daveyt2 Posted July 6, 2011 Share Posted July 6, 2011 Can anybody recommend where I might get really sound Independent Financial Advice? I have a lump sum that I would like to invest so that I can receive an income. Link to comment Share on other sites More sharing options...
shirker Posted July 6, 2011 Share Posted July 6, 2011 I use Charles James in Dronfield, but bear in mind, anything invested that has any risk may not perform, irrespective of how good the advice is, Therefore you will not get any income, plus you still pay for the advice. The other methods would be a bond, where the interest is paid monthly. You can get 4%+ if you lock it away for 3+years. Property rental could be a viable way if you have enough, but it doesn't come hassle free! Link to comment Share on other sites More sharing options...
Cyclone Posted July 6, 2011 Share Posted July 6, 2011 The risk of 3 years is of course that interest rates go up in the next 12 months and you're tied into what becomes an uncompetitive rate. But it does let you budget for the income though and it's better than keeping it in a savings account. Link to comment Share on other sites More sharing options...
scottf Posted July 6, 2011 Share Posted July 6, 2011 premium bonds?? With that amount in your pretty much guaranteed a win ever month? Link to comment Share on other sites More sharing options...
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