Alexandoy
VIP Contributor
Next week I will be receiving a big fund that will be my lifetime sustenance. Based on my estimate I could live comfortably with that money for more than 10 years. However, I know that keeping the big money in the bank will only be eaten by inflation in the future. Maybe after 5 years my monthly budget based on the cost today will not be sufficient anymore that my 10 years of sustenance may turn out to be just 9 or perhaps 8. Being a retired person the future is scary because I have no source of income so I am now turning to investment.
With the blue chip stocks that I have the annual dividend is not really substantial at all and the only reward that I can get is when the price of the stocks in the market would shoot up. But I cannot bet on that. What I am thinking now is to buy a townhouse unit that I can rent out. Or perhaps I can live in that townhouse unit and offer our home for rental. Our home is a 2-story house with 4 rooms, a spacious backyard, 2-car garage and 2 toilet and bath facilities. It can fetch a good price for rental here maybe up to $400 or even $500 per month. We shall see in the coming months what decision I will make regarding the real estate investment that I am planning.
With the blue chip stocks that I have the annual dividend is not really substantial at all and the only reward that I can get is when the price of the stocks in the market would shoot up. But I cannot bet on that. What I am thinking now is to buy a townhouse unit that I can rent out. Or perhaps I can live in that townhouse unit and offer our home for rental. Our home is a 2-story house with 4 rooms, a spacious backyard, 2-car garage and 2 toilet and bath facilities. It can fetch a good price for rental here maybe up to $400 or even $500 per month. We shall see in the coming months what decision I will make regarding the real estate investment that I am planning.