2006-08-09 14:51:34 · 8 answers · asked by Alfred 1 in Business & Finance ➔ Investing
Invest in cash cows, mostly operating companies since they have a steady stream of profits on a regular basis. Go for PHI in the NYSE for starters.
2006-08-09 17:51:50 · answer #1 · answered by J 4 · 0⤊ 1⤋
Your best bets are ETFs. Here are some examples.
GIM holds foreign government debt. Good hedge against falling dollar. Pays about 5.66%. Trades at about $8.90 a share. Has net assets of about $9.01 a share. Pays 0.042 monthly. Just raised the dividend by 0.002.
CIK deals in junk bonds. Pays high return, currently 8.96%. Trades at 4% discount to net assets. Pays 0.03 dividend monthly. Do not recommend this one. Investments are too risky.
AMU is a munciple bond fund. Pays 5.48% currently. Trades at 6.5% discount to net assets. Pays 0.0475 monthly but this dividend has been reduced twice in the last 12 months. The dividend is free from federal taxes.
If you should live in a high tax state such as California or New York, there are munciple bond funds that contain only bonds from those states so that they will be state tax free.
One example from each. NKX California. MNE New York. Both pay about 4.8%
Here is a site where you can do your own research.
2006-08-10 00:34:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Muncie has a good idea.
Another idea is using "The Dogs of the DOW" tactic.
I say tactic and not strategy, because if the general market declines, it will not keep you from losing money if you own the stocks. What IT WILL DO, is give you a good yield, and will allow a good rebound in your portfolio if and when the market rebounds.
You can search the idea on Yahoo, and also read an article on it at "THESTREET.COM".
It is a tactic useful to an income oriented investor.
Good Luck
2006-08-10 16:45:39 · answer #3 · answered by denaliguide2 3 · 0⤊ 0⤋
ENT is a pretty good stock that pays a monthly dividend
2006-08-15 10:39:46 · answer #4 · answered by biohazard_4242 1 · 0⤊ 0⤋
if u want high monthly dividend paying product dont expect from any stock
2006-08-16 02:06:58 · answer #5 · answered by shuk_anil 2 · 0⤊ 2⤋
Monthly dividends are rare, usually they are quarterly. Try EEP, PCU, NBG, TSP, BMO.
2006-08-09 18:42:19 · answer #6 · answered by Michaelsgdec 5 · 0⤊ 0⤋
Go for it if you can afford losing the lot when you least expect it.
*Incude some low yield but secure investments in your portfolio.
2006-08-09 15:17:27 · answer #7 · answered by Neil S 4 · 0⤊ 1⤋
i will say wells fargo not a bad stock
2006-08-14 16:36:58 · answer #8 · answered by tonyArmenia 1 · 0⤊ 0⤋