Getting a monthly income

3 Posts
Hi,
Suppose I had about £50K spare. What would be the best way to invest this so that I would receive a monthly income from it? And what sort of return would I be likly to get?
Any ideas?
Ta
gerty
Suppose I had about £50K spare. What would be the best way to invest this so that I would receive a monthly income from it? And what sort of return would I be likly to get?
Any ideas?
Ta
gerty
0
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ie, an IVP could provide a gross return of over 10%pa with no risk but you may not be of the right age to consider that or you may want accessibility to the funds.
I'm fully employed earing £33K pa. I'm 36, so I wont be retiring for a while yet.
I'd be willing to commit the money for a year at a time, and would be happy with medium to low risk investments.
gerty
Egg Savings
ING
Bradford & Bingley
Alliance & Leicester.
Also, you need to think about weather you want your interest paid annually or monthly - I prefer monthly