Investing for Income
If you are an investor needing a steady stream of income from your savings, your choices go far beyond just trying to get the highest bank interest or the best rate on a five-year GIC. Here are some alternatives that have proven to be constructive and applicable. Perhaps you should consider them.
1. Dividend Funds
These mutual funds invest in high quality equities that pay dividends on a regular basis.
2. Systematic Withdrawal Plans
Would you like to invest $100,000, receive an income of $825 or more every month, and still see your capital continue to grow at a satisfying rate? Check out this Money Matters article for further discussion. Income,Income,Income