I would like to make a monthly income off of 100k, other than real estate what is the best way to do this?

Answer 1

I am assuming that you mean by passive investments. There are several closed end funds that pay distributions monthly. Here are a couple.

RMH pays 0.14 a share monthly on a stock price of $15.09 for a yield of about 11%. This fund however is selling at a pretty high premium to net assets and it has cut its dividend by 0.01 per share since December.

HYF pays 0.04 a share monthly on a stock price of $5.05 for a yield of about 9.5% This fund is selling at a slight premium to net assets and it has cut its dividend by 0.005 per share since last September.

PHK pays 01219 per share monthly on a stock price of $15.48 for a yield of about 9.4%. It too sells at a slight premium to net assets. The dividend has been steady for a year and also there was some capital gains distributions besides.

All of these invest in junk bonds.

One that does not is GIM. Much lower return but AAA bonds in general of foreign governments. 5.5% return. Pays 0.042 monthly on a stock price of about $9.39

Here is a link where you can find others and more besides.

http://www.etfconnect.com/

Answer 2

I'm in a similar situation- 26, make good money for my age, etc. Although I'm still looking to break into the market same as you, my family is heavily into real estate (50 properties in CA/NV) so I can share some words of wisdom that I've picked up from them. 1) Multi-unit properties are valued based on the rental income they produce, single residency properties are not. Right now single family homes are too pricey to justify if you're looking to rent it out- your rental income will not cover your expenses in most cases. You stand a much better chance of having positive cash flow in this market if you buy a multi-unit building. 2) Screen tenants carefully- it is better to have a unit sit vacant for a month than put someone with a shady record into a lease just to fill up your building. This will lead to many headaches with evictions, property damage, etc. 3) Be prepared for the long haul. Real estate is the sure way to riches, not the quick way. Many rental properties barely make a profit for the first 5 years or so. But given time the rents will rise and mortgage won't, so you'll make $$$ down the road. Don't expect a quick easy return. Hope this helped. You are certainly on the right track and asking all the right questions. You'll get there eventually. Cheers

Answer 3

i dont think most people notice that you said "off of 100k" ... they read monthly income OF 100k... lol

You have a LOT of choices...
CD's that pay monthly. Money Market accounts that pay monthly you are talking about in the range of 5% taxed as regular income.
You could also build a portfolio of dividend paying stocks. Yields would range from 3 to 6% taxed at the 15% dividend rate.
could buy an income oriented mutual fund ... pays between 5-6%
Buy either REITS or royalty trusts on the stock market. They pay in the range of 7 to 15% and will be much more volatile than other fixed income investments... one well known example is BPT pays 12% from royalties based on the oil flow thru the alaskan pipeline. go to the stock screener and look at reits.. there are a lot of different types of reits ... some manage apt complexes some own and manage busuness real estate and some are simply classified as reits but make a living lending money.

anyways...
good luck

Answer 4

Hello I would not risk the full amount but depending on how much you want to earn monthly would be the factor to consider for your investment. I invest with a investment club and earn an average of 5.3% monthly. Which by any standard is a pretty good return. If you would like more information write to me at [e-mail]

Answer 5

You mean you have $100 k and you want to invest it somewhere that brings back a steady income every month?
There is a website called aidforfamilies or something like it that says they will pay 10% every month on at least a $25k investment. Don't know if it's a scam but that would bring you $1000/mo. if it was legit. I guess the best thing would be to invest it with a financial group that has proven results and someone you can trust that won't lose your principal. The best way to find them would be to ask people who know. Good luck!!

Answer 6

Try selling on E Bay. Very few people make THAT kind of money every month but if you have the time and are able to find good quality stuff at cheap prices and you have some help then you can definitly make a lot of money on E Bay.

Answer 7

Stock Market.

Answer 8

Investment which do you think more secure. Of course you need to find the company who has the license to operate their business. As for our country, only one investment company currently offering or open this great opportunity.

My email: [e-mail]

Answer 9

well you start by becoming a rapper type or a movie star then if that does not work out you can try out for the Dallas Cowboys. If all else fails........

Answer 10

Depends on your skills, the time you want to devote to it, and whether you have access to the right tools. The piece of string I have is this long, don't you know.