Posted on 29 September 2012. Tags: fixed income
Many people live on a fixed income. If you are retired or unable to work, you may only be able to live on a combination of government checks and the funds that you set aside for the end of your career. If you are on such an income schedule, you might find that the market is the best place for you to turn.
If you were a forward-thinking individual, much of your fixed income likely comes from investments. Between stock dividends, liquidation of various accounts and other forms of investment, the money that you put in the markets for a rainy day should start to pay off once your income-earning potential becomes somewhat more limited. Unfortunately, there are still many on fixed incomes that still need investments to pay off.
The good news is that you can still invest on a fixed income. It is wise, though, to still try to avoid anything that is considered to be high in risk. Fixed income generally means relatively low income, and you should only invest with the money that you can afford to use. If you are barely making ends meet, this might mean selling items in your home rather than using money from your checking account. You should never invest with money that you cannot afford to lose, as this would only make your financial situation even worse.
No matter what your income situation, you can always keep investing. If your income is fixed, remember that you should be looking for investing instruments that pay off relatively quickly but have lower levels of risk. If you can do this, you may be able to decrease the amount of pressure that you feel from living on a fixed income.
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