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Stockpickr: Stock Plays for Baby Boomers

Retirees like these investments for the regular monthly income, and preretirement investors, whether they hold them in their retirement accounts or their taxable portfolios, like these stocks for the faster compounding that monthly dividends provide.

Can monthly compounding make a difference? With a $100,000 portfolio yielding 14% (taxes excluded) over a 10-year period -- assuming the dividends could be reinvested at the same rate -- an investor receiving monthly dividends would be ahead by more than $6,300 vs. quarterly payments, more than $15,200 vs. semiannual payments and more than $31,500 vs. annual dividends.

There are a few caveats relating to these investments, however. First, some of them are thinly traded. Second, with regard to the Canadian royalty trusts, there is a withholding tax on the distributions, and that can affect the yields, especially in retirement plans.

In addition, although Canadian trusts currently avoid double taxation, the Canadian finance minister has proposed taxing all existing trusts as regular corporations, starting in the year 2011. This could affect the yields significantly in the future. However, the measure is far from approved, and the stocks have also fallen significantly, discounting the effect this rule would have on the stocks.

Check Stockpickr for the full list of 200 stocks that pay monthly dividends.

For other dividend resources on Stockpickr, check out any of the following portfolios:

Please note that due to factors including low market capitalization and/or insufficient public float, we consider RMK Strategic Income Fund and Boulder Growth & Income Fund to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of and part of its network of Web properties, and managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of Trade Like a Hedge Fund and Trade Like Warren Buffett . Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email. has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from
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