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The Smart Way To Make Your 150K Grow

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NU Sentral

201 Jalan Tun Sambanthan

Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur 50470

Malaysia

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invest 150,000 to generate income?

I've been made redundant and have 150,000 to invest. My mortgage is low and almost paid off so need to invest for an income boost. Do I buy a house or where else could I get decent return?

My response:
Essentially you are asking two separate questions:

how to invest 150,000 to generate income now
how to get the best return on 150,000
Investing for income and growth are two very different things (although you can do a combination of both). If you want to know how to invest 150,000 for growth then read my article How to invest 150,000 for the best return. The rest of this article deals with how to invest 150,000 for income.

Seek independent financial advice if you are unsure
If you are not comfortable running your own investments I would suggest that you seek independent financial advice as your wider personal and financial circumstances need to be taken into consideration before you do anything. For example, how old are you? Are you a high rate income tax payer? Are you married? If so you may want to put investments in your wife’s name if she is a non-tax payer? What is your attitude to risk? What is your investment timescale and do you need access to the capital?

Conclusion
So is property the best way to provide income? Not necessarily and in my opinion I’d be wary of putting all my eggs in one basket. Buy-to-let yields vary wildly and the costs involved are often unforeseen.

Diversifying the assets you invest in not only reduces risk but also diversifies the source of your income. The greater the investment risk you take the greater the potential loss. Can you afford to lose any money? If not then you may need to be realistic with your income targets for any investment and settle for safer assets.

As I’ve said seek financial advice as an adviser will be able to advise you on the best thing to do with the 150,000 which may not even be to invest it, once your wider circumstances have been taken into account.

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NU Sentral

201 Jalan Tun Sambanthan

Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur 50470

Malaysia

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