With market conditions being in a depressed state
, it is difficult right now to find many safe options where you might expect an annual return on your money of 8 percent. CD's and AAA bonds are paying more in the range of 2 to 4%.
However, there are still a number of stocks which are paying 8% or more as annual dividends
. The only problem with investing in these stocks is that you always run the risk that the stock value itself may decline. However, the market does seem to be rebounding somewhat right now, so this may be something you want to consider.
Here is a link to a list of stocks that are currently paying between 8% to 9% annual dividends. As with any type of investing, you would want to research each company before investing, and also try to diversify your investments so they were not all held with one company. But these companies are paying dividends which would give you the yield you are looking for.
Another thing you may want to consider is opening and contributing to a Roth IRA
account if you have earned income
and are qualified to open this type of account. Your earnings in that account will all be tax
free even when they are eventually withdrawn, so even if you have investments with a lower yield than 8%, the tax benefits
help increase your botXXXXX XXXXXne.
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Thank you sol.