I have 210,000 GBP
I want a stable annual income to pay my rent.
What are your suggestions?
get a job
>>1365199
>title is passive income
>brainchild suggests getting a job
he already has money; he's asking how to get his money to work for him.
OP, how much in passive income are you looking for?
>>1365199
I am currently a student at a university
>>1365202
Hi. Looking for around 8-9% annual yields
Buy 3 houses, 50k deposit each with interest only mortgages and rent them out. If near a university gut them and make as many bedrooms as possible.
>>1365211
I was thinking about property, but have little knowledge. Would you say purchasing one bedroom flats in cities like Sheffield without a mortgage or using a mortgage to buy to let?
tc you probably have the most retarded pic ive ever seen on /biz/
>>1365193
1/3 in Vanguard Total Stock Market ETF (VTI)
1/3 in Vanguard Total International Stock ETF (VXUS)
1/3 in Vanguard Total International Stock ETF (VXUS)
Pay rent with dividends.
>>1365229
Last 1/3 should be Vanguard Total Bond Market ETF (BND)
>>1365233
What annual % approx would I get?
The markets are completely fucked at the moment, im a bit skeptical..
This being said more interested in property in the UK, however can not take out a buy to let mortgage because I am a student and have no income in theory
>210,000 GBP
That's like $100 right now
>>1365217
REITs are probably just as good for you; if you want true passive income, you're going to want to pick up a couple diversified REITs; typically they'll get you 5-7% of pretty consistent dividends per year.
The key advantage of owning your own property is likely leverage; you can get a mortgage for $600k in houses easily, and in doing so, you can potentially earn a slightly higher retun on investment. However, if you're not smart about the way you rent out these places, you'll find yourself with much higher expenses due to repairs/evictions/fines, etc.
It's much easier to go with REITs.
Alternatively, I've heard that lending club is a serviceable way to earn decent income by helping refinance other peoples' debts. Depending on the risk you're willing to take on, you could potentially earn 8-10% doing that.
At any rate, 8-10% ROI is very difficult to do consistently; broad market investment is probably closer to 5-7%, and a much more reasonable goal for a completely passive investment, imho.
>>1365246
markets aren't fucked. They'll likely recover from the current crazy in short order.
If you're already invested in the markets, stay invested. It's unlikely they'll drop further, and the longer things go on with brexit shenanigans, the more it looks like the brexit might just be unreasonable. Britain just relies on the EU for too much in terms of trade negotiations and currency stability.
>>1365208
index funds
long term nothing is better hassle free
>>1365246
Wait a bit more. Some property funds are blowing up across the U.K. and the banks with most exposure are having heavy losses on their stocks. Property is probably going to fall in value in the upcoming months. You can buy at a discount and wait for prices to raise before resting.
>>1365339
*renting.
Get some chicken tendies.
>>1365314
>REIT 5-7% dividend
REITs aren't worth the risk for only 5-7% yield. The stock prices are way too volatile. Better option is to buy a high yield bond fund that pays 5-7% instead like HYG that is more price stable than REITs. And if you're in the states, there are muni fund that pay out closer to 8% because they're tax free
>>1365208
Buy Lloyds Banking Group and Persimmon. They're very undervalued right now and offer great dividends. Won't go under. Good money. Allocate £100k to each.
Blow £10k on rent to cover you until dividends pay.
>>1365409
>>1365338
I'm a Bong too OP you can trust me. :^)
