Will be interesting to see whether the traditional end of year rally can overcome the storm clouds that must surely be appearing on the horizon soon if inflation continues to rise.
And October is always good for a bit of panic and a big sell-off!
Will be interesting to see whether the traditional end of year rally can overcome the storm clouds that must surely be appearing on the horizon soon if inflation continues to rise.
And October is always good for a bit of panic and a big sell-off!
I wouldn't worry about inflation as it's a bit of a misnomer. Inflation figures are based on a rolling 12 month period. July's figures were skewed as it contained prices from last July when we had just come out of lockdown 1 & the economy suddenly picked up.
Typically crafty effort by Oohah - make the lowest prediction, then insert it in the middle of the table so no one notices 'til the deadline has passed!
Just changed utility company gone from bulb to igloo. Our bills were out of control due to old hot tub costing to keep warm have since got new one and turn on only when using. Because of this our direct debit is set at £220 a month.but first month we have only used £97. So have £100 plus credit. And it says in account it is earning 3% interest that’s better than banks ain’t it how can that be right.
Had a lazy spa Paris now got lazy spa Bali bit smaller heats up from 21 to 40 in one day at moment. I used to leave the Paris on all time got £800 behind on electric bill. Now just turn it on when we want to use it.probably have to be day before when it gets colder.
Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
I've done well out of tobacco in the past (mainly BAT) but Philip Morris and especially Imperial are good recommendations.
Others - GSK, Rio Tinto, and SSE or United Utilities. I would also add a bit of oil! - BP and/or Royal Dutch Shell.
Thought I'd throw this open, as it should be of interest to a fair few older bods. Investing for income.
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA - a buddy locally who really knows his stuff financially, shared details of his share portfolio which generates decent income..some up to 8% pa.
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Have a look at what shares the equity income funds and the equity & bond funds are investing in. Then there are high yielding bonds. But not many shares are paying dividends atm....especially not in excess of 4%. This is why investing for income is very tricky in a low interest rate world. You could also look at the deposit/income based Structured Products, but nothing is going to give you anything above 4%. My mantra over the years is to go for growth & then take income from the capital. A balanced portfolio should return an average of 6%-8% over a 10 year period. Take 5% income from that annually & you wont go too far wrong. Or, in my pre IFA days, we would look at Distribution & With Profit funds - usually held in an Investment Bond. I'm sure your friendly IFA is looking at the Offshore versions for you 😉. Problem with individual shares is risk & tax. Much better inside a collective......
Comments
That being the case 7220 please
I wouldn't be upset if he wins, don't suppose any of us would be, unless one of you has shorted the ftse.
Will be interesting to see whether the traditional end of year rally can overcome the storm clouds that must surely be appearing on the horizon soon if inflation continues to rise.
And October is always good for a bit of panic and a big sell-off!
I'm finally selling my UK house, which means I will no longer have the rental income it provided. We are in no rush to invest in property elsewhere so I would like to re-invest the proceeds mainly in investments that generate income. While I'll be more comfortable with funds - and for this I'm expecting great advice from my newly appointed IFA
So on the basis that *nobody is offering advice* I thought I'd share those equities he mentioned, and ask if anyone else cares to share any ideas for reliable income generating equities (or anything else).
He does well out of tobacco, which I'm not going to touch; he has shares in Philip Morris, the Altria parent, and the local Czech operation, Tabak.
He has a couple in the banking sector even though he has misgivings about banks as businesses : Citigroup and Wells Fargo
He invests in two of the actual companies whose business is funds ( I like this idea): Schroders and Jupiter
He's got IBM, typical unfashionable but rock solid tech.
And he has AT&T although he admits he's not sure if this will be a good choice.
Hopefully this is worth a general discussion, and I'll certainly be interested if any other punters have some holdings mainly for income.
Others - GSK, Rio Tinto, and SSE or United Utilities. I would also add a bit of oil! - BP and/or Royal Dutch Shell.
Edit: On the funds businesses, I would add M&G.