Quarter End Update - former iPIG portfolio

Good news and bad news from the former iPIG portfolio for the most recent quarter.

The good news: The account received $711.55 in “dividend like” income in the first quarter of 2022, which is up nearly 10.4% from the $644.63 it received in the first quarter of 2021. That beat the 7.9% annualized inflation rate most recently published by the BLS, which means the portfolio is back to delivering in-line with its core designed expectation.

The bad news: The account’s balance currently looks like it sits at $118,107.07. The official closing value of the account at the end of 2021 (per the brokerage statement) was $124,295.22. That’s a loss of almost 5.0% over the quarter. That’s slightly worse than the 4.6% loss from investing in the S&P 500-tracking SPY index fund and reinvesting dividends.

More bad news: I know I had mentioned wanting to do a thorough review by the end of the quarter. I failed to do so. Life, work, taxes, and inflation got the best of me. That does remind me of a key reason why I set the portfolio up the way I initially did: dividends are generally a decent signaling device. At minimum, I need to review dividend policy and actions and use it as a first-cut screen. I’m sure there are at least a couple of companies that no longer fit in the portfolio’s design model…

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