Tuesday, June 30, 2009

Tony Farrell's High Yield Monthly Dividend Stocks

Here is my abbreviated investing history leading to the birth of my web site:

Some of my large cap financials recently went bust or nearly bust, including Wamu (WAMUQ), Citigroup (C), and AIG. Then I bought some others at the march bottoms including Bank of America (BAC) and Wells Fargo (WFC) which subsequently rose 300% in one month. At the end of the madness, I was about break-even. I decided this was not the way for me to go, as I did not have access to large amounts of cash but instead could only make small incremental cash infusions to my portfolio from my regular income from my job. I sold all my large cap financial stocks except for WAMUQ, which I am holding pending the outcome of the lawsuits.

Therefore, after deciding on an investment strategy for myself involving buying a highly diversified range of small positions in high yield monthly dividend payers, I set out to find and locate all the best high yield monthly dividend payers. There are a bunch of them out there, and even a few consistently paying out greater than 20% yields.

Doing my research online through google searches, yahoo searches, bing searches, trying to use my own scottrade account, and so on, I quickly became frustrated with trying to identify the securities I was after in the first place. Eventually though I did manage to piece together a decent list of stock symbols.

From there, I was looking for the best buy related to the past five years’ best price and regular monthly dividend payout versus the current price and dividend payout. This data was extremely elusive, and I would spend hours and hours trying to compile it, only to have the price and dividend change by the time I was done. This resulted in making some decent buying decisions which could have been much better if my data set was more complete listing all available high yield monthly payers and if it was more current, displaying the numbers relative to current prices during the trading day.

With my computer and computer science background, this gave me the idea to create an automated method for displaying the information I was looking for relative to the stock symbols I was interested in. At the same time, it struck me that there must be other people experiencing the same frustrations with regards to finding high yield monthly dividend payers, and so I set out to create a web-based tool not only for myself to use, but also to make it available for the internet public so that anyone else looking for similar data would have access to the same tools I was developing and using myself.

Hence the birth of Tony Farrell’s High Yield Monthly Dividend Stocks

Get your FREE updated and current lists of high yield monthly dividend stocks, trusts, ETFs, CEFs, funds, etc. from my web site at http://www.monthly-dividend-stocks.com

There are no forms to fill out, you don’t need to give me your email address, and the data is just right there one click away depending on the list you are looking for. I only ask that if you know of any other good high yield monthly dividend stocks which are not on my list, please let me know so I can add them.