Weekly Update

How did my portfolio perform and what have happened?

My portfolio and holdings have actually performed better than the market have overall. As much fun as that is, to outperform the market, my long term goal is still to invest for the dividends over decades. And for that matter, the portfolio is doing perfectly fine, no matter if it goes up or down. NOLCO Inc: +0.84% S&P 500: -0.64% Like I have said many times before, do not think too much about the short term, but rather on building passive income for the long term. Though it is fun to see your portfolio beat the market.
The portfolio did not receive any dividends this week. However I have moved my funds from Degiro to Trading212, and will later come up with a post about my experiences & compare the two. After I moved my funds, I went with re-allocating my funds differently, so my portfolio does not look exactly the same as it did before the move. I have also acquired probably the best app out there for tracking dividends, at least the best I have encountered and used myself. The app is called DivCalc and you can find it on AppStore, not sure if it’s available in the GooglePlay store. 

My Week

  • Been using FinBox very much lately, the reason being to find undervalued dividend stock that matches my requirements. The great thing about this site, is that it actually shows you all the numbers and financials on every single company out there, it’s great for those of you who wants to look at balance sheets, margins and what not. Another absolute stunning feature is that you are able to see intrinsic value estimates from both FinBox and analysts as well, so you can see if there is a potential upside or downside & and FinBox shows you the calculation for it. A great tool to help me not spend as much time as I usually did before on finding undervalued dividend growth stocks.
  • Not only have I done some research on which stock that are most undervalued now with FinBox, I also used the site for re-allocating my portfolio when moving the funds from Degiro to Trading212. For instance, I ended up buying Carrier Global Corporation (Ticker:CARR), Amcor Plc (Ticker:AMCR) & A.O. Smith (Ticker:AOS) just to name a few. These companies were trading far below their intrinsic value, and especially Carrier Global Corporation which has a 15.6% upside according to FinBox. A 15.6% potential upside when the markets are like this, is not a chance I want to throw away. 
  • I went with using Diib to track the website, simply because of the elegancy that the site provides and also because of the oppurtunities it gives me with the charts, numbers, and the overall tracking performance. Tracking a website is important to understand how your readers are doing, how long they are staying & if they are coming back. All these things are extremely valuable tools for someone who is having a blog & wants to keep growing their audience, therefore Diib is the perfect choice for anyone who wants to track this and see how their website is doing.
  • Besides doing some research, I have also had a productive week when it comes to making food. I will have to admit, I grew up in a home where my mother wanted to do everything by herself, and therefore I never did anything in the kitchen. I barely knew where things were in the kitchen. Now I have moved in with my girlfriend and even though I am in the military, I do have some time off, and when I am at home I am the one making the dishes. The reason being I need to be better at it, because the level I am at now, is just horrible. However there is progress, slow, but nonetheless still progress. Making food is actually quite fun if you have a great podcast to listen to, I would never have thought that 2 years back from now.

This week’s stock

Instead of doing potential next buys as I did with the last weekly report, I thought I would instead give you my stock of the week. It can be a stock I own myself, or a stock I am looking at. Right now the requirements for becoming a «stock of the week» is that the company must be undervalued, the company must be paying a growing dividend & and have done this for some time & the company must have a positive EPS.

The stock I have chosen this week is: McGrath RentCorp (Ticker:MGRC)

The reason being that McGrath RentCorp have paid out a growing dividend for the last 28 years. Their payout ratio is at 37.14% & they even increased their EPS for Q2 with +131.9% from Q2 in 2019. The revenue also increased with +21.3% YoY in Q2 2020 from the same time last year. FinBox has calculated that there is a potential upside from todays price ($58.49) at +18.6%, making the company’s intrinsic value at $69.35. However, three analysts have covered this stock and the average of those three targets have come to an intrinsic value of $76.67. I like to go with the lowest target, so that my hopes are not too big, and if the stock ends up beating that one, I end up having a positive surprise.

Keep in mind, I do not own this stock myself. However I do plan on adding it to my portfolio with the upcoming salary. The stock looks great, and the financials seems to be in order.

My Focus 

Recently I have been focusing a lot on increasing my skills in the kitchen. The reason being I do not want my future kids to grow up in a home where their dad do not know how to cook or does not cook at all, it should be mutual thing. Because I was raised in that kind of home, though my father could cook, he just never got the chance from my mom. That is why I want to improve my skills and become better for every dinner I make.

I have also been focusing a lot on finding my next stock to add to the portfolio, FinBox has really helped me out here. With all the numbers you get access to, it makes investing a lot more easier and stress free. Finding undervalued stocks in this market & in these times have been both easy and hard, because of my requirements it has been rather difficult, but yet manageable.

Another great thing that have made my life so much easier recently is HypeFury. The website is letting you schedule your tweets for whenever you want to post them, and can even schedule threads for you as well. Another great thing about the website is that it can retweet your tweets, so that you can get more impressions and get more people to interact. This is so handy, especially if you have an audience that lives in different time zones. The website also provides something called «Evergreen Posts», which lets you mark your best tweets so that they can be tweeted for you if you are away from Twitter and no new content is scheduled. That is such a great feature, that means your Twitter account will still get those posts and content out, even though you are away.

Something to think about

You are in it for the long run, so do not feel sorry or care much about the short term results. The stockmarket goes up and down, but in the end you will see it actually moves slowly upwards all the time with some minor setbacks now and then. 

Address

Dronning Mauds gate 12 4044 Hafrsfjord

Email

nolcoinc@outlook.com