Investing for income
This means finding investments which can provide regular payoffs, either through dividends or interest. This sort of strategy is ideal for those looking to boost their retirement income or who need to meet ongoing financial commitments, such as education costs or nursing home fees.
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TIP:Â Look at investment funds which invest in shares that offer higher-than-average dividend payments, or corporate bond funds where the income is often higher than you would get with an equity fund but the potential for capital growth is low.
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