[!LittleDragon]

I tend to keep most of my money invested with only $1000 in the bank to cover car and insurance payments. Why let it rot in there? If I need more than $1000, there's the line of credit that I can pay back with the next pay check or by cashing out some holdings.

I used to trade daily and did very well but now with a few business ventures on the side in addition to the full time job, I don't have time to do my market research every evening. Instead, I've been buying up dividend funds. Specifically, PGP, PHK, NCV and NCZ. I don't have to do squat and it brings me a steady monthly payout. PHK at it's current price yields 12% right now, that's 1% per month. Because their dividends are a fixed dollar amount, the principal can go up/down/left/right and I'll still get the same dividends. Reinvest the dividend and your payout the following month will be bigger.

What I do with the dividend every month depends on my mood but I never spend it. Sometimes I reinvest it into the same funds, sometimes I reinvest in a new fund I found, sometimes I buy some gold for insurance and sometimes I'll buy a stock if it's low and I feel like speculating.

As always, don't take my word for it regarding these funds... do your own due diligence before buying.