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This website is not an advisor in any way, shape, or form. Results can greatly vary and are not guaranteed. Financial advice that could be right for me or someone else may not work or be right for you. Consult your financial advisor before making any decisions. The smart money says do not invest any more than you can afford to lose. That being said… let us dive in!
Split into Dividends Article:
What is a Dividend?
Find More About Dividends Here!
How to Snipe Dividends
Although could be risky,
Who Pays Monthly Dividends
There are a total of xx companies that pay monthly dividends.
- Realty (O)
- Stock (ABC)
Why Monthly?
When you deposit money into your bank, do you want your interest calculated once a year? Once a quarter? Or Once a year? That would be correct! Monthly interest calculations would be in your favor. When you calculate monthly, you reinvest your new money and do it again next month for larger returns.
Examples:
$1,000 at 10% compounded yearly is $100.00 in interest.
$1,000 at 10% compounded quarterly is $103.81 in interest.
$1,000 at 10% compounded monthly is $104.71 in interest.
Is $4.71 really a big deal? No, but… That extra measly $4.71 would equal to $113.30 over 10 years… only from $1,000 that is never touched and constantly reinvested. But let’s make that investment of $10,000. Now its $1,046.71. $20,000 is $2,094.96.
Try some math of your own here on my favorite calculator!
What if you were to keep investing as little $100 a month? $200 a month? How does that math sound to you? Think you could eat out 1 less time a week to have more money in the future? Compound interest and time are your two best friends!
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