Funds that pay an income

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Calico

Registered User
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Can anyone recommend/advise on investment funds that pay a monthly or quarterly income?
 
Hi Calico

This question is often asked, but one needs to ask why one wants an income as such.

You can buy a fund with no entry or exit charges and cash the fund as you need "income".

If you need taxable income to use up your tax credits, that would be a different question, but I don't think that this is what you are asking.
 
Brendan Burgess said:
Hi Calico

This question is often asked, but one needs to ask why one wants an income as such.

You can buy a fund with no entry or exit charges and cash the fund as you need "income".

If you need taxable income to use up your tax credits, that would be a different question, but I don't think that this is what you are asking.
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Hi Brendan,

No, not to use up tax credits...more looking as a bit of top-up cash from time to time. My salary is very low which I struggle to live on. However I have a lump of cash (about 50k) which I take interest from every month. Just wondering if there was a dividend paying fund that might do a bit better for me. Been having a look round, but drawing a blank.
 
If you don't mind the risk you could put together a basket of shares (no fund management fees etc!) that typically pay good dividends. There are plenty of sites listing them if you do some Googling but Vodafone, BAT and BP (assuming they start paying dividends again soon) jump to mind as good dividend payers. You'll probably want 8-10 companies in diverse fields to minimise risk. Most of them will probably be in the UK/US which might tick another box for you if you're concerned about the Euro as some seem to be...
 
Or you could invest in an ETF that pays a dividend, The Management Cost are a fraction of what most investment funds charge.

For the purpose of clarity and realisation have a look at this link which sets out quite clearly as to why not invest in normal funds. The link is http://www.askaboutmoney.com/showthread.php?t=144230
 
Just on the ETF's is there a link or other posts where I can learn a bit about these i.e. whats available, where, prices, performance how to purchase/sell, charges etc. Thanks
 
149oaks said:
where I can learn a bit about these i.e. whats available, where, prices, performance how to purchase/sell, charges etc. Thanks
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Try www.google.com. There are literally millions of web sites providing information on these products. Failing this try amazon.com and buy a book on them. Or www.ishares.com, the pioneers of the product.

You will find it fairly difficult to source information on the Irish market as the institutions do not actively market them. Very little fees and commissions from them so they cannot cream off the top.
 
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