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!