Even seasoned investors make mistakes at times. But when you start investing, you’re prone to letting your emotions take over.


Buying dividend stocks can be a great way to grow your portfolio’s value while enjoying recurring cash flow. But most dividend stocks only pay on a quarterly basis, and stocks with monthly dividend payments (that are less common) may not pique your interest. However, there’s a way to generate monthly cash flow with dividend stocks that involves creatively buying shares of companies with different payment schedules.

By stacking your dividend payments with three different income-generating investments, you can have cash flow coming in every month of the year, even though you’re not investing in stocks that individually pay their investors every month. A good trio of stocks that achieve this purpose is Johnson & Johnson (NYSE: JNJ), AT&T (NYSE: T), and Innovative Industrial Properties (NYSE: IIPR)