Investing $400,000 to live off. Any ideas?
This is my retirement money (I have no retirement plan worth mentioning) so I want it to be something reasonably low risk. I know absolutely nothing about investing please help.
What are my options?
*Buy 1 great house without a loan and live off the rent?
*Buy 3-4 houses with loans and let the rent pay the interest and live off whatever is left?
*Put it in some kind of savings account? But will that return enough money to live off? This is what I''ve been doing so far but its just with my bank and I'm not getting much off it.
*Stocks? I know nothing about stocks. Are there stocks that are safe enough?
Any help is greatly appreciated and please bare in mind I know nothing about investing.