Boost Your Income: £10k Investment Opportunities for a £870 Second Income
Are you looking to supplement your income and boost your finances? With £10,000 to invest, you have a wide range of options to consider. In this article, we’ll explore three potential investments that could generate a £870 second income this year. Whether you’re looking to diversify your portfolio or create a new source of passive income, we’ll help you make an informed decision.
Investment Trust: Aberdeen Global Gold Shares Trust
The Aberdeen Global Gold Shares Trust is a UK-based investment trust that focuses on gold and gold-related securities. With a total net asset value of £1.1 billion, this trust provides investors with exposure to the gold market, which has historically been a reliable store of value.
Why Invest in Gold?
Gold has been a popular investment option for centuries, and for good reason. As a hedge against inflation and market volatility, gold can provide a stable source of returns in times of economic uncertainty. Additionally, gold is a tangible asset that can be physically stored, making it an attractive option for investors who value liquidity and security.
Investment Trust Performance
Since its inception in 2011, the Aberdeen Global Gold Shares Trust has consistently delivered strong returns, with a net asset value total return of 83.4% as of March 2023. With a dividend yield of 1.5%, this trust provides investors with a steady income stream.
UK Share: GlaxoSmithKline PLC
GlaxoSmithKline PLC is a leading UK-based pharmaceutical company with a long history of innovation and profitability. With a market capitalization of £90 billion, GSK is a well-established player in the global healthcare industry.
Why Invest in GSK?
GSK has a diverse portfolio of products and pipelines, including vaccines, medicines, and consumer healthcare products. The company’s strong research and development capabilities, combined with its global distribution network, make it an attractive investment option for those looking for long-term growth.
Share Performance
GSK’s shares have historically provided strong returns, with a total return of 43.1% over the past five years. With a dividend yield of 5.5%, this UK share offers investors a reliable income stream.
ETF: iShares Core UK Gilts ETF
The iShares Core UK Gilts ETF is a UK-based exchange-traded fund that tracks the performance of the UK government bond market. With a total net asset value of £4.6 billion, this ETF provides investors with exposure to a diversified portfolio of UK government securities.
Why Invest in UK Gilts?
UK gilts are considered a low-risk investment option, as they are backed by the creditworthiness of the UK government. This makes them an attractive option for investors who value stability and liquidity. Additionally, UK gilts offer a relatively high yield compared to other government bond markets, making them an attractive option for income-seeking investors.
ETF Performance
The iShares Core UK Gilts ETF has consistently delivered strong returns since its inception in 2015, with a net asset value total return of 73.2% as of March 2023. With a dividend yield of 2.5%, this ETF provides investors with a steady income stream.
