Financial Independence For The Visually Impaired Part Seven: Update October 20, 2021 Two Years In.

 It is now two years  since I began my initial investment plan for the visually impaired.  That initial investment of $50 has grown to $1,063.47 .  I have added very little to that plan over the last year, just letting dividends build and re-invest has seen it spike in recent weeks.

The main investing focus was put into the M1 account.

That account is now 21 months old. Opened on January 17th, 2020 with just $100. I have added just over $3,700 with regular weekly payments of at first $10, then $15 then $1731.  It has grown to  $4,366 which includes over $93.00 in dividends.  That total is set to grow rapidly as I am now set to invest $18.31 per week and I will be changing my investing strategy slightly until the end of the year. More on that later.

If you would like to open an M1 account you can do so here, if you open a new account and fund it with $100.00  M1   will give you an extra $30 to invest. I will also receive $30 from M1 at no cost to you. So we both get a nice bonus.

You can see how my M1 account is doing at this link too.  My Dividend Portfolio.

 

 Recently my monthly income has risen a little, just about $20 so I am increasing my weekly contributions to the M1 account from $17.31 to $18.31 per week.  THat money is paid in on Monday.

 

I will also be aiming to pay extra cash towards my monthly paying stocks, Real Estate Investments Trusts like Realty Income and Stag, together with Main Street Capital a business development corporation.

 

I plan on adding extra funds to those up until I receive a dividend of about $1.00 per month from each. That's about 4 Realty Income shares, 8 Stag shares and 5 Main Street shares.  That would make a regular $3.00 income o per month.  $36 per year from those stocks alone.  I also would be receiving income from most of the other stocks too.   So far only Boeing, amazon and Alphabet ( Google ) do not pay a dividend.  BOeing's dividend was suspended in the crash of 2020.  It may come back soon.

 

I did also swap out Asstra Zeneca for Abbvie and AT&T for John Deere.  AT&T is a major player in another portfolio.  ASTra Zeneca was less valuable of a dividend than Abbvie. So I swapped for the higher dividend.

 

I am now looking at a peak quarterly dividend income of over $23.00 a low quarterly dividend of over $21.00, I hope this will be over $25.00 by the end of 2021.  That will be over $100.00 per year, in dividends alone.

 

You can follow my progress at My dividend Portfolio here, and don't forget if you open a new account at this link we bothreceive $30 from M1 finance. 

Come take a look at my Investing book selection here.

You may also like to read, Financial Independence for the Visually Impaired Part Four: One Year Anniversary.