuity now yielding less than 5%, partially tax deferred)
Dogs YTD (price only)
SCCO, second largest, down (11.97%)
FTR...a disaster flip buy, down (2.80%)
ARR, agency reit, up .31%
YTD through 4/30 = 15.6% with all dividents dripped. Only one stock is down YTD (SCCO).
Current yield on my portfolio is 3.7% (assumes SCCO divident at a low of .20 cents each quarter).
SCCO (since puchase though this has been a 2 bagger plus for me)
My worst performer since purchase is still MOS (down 21%). This is the only stock that I am currently losing money on since purchase. CSX used to be my other dog but with the run it's had YTD of 25% I now have a 10% gain.
I also bought into NRF in late March at 9.29.
You're beating the snot out of me which is to be expected due to my more conservative approach.
Normally I'd say April was a good month ..... but when comparing my performance to the market, it's only so, so. Overall I shouldn't complain since I'm still sitting on about 10% cash and patiently waiting.
YTD I'm up 11.68% all things considered. This compares to 10.44% at the end of March.
My three best performers YTD are:
SSW +38.57% ..... a good stock with a great business plan.
NRP +31.04% ..... a dog which I'm taking advantage of.
VZ +26.04% .... you all know the story on this one.
My three worst performers YTD are:
PZG -17.16% ..... a spec gold stock I'm just playing with and recently added to in hopes of a decent score.
MSB -14.14% .... a good div payer which cycles and will come back later in the year even if iron doesn't.
SCCO You've covered this one.
Funny thing is that of my five Schwab accounts the most conservative one is doing the best at +15.59% YTD.
I'm not complaining too much and I am stunned by market performance so far .... I just can't believe it will last.