Ask a question to other Boomeraters!

See other questions in the Financial & Legal forum

"How can I invest $250000 safely for income?"

Replies

  • #1
    DanJ
    Posted: Mar 10, 2009 11:02 AM
    Flag for inappropriate language
    DanJ
    Williamsburg, VA
    View Profile

    We recommend a conservative muni bond fund or a separately managed account. Income is fairly stable if the bonds/funds have shorter maturity/duration. Currenlty, you should be getting about $950/mo.

  • #2
    suzyb
    Posted: Apr 07, 2009 05:45 PM
    Flag for inappropriate language
    suzyb
    Reseda, CA
    View Profile

    You could invest in high yield trust deeds. These deeds are backed by real estate so their value can never diminish to zero. You can currently earn a safe 9-10% annual interest with your interest payments mailed to you or sent to a rollover account monthly. On a $250,000 investment at 10% interest, your monthly payment would be approximately $2,083 per month.

  • #3
    suzyb
    Posted: Apr 07, 2009 05:46 PM
    Flag for inappropriate language
    suzyb
    Reseda, CA
    View Profile

    Check out this place for more info: www.overlandfinancial.com

  • #4
    kecastonguay
    Posted: Apr 13, 2009 11:04 AM
    Flag for inappropriate language
    kecastonguay
    Leominster, MA
    View Profile

    There are plenty of options available to you however without knowing the details of your current situation and goals, it would be inappropriate to give you specific advice. Please feel free to call me and discuss your situation and needs at 978-534-5830.

Post your reply

Do you have some thoughts to add or some advice to give?
Only registered Boomeraters can post replies. Log in to your account or Sign up now (it's free)

Reply

 

Looking for a financial advisor?

Search our extensive database of over 3,500 advisors from both independent and large firms.

Enter your zipcode below

Or use this link to find a financial advisor or find a lawyer