Investing a large sum for an income



  • cloud_dog
    cloud_dog Posts: 6,044 Forumite
    Name Dropper First Post Photogenic First Anniversary
    If you are living on your current income levels, do you need the additional income from this £200k?

    Why or what purpose is the extra income to be used for?
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • Bigwheels1111
    Bigwheels1111 Posts: 2,381 Forumite
    First Anniversary First Post Name Dropper
    Im in the position where I don't need the income from my savings to live off.
    So in 5 years when the fixed rates mature I will have around 90% of all the interest re invested into savings.
    10 Regular savers as of today with the money going round and round, Easy access to regular savers and around and around it goes.
    I know inflation will hurt me etc, but I will still have 50k More than today.
    Plus the money I started with.
    I can live with that.

Meet your Ambassadors


  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards