does anyone know were I can get more than 6.5% interest on investments?

Question

I am selling my house and would like to live of interest but at 6.5 it mite be a bit tight

Answer 1

Investments that pay more than the bank CD rate (currently around 5%) will be inherently more risky. But if you diversify among a couple of investments AND have a long time horizon you should be relatively safe (there is not going to be a ultra-safe high yielding investment).

That said, you can use a stock screener to look for stocks that pay > 6.5%. You will want check that the dividend is sustainable. Some stocks I own that pay more than 6.5% are TMA, PPR, FRO, OTT, CVP, DRY, BGF.

Some Preferreds will pay 6.5% or more also. AES, NXL, NOC for example have preferred stocks that pay high divdends.

Another option is to find a high yield bond mutual fund - NTHEX for example

Answer 2

Look at Closed-end funds that trade on the exchange. You need to but them at a discount to their net- asset value (NAV) and you can check this out on www.etfconnect.com. Most of these trade on the NYSE or American exchange and are set as far as shares. Unlike an open-ended fund, there is no "load" to buy in, just commission to be paid. All different type of sectors, look at ETV or ETW for international (Just examples) yielding over 9% and pays quarterly. It is very easy to build a portfolio with multiple sectors at nice discounts and average over 8.5%. Remember the interest is NOT fixed, but it will not go down from 9% to 7%. I have been investing in these types of investments for years and always find great bargains when everyone else is selling out. They always come back. Take a deeper discount rather than a higher yield and you will be MUCH MUCH happier in the long run.

Answer 3

find a good income fund at a well known company like troweprice, vanguard or fidelity, it isnt 100% safe but it would be well diversified for you, much safer than single stocks