Investing for monthly income and moderate long term growth

Technoholic

Hi

Wonder if I can get some advice and pointers to what my options are here. I am 37, I have a SIPP for my main retirement investment and the is mainly targeting growth over the long terms. Fairly high risk now and quite volatile but of course, my plan is to grow and reduce the risk as time goes on. 

I have a lump sum that I'd like to invest with the sole goal of generating some monthly Income. But ideally I'd like to moderate growth over the medium term too. I have a share scheme through work which is effectively an immediate 15% boost to whatever I invest in that every 6 months, up to a maximum of £1000 a month. So I will be maxing that out, and then moving the resulting funds into whatever I invest in every 6 months. 

I'd like some pointers on where to look for information on portfolios for income, ideally ready made to start with and then as I learn more, start to move things around myself. 

Does anyone here have any recommendations either from themselves with ideas of potential yields or can direct me to some reading on this subject?

Thanks

Technoholic

I should add, property is still an option but based on previous conversations, it seems that this is not the recommended direction to take these days for new investors

NannaH

You could go for a Global equity income fund or a split of Global and UK equity income.
I’m researching income funds at the moment and have seen Threadneedle UK income, Rathbone income, Troy Trojan Global income, Artemis Global and Fidelity global dividend recommended on various sites.  All have yields of between 2.5-3.5%

Audaxer

Lots of equity income Investment Trusts pay good regular quarterly income and have grown their capital over the long term, so you could start by researching some of these on the AIC website and have a look at 'Dividend Heroes' on that site. I'm surprised you are looking for investment income at age 37 unless you need it to top up your monthly income for spending rather than accumulating.

Technoholic

Audaxer said:

Lots of equity income Investment Trusts pay good regular quarterly income and have grown their capital over the long term, so you could start by researching some of these on the AIC website and have a look at 'Dividend Heroes' on that site. I'm surprised you are looking for investment income at age 37 unless you need it to top up your monthly income for spending rather than accumulating.

I feel that I have enough in the growth side in my SIPP which is regularly added to, I don't need the extra monthly income but I would like to start using the capital I have to work for me in the short term, generating a little extra monthly for spending, and any capital growth I can achieve in the meantime will obviously be a benefit in the long run

Audaxer

Technoholic said:

Audaxer said:

Lots of equity income Investment Trusts pay good regular quarterly income and have grown their capital over the long term, so you could start by researching some of these on the AIC website and have a look at 'Dividend Heroes' on that site. I'm surprised you are looking for investment income at age 37 unless you need it to top up your monthly income for spending rather than accumulating.

I feel that I have enough in the growth side in my SIPP which is regularly added to, I don't need the extra monthly income but I would like to start using the capital I have to work for me in the short term, generating a little extra monthly for spending, and any capital growth I can achieve in the meantime will obviously be a benefit in the long run

That's fine, but bear in mind that even if you are investing for income, there is no guarantee that your capital will hold it's value in the short term if you think you may need the capital back in that timeframe.

NedS

How about something like JP Morgan Global Growth and Income fund (JGGI) which has typically out-performed a global equity tracker over the last 5 years and looks to pay out 4% of NAV in annual dividends, either out of income or from income and capital. Best of both worlds, good growth with regular income paid quarterly