Already having generated significant cash for the IBP since we initiated our position 17 months ago, it now has become the portfolio’s No. 3 income producer.
With both eye-popping income production and market-crushing total return, our real-money, real-time endeavor has plenty of reasons to celebrate its 2nd birthday. Having used Dividend Growth Investing as our primary strategy, outstanding income advancement practically was a given. But even I am a little surprised that the IBP has so thoroughly outperformed the overall market.
Any investor’s portfolio is his or her own small business, and any business should have a well-articulated plan to help it run successfully and efficiently. So with Year 2 of our real-money, real-time Dividend Growth Investing endeavor now in the books, I thought it would be a good time for an update.