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Re: Question
Thanks for the question Jake. First I would have to ask how much money have to invest. But saying that you would like to make 500-800 a month give your age. I would have to say that you should be looking at some high yield bond funds. I am not a big advocate of mutual funds but bond funds are a relativity safe place to make good interest. I would recommend AGG or ARK (both ticker symbols). But to make the money a month that you are looking for you would need about $52,000 to invest. Now if you don't need that monthly income for 5-10 year depending on when you need that income. I would take as much as you can afford a month and sock away into a high yield bond fund. Reinvest all the dividends as long as you can.
Hope this helped
posted by
Stock_Guru
on November 15, 2007 at 3:46 AM
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stock guru
thanks for sharing this info
posted by
richinstore
on November 14, 2007 at 6:42 PM
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Question
I'm 57, disabled and have no retirement. Is there any investment I can make that would give me a return of appx. $500 to $800 per month?
posted by
Jake_McGirr
on November 14, 2007 at 6:09 PM
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