Is there any way to get a monthly income of an investment?

Question

Is there any way to get a monthly income of an investment?

Answer 1

yep, buy a house and rent it to someone....

Answer 2

Bonds will pay you dividends on a set schedule usually twice a year they are $1,000 and you will get back interest for as long as you own it (usually 30 years) typically $35-$50 every six months. Real Estate investment is tough at the moment because even though houses are going down in price they are still slightly inflated in value, plus you have the joy of finding reliable tenants. You can also do short term CDs get say 3, 3 month CDs stagger them month to month and you can get a small income from them. This all sounds like a small amount of money (and it is) but the key is to do many things and get them all to pay you, with the power of compounding interest you will see your money grow like a snowball effect.

Answer 3

there are certain bond funds sold by mutual funds that do
this, get one that is a noloaded fund, that means no charge
for buying into fund, you are only charged a tiny managment
feel call various mutual fund companies, ask if it is a
no load fund, how much the mamagment fee is and check
its track record through morningstar, they rate mutual funds.
also, ask for a prospectus to be mailed to you about
the various mutual funds that you are interested in. good luck.