The Moby Flagship Income Portfolio: April Update

In case you missed it, we released a dividend-focused strategy two months ago The Moby Flagship Income Strategy

This type of strategy focuses on large companies that have steadily increased their dividends over the last 10 years and have a strong chance of continuing to pay their dividends into the future.

Portfolio Update:

Welcome to the latest chapter in our ongoing series navigating The Dividend Aristocracy! When we last left our heroes, they were quietly generating growth at a safe and steady speed.

Today we’ll analyze the strategy over the period 3/24-4/21. We try to keep the assessment periods to exactly 1 month so that we can compare performance accurately, but we’ll also provide some up-to-date metrics at the end of the post. 

To the excel sheets!

Performance Snapshot

Commentary on Performance:

As of April 21st, the strategy is up 2.6%. Considering the S&P 500 was down 2.3% over this same exact time period, we’re feeling pretty good.

It’s a game of inches, folks. 

Why is this happening?

Our strategy is focused on high dividend value stocks, and the S&P 500 currently leans more towards growth tech stocks. It’s no secret tech growth stocks have become more volatile and less attractive to investors lately (unless this is somehow the first you are learning that your Netflix holding lost half its value. In which case, our condolences).

It’s therefore not surprising investors are now favoring value stocks with high dividends as a more stable source of income.

Going Forward

Our portfolio is like a self-driving Tesla. It can guide us to our destination, but you can’t just pop a Lunesta, doze off and hope to wake up safely in your driveway.

You need to periodically reassess your initial investment thesis and adjust as necessary. With that in mind, let’s look at the major changes in our portfolio.

Our largest winner was Evergy, with an 11% return.

Old Positions:

New Positions: