30 Sep 2020 21:45
Tags monthly_income

After 33 years of clocking in and out of work and religiously saving 10% annually every year, in good times and bad, I have decided to share my monthly dividend income to show what regular saving and investing can accomplish.
For the month of September I made $3,754; an increase of +39.5% versus this time last year. This is the first month benefitting from my portfolio repositioning that I worked on from June thru August and it is finally nice to see progress once again. I still have a few holdings whose dividends have been suspended but for the most part COVID related dividend issues are behind me.

I continued with my weekly M1 Finance contribution of $120 for a total of $480. The overall dividend yield of my M1 pie slightly increased to 3.671% as the market started September off very weak.
Overall my M1 Finance accounts contributed $20.53 to this month’s dividend totals. Looks like this portfolio is finally paying steady double digit monthly dividends.
I also provided a link to my M1 Pie for those interested in seeing all of the individual holdings.
https://m1.finance/iCDyjkqucd1B

My age 53 goal (I’m 51 for those not in the know) had an increase of 3.11%. Next month is my 52nd Birthday and I need to be at a minimum of 88% complete towards my goal, sitting at 87.89% complete I feel pretty confident I will meet my target.

For those not familiar with my Age 53 goal, I plan in 7 year increments and targeted to have 57% of my expenses to be covered via dividend income and to be at 115% for my next 7 year target at age 60. Why 115%? This was based on a multiple bear market/crash analysis I performed back in 2018 that showed my optimal portfolio to withstand a long term bear market with high inflation would be to have dividend income of 115% of expenses and the equivalent of 9 months of expenses in cash.
Post preview:
Close preview