Analyzing my own portfolio, dividend stocks seemed to be out of favor and was outperformed by growth stocks. This could be due to the market was discounting the dividend cut for the next 6-12 months. For long term investors, the question we should ask was if the growth companies could maintain their high growth rate forever and if dividend stocks would never restore their dividend yield. I think the answer was obvious. For this reason, I believed dividend growth stocks were in the sweet spot and would be a better choice than high dividend stocks or some growth stocks with very high multiples.
In the month of July, I received total dividends of $1,547.31 and made a fresh contribution of $5,000. I also added to my position in Ping An Insurance, Parkwaylife REIT, and Industrial and Commercial Bank of China.
Link to Yaruzi's low cost portfolio as of July 2020.