if not, how can you distinguish if a mutual fund offers monthly dividends?
2007-01-20 08:57:01 · 8 answers · asked by BroadwayFanOne 1 in Business & Finance ➔ Investing
Trick way to play this if you can only find quarterly pay mutual funds. Buy three that pay on different cycles -one paying a different month in each quarter. That way you get monthly income from non-monthly funds!
2007-01-20 09:07:19 · answer #1 · answered by curious1_ct 1 · 0⤊ 0⤋
I own FT. It pays a monthly dividend which yields around 7% annually.
I'm sure there are others, but this one is highly leveraged in an industry I am bullish about. It is a closed fund also.
Read "The Intelligent Investor" by Benjamin Graham. There's a whole chapter on mutual funds and why closed funds are better.
2007-01-20 09:10:58 · answer #2 · answered by sirtitan45 4 · 0⤊ 0⤋
The only index mutual funds that I know of that offer monthly dividends are index bond funds.
2007-01-21 12:35:28 · answer #3 · answered by gosh137 6 · 0⤊ 0⤋
Closed-ended funds can.
Open ended cannot for tax reasons. For an open-ended find to give quarterly dividends, they would have to invade principal (because companies do not reliably give out dividends each month). Invading principal would have some peculiar tax consequences and can also be seen as a "forced redemption" wich is frowned upon by the SEC.
What you can do is open an account at a brokerage and have them automatically withdraw a given amount from your fund for you each month and send you the proceeds from the sale/redemption.
2007-01-20 09:54:23 · answer #4 · answered by Anonymous · 0⤊ 0⤋
ASk a broker.. Go to Edward Jones for instance.
2007-01-20 09:05:11 · answer #5 · answered by chazzer 5 · 0⤊ 0⤋
No one can guarantee. But yes, it can be even more if you selected right funds.
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2007-01-20 14:08:49 · answer #7 · answered by myswisscash s 1 · 0⤊ 1⤋
No.
2007-01-20 09:10:51 · answer #8 · answered by Anonymous · 0⤊ 1⤋