We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Is It Enough
jem1961
Posts: 54 Forumite
Hi everyone I have £40,000 to invest is it enough to get a monthly income out of it. I know nothing about investments in case you are wondering.
0
Comments
-
You can moderately sustainably drawdown about 3-4% per year if sensibly invested. You would hope it would increase broadly with inflation. So perhaps £120/month.0
-
Do you need to draw an income out of it now?
Reinvesting the income is the key to the future.0 -
Did you see the responses to your earlier post?
https://forums.moneysavingexpert.com/discussion/comment/67843598#Comment_678435980 -
Thanks everyone0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards