Abundance Debentures for retirement income?
Abundance is a UK company that invests in renewable energy schemes and sells debentures to the public.
The investment is long term, usually lasting for 20 years, although there is an unregulated market where you can sell your debenture if there's anyone who wants to buy it. There is a 1.5% management fee charged by Abundance.
The investor might invest $1000 and then receive annual income that is composed of some return of capital and some interest. An example is here
The internal rate of return is given as 7% and each year for 18 years the investor receives $55 in return of capital and $44 in interest making a total payment of $1798. What are your thoughts?
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS