Investments that provide cash flow
We have just sold our house and moved into an apartment. This means that we a large sum of cash on hand that is just sitting in our savings account. Roughly 0k. We are therefore looking for investment options, preferably an investment that gives back a cash-flow.
I personally really only know of two options: stocks and rental property. I don't really like stocks as it seems like gambling to me and I don't think this is the right time to invest in the housing market, especially in Los Angeles where I live.
I am not looking for a detailed description, but a suggestion for what investment options I should look into.
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Despite your wariness of stocks, take a look at preferred stocks. Investment grade issues currently offer about a 6% return.
Like all securities, they are not risk free but if you pay attention to the external factors (financial health of the issuer and long term interest rates), they are less risky than other securities.
A good book on this is: PREFERRED STOCK INVESTING - Fifth Edition by Doug K. Le Du. It’s around new but you can pick up a used copy for about . I learned some interesting things from it despite having owned and traded preferred stocks for 20 years or so.
EDIT 10/01/20
Le Du just announced that he is retiring and he is offering this book as a free Ebook at his web site.
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