East Bay Business Daily

what are cheap assets I can buy that give me a monthly income?

Are there any assets i can buy in the $1-$10,000 range that will give me a monthly income (anywhere from $1-anything) and that require very little maintence. I would like to start investing my money in things that will pay me back, I know real Estate is good but I don't have enough money for that. Is there anything else?

Public Comments

1. Monthly income limits your choices. However, there are some closed end mutual funds thats pay out monthly. With $10K, this is probably the best choice. Closed end mutual funds are like stocks and can be bought through a discount brokerage, like e-Trade. Check out this searchable site for appropriate investments. http://www.etfconnect.com/
2. A treasury bond will pay out interest, if you are looking for safety, a CD also pays out monthly interest, and is low maintenance