The Beginner's Guide to Investing in Electric Vehicle Tech

4 Reasons Why Monthly Dividend Payers Are Great For Building Wealth [View Online](=)|[Unsubscribe]( [Street Authority Daily] -[]Recommended Link [The Beginner's Guide to Investing in Electric Vehicle Tech]( From Our Partners [The Beginner's Guide to Investing in Electric Vehicle Tech]( The year is 2030. The 16-year-old in your family decides they don't need a drivers license. They can summon an automated electric vehicle to take them wherever they want to go for just pennies. This is the future of EV technology. [Sign-up for MarketBeat's free guide to investing in EV companies and learn which EV companies show the most promise.]( June 1, 2022 4 Reasons Why Monthly Dividend Payers Are Great For Building Wealth By Nathan Slaughter [Nathan Slaughter] Investments that pay a dividend every month aren't a hard sell. After all, who doesn't want a little extra monthly income to help tackle the monthly bills? Sadly, that's where too many investors believe the benefits end. Indeed, many still think that buying a security paying $0.10 per share in dividends a dozen times a year gives them the same long-term payoff as buying one that pays $1.20 in dividends annually. That idea couldn't be more short-sighted. Beyond the convenient payouts that monthly dividend stocks and funds provide, these frequent dividend payers offer much more than most people realize when it comes to building wealth. -[]Recommended Link [This is how you FIGHT back]( Inflation is out of control. No one can stop it… but you can fight back with Dr. Joe Duarte's "Cash-on-Command" secret. He's been using this "odd tactic" to instantly pocket cold, hard cash, week after week - without buying stocks, options, or futures. And now, for the first time ever, Dr. Duarte will pull back the veil and reveal EXACTLY how it's done… and you're invited to snag a front-row seat to this ground-breaking event. [Claim your free VIP seat NOW.]( Here are few excellent reasons to love monthly dividend payers... 4 Reasons Why You Should Love Monthly Dividends 1. Higher Frequency Leads To Faster Growth If you choose to wisely reinvest your dividends (assuming you don't need to live on them right away), you will ultimately make more. You'll build wealth faster with a monthly dividend payer than with an annual dividend payer. Let's say you invest $100,000 in two securities that each paid a 7% annual dividend yield. One pays dividends monthly and the other pays once annually. For simplicity, let's also say these investments don't change in value over time (i.e. no capital gains or losses) and that you reinvest dividends as soon as they're paid out. After one year, the annual payer would be worth $107,000 (my original $100,000 investment plus $7,000 in dividends) at the end of the year. By comparison, the monthly payer would grow to $107,229 as long as you reinvested dividends every month and let them compound. That's $229 more growth than the annual payer in just one year. Source: [Investor.gov]( As you continue to reinvest dividends and let them compound over time, the rewards of the monthly payer only get better. After 10 years, the yearly compounder grows into $196,715.14. Not bad at all. Source: [Investor.gov]( But the monthly payer in this example would be worth$200,966.14 -- $4,251 more than the annual payer. Source: [Investor.gov]( The key here is that the more often you reinvest your dividends, the more time they have to compound and grow. 2. Less Market Risk When you buy an annual payer, you only have one day a year to buy additional shares through a dividend reinvestment program. But what if the stock hits an all-time high price on that day? You could get unlucky and reinvest in shares at a high price -- and get stuck with a low dividend yield. A monthly payer on the other hand lets you reinvest dividends to buy shares 12 times a year. This spreads out your market risk by letting you buy a few shares at a time. This gives you a greater possibility of buying shares when they're cheaper, for higher potential returns if the security gains in value. 3. Peace Of Mind When you buy dividend-paying stocks, it's often best to hold them for the long haul. But sometimes the unexpected happens. Maybe market conditions get too risky for a specific asset class. Maybe a company runs into trouble. Or maybe the cash is needed for a personal emergency. You could face difficult and expensive choices if a stock you own pays dividends annually and an unexpected situation comes up. I'd hate to hold on to a stock for 11 months, only to have to sell it right before its payoff date and miss out on the dividend income. I'd also hate to hold on to a problem stock just for its dividend -- who'd want to see their stock fall $2 in price just to collect $1 in dividends? In contrast, a monthly dividend payer gives you easier decisions and greater peace of mind. You don't need to wait around as long for a dividend if you ever need to quickly get out of the investment. And you don't have to worry about payoff dates or "missing out" on dividends as much. 4. Convenience While many of my [High-Yield Investing]( premium subscribers use dividend reinvestment as the growth engine for building a retirement fund, many will eventually need to start living off the income from their portfolio. Some are already at that point. Regardless, monthly dividend payers will give them a convenient way to pay bills every month. They might use monthly dividends to pay the final mortgage bills to pay off their home. They also might use them to pay a monthly electric bill, a monthly cable bill, and a monthly phone bill. The Takeaway There are hundreds of monthly dividend-paying securities on the market, with more launching every day. Unfortunately, the vast majority of monthly dividend payers are fixed-income securities (i.e. bond funds), which are interest-rate sensitive and can lose value if interest rates go up. Stocks and exchange-traded funds (ETFs) that pay a monthly dividend are less common, but they do exist... unfortunately, most investors don't realize this, so it doesn't even factor into their investment decisions. (As a side benefit, they may also be the better choice compared to bond funds, as they are less exposed to interest-rate risk.) Either way, I'm fond of monthly dividend payers because they help my readers grow their retirement fund faster while also helping them sleep better at night. And when they're ready to stop reinvesting dividends and start living off the income, they'll be handy toward paying the bills every month. In High-Yield Investing, we hold over a dozen monthly dividend payers in our portfolios. As a nice bonus, many of these carry annual dividend yields of 5%, 6%, or more. It's this kind of approach that has allowed our readers to build a sizeable nest egg to live off of in retirement. And it's not too late for you to get started, either. That's why I created my latest report, which reveals 12 of my favorite monthly dividend payers. [Go here to learn more now...]( -[]Recommended Link [Does this scare you?]( [Does this scare you?]( A recent survey featured by American Banker has shockingly revealed that more than HALF of adult Americans fear running out of money in retirement. But it's no surprise, considering traditional investments like the 10-Year Treasury are yielding near record lows. Fortunately, there IS a solution… and it has the potential to hand you a LIFE CHANGING stream of income most investors only dream of. [Click here now for the details!]( To ensure that you receive these emails, [please add us to your address book.]( Disclosure: StreetAuthority doesn't own shares of any securities mentioned in this article. Members of our staff are restricted from buying or selling any securities for three days after being featured in our advisories or on our website. StreetAuthority is a publisher of financial news and opinions. StreetAuthority is not a securities broker/dealer or an investment advisor and we do not recommend or endorse any brokers, dealers or investment advisors. This work is based on SEC filings, current events, interviews, corporate press releases and publicly available information which may contain errors. All information contained in our newsletters and/or on our website(s) should be independently verified with the companies or sources mentioned. You are responsible for your own investment decisions and should always conduct your own research and due diligence and consider obtaining professional advice before making any investment decision. This message was sent by an automated message delivery platform. Please do not reply to this email address. Any messages sent to this address will be automatically deleted. We sincerely hope that you benefit from your subscription to this complimentary newsletter, and we're willing to do whatever it takes to keep you as a satisfied subscriber. You may contact our customer service department by [visiting this link](. To update your subscription or unsubscribe, please [click here](. Copyright (c) 2022 StreetAuthority, 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited. [Terms]( | [Privacy]( | [Unsubscribe](