Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, but disastrous for investors and people retiring on annuities. Earning just over 1% on an ISA account is not even keeping up with inflation, let alone giving you a good investment return. Even gross yields on buy-to-let properties in major cities have fallen below 4% and in London or sometimes around 2%. That’s ‘gross’ yield by the way, before costs such as letting charges. What should you the investor do to improve the yield or income you receive on your money, particularly if you are relying on this to provide retirement income? You can shop around for the highest rate available on savings accounts, but this is not going to improve your overall return by that much. You could consider high yielding shares as an alternative to deposit-based investments. Yes, there is the risk that the value of your capital can go down as well as up, but many of these are blue-chip companies listed on the London Stock Exchan