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No. of Recommendations: 1
If you want monthly income, the obvious is fixed income, as in GNMAs or bonds.
It is also possible to get monthly income by buying stock and selling a few shares each month; if the market goes against you, the possibility of running out of the investment is very real.
Bonds are the easiest. CDs are another possibility your monther may like; dividing the money in three, investing 1/3 now, 1/3 next month and 1/3 the month after that and having CDs that pay interest quarterly would produce monthly income, and if you choose the bank well she may get over 7%.
Good luck, Chris
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