I'm late. It just has been a couple of crazy weeks - work is pilling up, adaptation is both interesting and challenging in equal measure, being close to my girlfriend's family means we're spending a lot of time there. Time to sit down, write, reflect, do the "accounting work" of my portfolio has been far and few between.
There were a couple of investing highlights this week:
1. I crossed the 20.000€ barrier received in dividends. I know it is just another number, but it is both still satisfying and astounding at the same time to think of how this journey started from a Euro here and there to having made more than 20.000€ already.
2. It was (with regard to income) a very pleasing month, which resulted in 744,61€ in total from 42 stocks and/or funds.
3. After years and months of not doing too much with my portfolio (always having in mind the analogy of a bar of soap that disappears the more you use it), I did make some changes and sold off some minor positions and positions which I liked (American CEFs), but which I am unable to buy more off. My portfolio got a little bit too unwieldy and I had an appetite for a portfolio, which was a little leaner and a little more concentrated.
As to living in Ecuador, there are a couple of things that I find noteworthy so far.
1. I somewhat enjoy the attitude here of using things until they are broken (or even beyond that). There is a kind of pragmatism with regard to their attitude towards possession, which I find refreshing. Things are rarely ornamental - things are there to be used. The car has a dent, the table a hole - who cares? They still work and are not meant to impress people - they are there to be used. This attitude of course comes from sheer necessity, but I find there is wisdom in that.
2. At the same time, you realize the appeal of European or American brands: cars, food, hygiene articles - these things are incredibly expensive here and you see the pricing power of those companies. If people buy those articles, they cherish them and use them to the last drop (and beyond).
3. There is chaos here to life which is very different from life in Europe: buses are playing loud music, people are getting off and on wherever they want to; I have seen people on motorbikes with a refrigerator behind them; I have also seen a family of three on a motorbike without any helmets - and the mother breastfeeding her kid on the bike; stray dogs mingle with dogs who have owners but have simple chosen to walk themselves around the neighbourhood; etc.
There is more to come in the following months, but for now, late at night in Quito, that's enough for today. Vacations await and I'm dying to see a bit more off the country after working and grading papers for the last few weeks.
Below you find the full summary of dividends received in September:
- Ares Capital: 166,47
- VanEck Morningstar Developed Market Dividend Leaders: 84,41
- The Renewable Infrastructure Group: 56,33
- Golub Capital: 52,59
- Rio Tinto: 50,33
- HANetf Alerian Midstream Energy ETF: 34,42
- Main Street: 34,30
- New Mountain Finance: 33,17
- Agree Realty: 30,71
- Realty Income: 30,25
- Sixth Street Specialty Lending: 20,42
- Unilever: 19,01
- Johnson & Johnson: 17,33
- Simon Property: 12,28
- PepsiCo: 9,03
- Enbridge: 7,95
- Net Lease Office Properties: 6,35
- ExxonMobil: 6,28
- JPMorgan Nasdaq Equity Premium Income Active: 6,24
- McDonald's: 5,60
- T. Rowe Price: 4,98
- Pfizer: 4,91
- Consolidated Edison: 4,86
- BP: 4,25
- CII: 4,12
- BSTZ: 4,07
- NextEra Energy: 3,95
- Goldman Sachs BDC: 3,54
- Clearway Energy: 3,28
- BUI: 2,79
- Shell: 2,71
- EPR Properties: 2,64
- CSQ: 2,55
- Southern Company: 2,35
- LTC Properties: 2,06
- IncomeShares Capital Gold + Yield Options ETP: 1,88
- RNP: 1,70
- Imperial Brands: 1,35
- Blue Owl Capital: 1,32
- Global X S&P 500 Covered Call: 1,21
- Horizon Technology: 0,68
- Legal & General: 0,47
A picture from my latest walk with the dogs from my girlfriend's sister. Good times!
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