What are cheap assets I can buy that give me a monthly income?

Question

Are there any assets i can buy in the $1-$10,000 range that will give me a monthly income (anywhere from $1-anything) and that require very little maintence. I would like to start investing my money in things that will pay me back, I know real Estate is good but I don't have enough money for that. Is there anything else?

Answer 1

A treasury bond will pay out interest, if you are looking for safety, a CD also pays out monthly interest, and is low maintenance

Answer 2

Monthly income limits your choices. However, there are some closed end mutual funds thats pay out monthly. With $10K, this is probably the best choice.

Closed end mutual funds are like stocks and can be bought through a discount brokerage, like e-Trade.

Check out this searchable site for appropriate investments.

http://www.etfconnect.com/