Earnings360 Newsletter for 9/25/2024

Nvidia pays a 25 cent quarterly dividend. At $216 a share, a $5,000 stake generates roughly $23 a year.

A new fund built on Nvidia's stock pays out monthly instead, with payouts of up to $591 in a single month on the same $5,000 - though checks vary and come with trade-offs against future growth.

Forbes calls this corner of the market a golden era for income investors.

A $250,000 nest egg growing at 5% a year and paying out $2,500 a month runs dry in just over a decade. Start with $150,000 and it's gone in under six years.

A new Prudential survey of more than 3,000 Americans over 50 found 86% don't feel free to spend their savings on things they enjoy.

Tim Plaehn, who has advised investors since the 1980s, is tracking a monthly income fund built on major U.S. companies that pays cash without requiring investors to sell shares.