Hi - I honestly can't think of any more educated an unbiased people to ask this question to than the good folks here at MFO.
A neighbor of mine is thinking of putting money into income producing investments. I'd guess that he's in his early to mid 50's and is confined to a wheelchair due to fibromyalgia (hope I spelled that right!). He's getting some social security disability payments and is living with his parents. I don't know what his current portfolio looks like. He'll inherit some money and the house when his parents pass away, although I don't know what those figures will be. He doesn't want to consult with a broker like Fidelity and the others as he seems to have had a bad experience with at least one of these firms and simply doesn't trust them.
He asked me if I could suggest income producing investments and all I could think of were Vanguard Wellington, Vanguard Wellesley and Matthews Asia Growth & Income (VWELX, VWINX and MACSX). I've focused more on capital appreciation with my portfolio although it wouldn't be a bad idea for me to consider income producing investments also. I'm now at the ripe-old age of 35. I know, geezer city! : )
Thanks in advance for any and all suggestions!