No. of Recommendations: 0
Here is how I look at it:

Option # Vangaurd GNMAs are a very safe place to put money and recieve a monthly income. The daily price of your asset will fluctuate daily as intrest rates change etc, but by no means as much as a stock.

2nd option : Buy government issued securities directly from the Federal Reserve. they have 13 26 52 week 2 5 and 10 year notes, they will pay a little less but they are govt backed securities. you can buy them without a commission by going to

with the GNMA you have the benefit of dividend reinvestment if you wanted to or have the money fromt the dividends go into a Vangaurd Money Market fund where you can write checks off of it.

good luck
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