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re: Where to invest for income
Posted on 1/31/16 at 8:35 am to oldtimefootball
Posted on 1/31/16 at 8:35 am to oldtimefootball
quote:
5 year CD
FDIC insurance only covers $250K, if it's only with one bank. Go to a certified financial planner. You can spread it around in different stuff so you don't risk the whole thing in one investment.
Some examples are (other than dividend paying stocks): mutual funds, real estate income trusts, business development companies. A combination of all those things plus whatever else your CFP knows about would be best.
CDs don't make enough right now to make it worth keeping them. Neither do municipal bonds.
1
Posted on 1/31/16 at 10:35 am to WiscyTiger
The biggest question we need to know is do you need to principle amount ($475000) for anything?
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