Summary
Highlights
The video addresses a popular request: how to build an equity portfolio that pays dividends monthly, especially for those who prefer not to invest in real estate funds. The presenter revisits a similar video from a year ago that gained significant traction, detailing the previous strategy which involved using the 'Preço Teto Bazim' with a 20% margin. The goal for the new 2026 portfolio is to be even stronger, focusing on monthly receipts for expenses. The key difference will be moving from the 'Preço Teto Bazim' to a projected cap price through discounted cash flow of dividends. The presenter emphasizes the importance of understanding the previous portfolio's performance before diving into the new strategy. The old portfolio, with an initial investment of R$9,193 invested across nine stocks, delivered a total profit of R$3,274. Several stocks saw significant appreciation (e.g., FIC 3 with 69%, Bradescão with 50%, Itaúsa with 43%), despite one stock (Banco do Brasil) experiencing a 30% loss. The portfolio successfully achieved its goal of receiving dividends every month, although some months were weaker. The presenter shows how their personal portfolio, which includes real estate funds, helps stabilize monthly income, highlighting that action dividends can fluctuate significantly.
The presenter uses a simulator to accurately calculate the old portfolio's profitability, as the previous platform was inaccurate. Over the last year, the portfolio yielded an impressive 27.96%, outperforming CDI, Ibovespa, IPCA, savings, IFIX, and even a strong dividend ETF (IDIV). This outperformance was consistent across 1, 2, 3, and 5-year windows, demonstrating a strong selection process. The new portfolio aims to be even more successful. The first rule for the new portfolio is to have at least two companies paying dividends every month, focusing on strengthening historically weaker months (February, April, July). The second rule is to replace the 'Preço Teto Bazim' with a more stringent 'Preço Teto Projetivo' (projective cap price) based on discounted dividend cash flow, which looks to future earnings rather than past dividends. This change is crucial because dividend payouts in 2025 were artificially inflated due to tax changes, making the old calculation method unreliable. The presenter introduces the 'Word' tool which helps identify undervalued companies using various famous rankings like Joel, Peter Lynch, Graham, and Bazim, along with the 'GD' generation dividend rank. The third rule is to adhere to the 'Kraken' methodology, with at least 80% of the portfolio in 'retirement-grade' stocks (safe, perennial sectors like banking, insurance, sanitation, and energy) and up to 20% in slightly riskier but high-potential stocks (commodities, small caps, or higher-risk companies), while maintaining dividend focus.
The presenter goes through the stocks from the old portfolio to decide whether they still meet the new, more stringent criteria. Itaúsa, despite its current valuation, still shows a 14% safety margin with an 8% dividend yield expectation, thus remaining in the new portfolio. It pays robustly in January, March, April, July, August, and October, adding banking exposure. Bradesco also makes the cut with a 16% safety margin and monthly payments, helping to stabilize income in several months. However, Banco do Brasil and BR Partns (a small cap investment bank) are excluded due to insufficient safety margins under the new projected pricing model, despite their strong performance and payouts in the past. This highlights the importance of not following past advice blindly.
SEMIG, a major energy company, is included due to its 15% safety margin despite a higher dividend yield expectation (7%). It bolsters payments in June, August, and December. Petrobras, an often volatile state-owned oil company, is also considered due to its consistent dividend history. Although its safety margin is only 10% (under an 8% dividend yield expectation), it's deemed acceptable for a dividend-focused portfolio and helps fill weak months like February and May. Vale, however, despite previous strong performance, is excluded because it doesn't offer a sufficient safety margin under the new criteria. The presenter then introduces new companies from the Word platform's 'GD' rank. WIS, an insurance broker, is added for its growth potential and recent undervaluation, offering a 12% safety margin. It pays semi-annually, strengthening August and December. Banco ABC, identified as the most undervalued bank, is included with a 16% safety margin. It significantly boosts payments in February and July, which were previously weak months. BB Seguridade, an insurer strongly recommended by the presenter even at its current price, is added with a 14% safety margin, further strengthening March and August. Porto Seguro, another strong insurer, is included for its potential, despite a negative margin by the dividend-only model, as a deeper valuation shows strong long-term cash flow potential. It helps cover payments in November and April. Finally, Clabin, a leader in the cellulose industry, is considered for its current undervaluation, despite not being a typical dividend stock. Its strong operational results at its current price offer an 8% dividend margin, filling payments in February, May, and August. The portfolio concludes with nine strong companies, providing diversified monthly dividends, though September remains a weaker month. The presenter offers a quick guide on how to use the 'Word' tool to calculate projected cap prices, promising a deeper dive if the video receives more likes.