Please note this is not a stealth boast. My partner is terminally ill and because he has a good job once he passes I will receive just under £1m in life assurance from his work plus approx £120k in shares and pension contributions and circa £200k from our own life assurance. We have a £400k mortgage which will be cleared leaving me with probably about £900k to invest and a house paid off worth Circa £1M. My own income is circa £35k working part time which I will continue and I don’t plan to go full time because of what my children will be going through.
I would ideally like an income of £2k net a month from the investments allowing also for growth of the capital.
I will arrange for a fund manager to manage the money for me but I would be interested to see how a good portfolio of investments would work and might breakdown.
I appreciate that I’m unbelievably lucky that I’ll be left very comfortable but trust me, I would give anything not to be dealing with this. I have 3 children who I need to get through secondary school and uni and I plan to stay in the family home for the foreseeable future.
Please or to access all these features
Please
or
to access all these features
Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.
Investments
How to invest £1M for income
36 replies
Moneyhelping · 09/06/2018 12:32
OP posts:
Don’t want to miss threads like this?
Weekly
Sign up to our weekly round up and get all the best threads sent straight to your inbox!
Log in to update your newsletter preferences.
You've subscribed!
Please create an account
To comment on this thread you need to create a Mumsnet account.