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Message
Best place to invest in that pays monthly interest dividend
Posted on 7/9/23 at 1:55 pm
Posted on 7/9/23 at 1:55 pm
Is there a fund out there that automatically pays you a monthly amount of interest? And I assume you can pick whether to reinvest it or actually take the gains out each month.
Hypothetically if I had a decent 6 figure amount that I wanted to keep it relatively safe but don’t necessarily need a guarantee like a CD gives you. I read something on here but can’t find it. Hopefully someone can point me in right direction.
Hypothetically if I had a decent 6 figure amount that I wanted to keep it relatively safe but don’t necessarily need a guarantee like a CD gives you. I read something on here but can’t find it. Hopefully someone can point me in right direction.
12
Posted on 7/9/23 at 2:21 pm to GravelLotinCanada
SNOXX Charles Schwab treasury obligation last 7 days 4.7%
Posted on 7/9/23 at 3:23 pm to GravelLotinCanada
SVOL
QYLD
QYLD
Posted on 7/9/23 at 3:45 pm to GravelLotinCanada
JEPI
Posted on 7/9/23 at 4:32 pm to stewie
KYN….no longer pays monthly but it pays quarterly….it’s a cheap stock to buy and pays a great dividend
Posted on 7/9/23 at 5:17 pm to GravelLotinCanada
quote:
I read something on here but can’t find it. Hopefully someone can point me in right direction
Probably remembering thread about USFR, a floating short term treasury fund. Not a bad fund if you want to sit in something super liquid and in the front end of the curve. It pays out a monthly dividend.
This post was edited on 7/9/23 at 5:20 pm
Posted on 7/9/23 at 6:26 pm to RoyalWe
quote:
QYLD
i have that fund also. i do not believe he wants that risk and of course he will not reap that great dividend either. 11.49%. looks like he just wants a money market fund.
This post was edited on 7/9/23 at 6:30 pm
Posted on 7/9/23 at 6:28 pm to GravelLotinCanada
I dont do a lot of monthly dividend stocks/ETF's but do like:
ETF's: Jepi ,Jepq
Stocks: O
ETF's: Jepi ,Jepq
Stocks: O
Posted on 7/9/23 at 6:29 pm to GravelLotinCanada
If you have a Fidelity brokerage, your uninvested cash sits in SPAXX which is paying 4.75% currently.
Posted on 7/9/23 at 7:34 pm to SM1010
If you have an I-phone, you can sign up for Apple Bank at 4.15% interest. You get a credit card; the rewards dollars are depositing in the account. Interest is paid monthly. You can transfer to and from your bank account anytime that you want. It takes a day or two to get your funds.
It's a good deal for resting money if you want to have some available and don't want to wait for a 6 month or 12 month CD to mature.
It's a good deal for resting money if you want to have some available and don't want to wait for a 6 month or 12 month CD to mature.
Posted on 7/9/23 at 11:37 pm to SM1010
I would love to meet your downvoters on this factual and helpful information
Posted on 7/10/23 at 4:00 pm to stewie
I think that was it, JEPI. Thank you, and everyone else who responded.
I hate to start a new thread on this, so any negatives to parking money in JEPI vs a CD or bond ladder type deal?
I hate to start a new thread on this, so any negatives to parking money in JEPI vs a CD or bond ladder type deal?
Posted on 7/10/23 at 4:44 pm to GravelLotinCanada
I think my Marcus is paying 4% right now.
Posted on 7/10/23 at 6:03 pm to GravelLotinCanada
JEPI as mentioned
Posted on 7/10/23 at 6:42 pm to GravelLotinCanada
I do JEPQ, reinvest
Posted on 7/11/23 at 7:26 am to GravelLotinCanada
what do ya'll think about ORC ?
Posted on 7/11/23 at 8:07 am to GravelLotinCanada
quote:
so any negatives to parking money in JEPI vs a CD or bond ladder type deal?
Generally speaking;
JEPI =
Better yield (usually around 10%) but yield isn’t guaranteed.
Initial investment can appreciate but can also lose value … true market exposure.
Depending on type of account, cap. gains tax rate.
Still offers decent flexibility because you can cash out and have funds available in a couple of days.
CD/Bond
Lower yield 4.5 - 5.3%
Federally guaranteed on CD… won’t lose money on initial investment.
There are some avenues (municipal bonds or treasuries) that lower your tax exposure.
Offers limited flexibility (depends on the fine print of the bond/CD)
All depends on your risk tolerance and how flexible these funds need to be.
As mentioned, if you might need these funds, a money market account at 4% is not a bad option.
Posted on 7/11/23 at 8:32 am to Alucard67516
quote:
what do ya'll think about ORC ?
Personally wouldn't touch it.
Like others have said, if you're wanting to go with an equity, I'd pick O.
Posted on 7/11/23 at 10:00 am to GravelLotinCanada
PDI
Posted on 7/11/23 at 10:23 am to stewie
quote:
Initial investment can appreciate but can also lose value … true market exposure.
quote:
Still offers decent flexibility because you can cash out and have funds available in a couple of days.
no shite? sounds like any major dividend paying ETF.
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