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    • Home • Advice • Common questions

    What are the best monthly income funds? I am retired, 82.

    04 April 2023

    Question by Anonymous

    What are the best monthly income funds? I am retired, 82, and need help picking some funds. Boring I know!

    Answered by Boring Money

    As quoted in our 'Money Clinic with Bestinvest' webinar:

    Lots of the platforms have income fund lists of their preferred funds, so there’s quite a lot to choose from. However, one type of investment that’s especially popular with income investors is the Investment Trust. You might like to look at our new Investment Trust Hub. The trade body which looks after investment trusts (the Association of Investment Companies) publishes a list of ‘Dividend Heroes’, which are trusts which have very long track records of paying our decent yields. Alternatively, Morningstar is a very credible fund research house, so you can see which funds they rate.

    Find out more on our Investment Trust Hub!

    Answered by

    Boring Money

    Here to help you understand your options and make smart money choices.

    Investment Trust Hub

    What are they, how do they work, and are they worth investing in? Discover all about them!

    Click to visit Hub.

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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