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Quote from: Charl Du Plessis on April 25, 2017, 03:57:00 pm

Quote from: Mr_Dividend on April 25, 2017, 03:15:30 pm

9.5% p/month - wouldn't that be great. in dollars nogal. There are ponzi schemes that offer less!

I doubt it - must be per year, even then, that's a pretty good div/yield for the states. in sa there are a couple of REITs paying around 11% per year.

http://www.dividend.com/dividend-stocks/financial/reit-diversified/arr-armour-residential-reit-inc/

You sure its not legit?

Just be careful, I see ARR cut their dividend by 13% in Jan '17. Maybe first make sure the co is still solid?

Yeah, was just an example, however I'd probably go for the more reliable Monthly Dividend Companies like Realty Income (O).

Still though, I need a low cost broker... Currently signing up with Ameritrade, because its the only one that I can find that serves Non-US traders like myself...

Still waiting for better suggestions.

I am not sure that you will find shares that pay dividends monthly - and are you looking local or foreign markets. If you are able to generate an investable amount of R 5,000 per month (presumption) then you may be better off investing a 32 day account with interest back into the source account. There are not too many ETF that will give you a reasonable dividend return that will compete with a short term bank investment, and I am not aware that any equity based investment gives you a monthly dividend stream most are quarterly as the shortest cycle

It may pay you to accumulate some funds as a short term approach in a monthly returning investment and then when you have the prescribed minimum deposit requiremtn move the funds to that account to purchase your equities.
The big issue for me is your need for a monthly dividend stream which I don't think you will find - maybe a forumite can clarify if such funds do in effect exist

So, through TradeKing if I open an account, and pay $4.95 for 1 trade... of about R5000 invested into say... (ARR), right now @ 9.5% monthly dividend, I'll be getting R477 monthly (as it stands). When I see the figure lowering, I can just move my money.

Even if I'm taxed 30% of that... its still good.

So I'm really just looking for better brokers atm.

Hey Everyone 

As stated in the Subject, I'm searching for Brokers that allow me to buy stocks that pay dividends monthly.

For example Realty Income (O)...

The criteria is as follows:

- Free/Low/Reasonable Commission Fees
- None or Very Small Starting Amount... eg Interactive Brokers needs $10,000 just to have an account with them... (I have R0.00)

I can consistently Afford investing R5000 into such shares. (Monthly Dividen Shares.)

Please kindly list some broker suggestions for me and how much commission is charged as well as the starting amount needed.

Update: I just came across this list.. http://www.dividend.com/best-online-brokers/
Update.. You have to be a US Resident to use TradeKing.com or optionshouse...
Update.. So it seems like Ameritrade is the only viable option at this point in time ($10 per trade) unless someone can recommend another?

Still waiting on suggestions.