No. of Recommendations: 1
when the flat is rented i get £600 plus a month, for sure no investment will give me a return anything like that?

I don't know why you say that. Assuming £625/month (since you said £600 plus) is £7,500/year. That's a 4.17% return annually. However, once you take into account property/council taxes, repairs, maintainence, and vacancies/other times when the tenants don't pay, you're probably down to somewhere between a 3% and 3.5% annual return, at best. A 3% return would be £450/month and a 3.5% return would be £525/month. As already suggested, you could probably buy an annuity that would pay you £500/month. Or you could invest in divend paying stocks, preferred stocks, debt securities, or bonds.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.