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Fairholme Message Board

  • wsl92000 wsl92000 Mar 27, 2007 2:30 PM Flag

    Need some adveice for income

    I have a chunk of money (let's say 500K), need to be used to generate some income (2k /mon). anyone can recommend some allocation & funds? Thanks!!!

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    • You could take a look at this one...ADVDX. Very high yield monthly. I do not own, just now doing DD. Good luck. You might look at closed end funds such as ACAS. I do own ACAS but am not recommending it as we all have different tolorances for risk. They are called CEFS but are a lot more work than a regular fund. Good luck.

    • This fund is good. There are other two funds I can recommend:

      PRPFX: balanced fund
      LSBRX: bond fund.

      Their average return: FAIRX > PRPFX > LSBRX
      Their risk: FAIRX > PRPFX > LSBRX

      If you only need a return of 2*12/500=4.8% per year, then LSBRX is good enough.

      You can go to message board of PRPFX and LSBRX for opinions.

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