Monthly Dividend ETF/Mutual Funds

[Sunset]

I've never thought of this needing a monthly income as an issue.

My brokerage accounts all have various stocks and etf's and maybe a fund within them. The dividends pay out and collect as cash in the account.

I just transfer out the needed money, so to simulate a monthly income, I'd just take out X amount each month, after figuring out what the avg available cash would be.

That way Bonds could be kept in the IRA/ROTH accounts and just stocks in the taxable account.

 

[pb4uski]

Same here. When I retired I just tweaked my AA to include more cash and less fixed income and my monthly income is a transfer from my cash to my local bank accunt that I use to pay my bills... total return or bust!

 

[jim584672]

For those looking for safe monthly income...
Note: If the rates rise this fund will suffer.

Vanguard GNMA Fund Admiral Shares (VFIJX)

This bond fund specializes in government mortgage-backed securities. The fund primarily invests in GNMA securities, which are backed by the full faith and credit of the U.S. government and typically offer a higher yield than U.S. Treasuries.

Expense ratio 0.11%
SEC yield 2.74%

 

[ERTX]

Avoid them:
(1) You may not get 15% QDI.
(2) The dividend is not constant and can go down.
(3) None of them have good long term track records.

Instead buy dividend champions that pay dividends in different quarters to obtain a monthly income stream.

 

[papadad111]

DIA pays monthly a dividend.

 

[Brat]

O A Dividend Paid Monthly | The Monthly Dividend Company | Realty Income pays a dividend monthly. http://www.dividend.com/dividend-stocks/financial/reit-retail/o-realty-income-corp/ Many say that REITs are pricy at the moment and there is no way I would recommend anyone put all their income investments in one stock but this stock should be on your 'to consider' list.