2006-12-28 07:04:27 · 8 answers · asked by Brian 1 in Business & Finance ➔ Investing
What you're looking for is a monthly dividend...you will have more success looking at REIT's, Trusts. or closed-end funds.
I think you can investigate " dividend investing" at www.investor village....type "dividendinvesting" into the "symbol" box and it should take you to some info.
2006-12-28 07:54:10 · answer #1 · answered by jebediabartlett 6 · 0⤊ 0⤋
yet again someone says to start day trading , ugh
you can have the mutual fund pay you payments pretty much however you want, or you could get in a mortgage backed fund that pays every month, but its better to just join a good fund and be happy, dont day trade and gamble the money away
you can join an income/dividend fund that specialized in a set income
2006-12-28 07:38:30 · answer #2 · answered by swenjj 4 · 0⤊ 0⤋
You can buy MF paying dividends monthly, the problem is their low yield. The managers expect fabulous salaries and bonuses and you pay for them.
Better to buy a number of individual shares over time, aiming for a yield of about 4 - 5%. This is not too much below bank deposits and will grow over time. Of course, property is best of all, if you have the money.
2006-12-28 07:34:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You can set the fund up to pay you either a set amount or a percentage every month. Your tax hit may be very high however. Talk with your broker before doing this but if it works, do it.
2006-12-28 07:30:38 · answer #4 · answered by Sun and Sand 3 · 0⤊ 0⤋
Depending on your age and how much u have to invest, an annuity might be the right choice.
An annuity by definition is a stream of payments over time.
2006-12-28 08:27:47 · answer #5 · answered by Ubiquity 2 · 0⤊ 0⤋
Here are the symbols of some that pay monthly distributions.
GIM, PHT, GHI
2006-12-28 09:21:29 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Of course, but you'd have to put in a rather large sum to begin.
2006-12-28 07:08:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
mutual fund suck to make monthly income.
YOU may want to get in to day trading you will have more control.you should have at least $20,000 to start making good enough money to live on.
2006-12-28 07:08:23 · answer #8 · answered by Jose m 2 · 0⤊ 3⤋