Dividend Harvesting Portfolio Week 184: $18,400 Allocated, $1,706.01 In Projected Dividends

Core Insights - The Dividend Harvesting Portfolio experienced a -2% decline in value, marking the second decrease in 12 weeks, amidst market volatility due to upcoming CPI reports, a Federal Reserve meeting, and an election cycle [1][2] - Despite the decline, the portfolio remains profitable with a total account balance of $22,182.22, reflecting a 20.56$46.89 in dividend income for the week, increasing the projected annualized dividend income to $1,706.01, with expectations to exceed$1,850 by year-end [1][4] Portfolio Performance - The S&P 500 and Nasdaq indices declined by -3.51% and -4.64% respectively during the same week, indicating a challenging market environment [2] - The portfolio's strategy focuses on long-term growth and income generation, with a diversified approach to mitigate downside risk [2][17] - The portfolio's composition includes 39.27% in individual equities, generating 27.20% of dividend income, while REITs, CEFs, and BDCs account for 60.73% of the portfolio and generate 72.80% of forward income [9] Dividend Income Breakdown - The portfolio's dividend income is distributed across various investment categories: Equities ($463.98), ETFs ($452.96), CEFs ($299.19), REITs ($291.02), and BDCs ($198.86) [3] - Year-to-date dividend income for 2024 has reached$1,032.53 from 486 dividends, surpassing 105.78% of the total dividend income generated in 2023 [3] Future Outlook - Anticipation of rate cuts is expected to positively impact the portfolio, particularly in sectors like REITs, CEFs, and BDCs [8][15] - The addition of Ford to the portfolio is seen as a strategic move, with expectations for increased car sales and improved margins due to potential refinancing opportunities [14] - The portfolio aims to achieve a more balanced sector allocation over the long term, although this may take several years to realize [9][17]