Annuities and Property: The Best Investments for Income
Annuities and Property: The Best Investments for Income
People invest for different reasons. There may be a life goal behind it (to retire at a certain age), a business milestone or even a sentimental aspect to it (helping a family member to follow his/her passion). But there is another reason to invest your time and money that is much simpler and straight-forward: to earn a regular income.
The team at Compare The Financial Markets can introduce you to and guide you through two types of investments that would ensure a regular income for you and your family. The best investments for income are:
-Annuities: Annuities can be compared to a type of insurance policy. By investing a substantial amount at one time, you may be assured of a regular (annual) payment that can stretch for years - even for the rest of your life. This type of investment is popular as a form of retirement insurance. Your investment grows steadily over the years, as the institution you have placed it with uses the money to invest in viable opportunities in turn. This steady return makes annuities one of the best investments for income.
-Rental Property: The ownership of property is a viable investment in itself, as properties tend to retain (or grow) their value, and mortgages can carry good financial weight (if managed properly). To get even more bang for your buck, you can rent out your property to gain a monthly return on your investment. After your property has been paid off, and taking maintenance into account, a rental income provides a steady cash flow for any investor.
As with any form of investment, it will stand you in good stead to do thorough research and find reputable experts to guide you through the process - especially if you are investing for the first time. And gaining a return from your investment.
Choosing the best investment can be difficult, so careful consideration is crucial. Your questions on best investments will be answered by our industry experts, free of charge.
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