Got $1,000? Here's How to Turn it Into Up to $140 of Passive Income Each Year.
Generating passive income can help increase your financial flexibility. The more income you can collect from passive sources, the less reliant you'll be on your job to meet your financial needs. Investing in dividend stocks can be a very easy way to make passive income. For example, investing $1,000 into an S&P 500 index fund would produce about $12 of passive dividend income each year, given the index's roughly 1.2% dividend yield. Meanwhile, stocks with higher dividend yields can produce even more annual dividend income. Here's a look at some solid options for those seeking to collect a lucrative stream of dividends each year. AGNC Investment (NASDAQ: AGNC) is a real estate investment trust (REIT) that invests in pools of residential mortgages backed by government agencies such as Fannie Mae. These agency mortgage-backed securities (MBSes) have very low-risk profiles because the government protects investors from credit losses. They're also lower-return investments, with low- to mid-single-digit yields). Continue reading
Generating passive income can help increase your financial flexibility. The more income you can collect from passive sources, the less reliant you'll be on your job to meet your financial needs.
Investing in dividend stocks can be a very easy way to make passive income. For example, investing $1,000 into an S&P 500 index fund would produce about $12 of passive dividend income each year, given the index's roughly 1.2% dividend yield. Meanwhile, stocks with higher dividend yields can produce even more annual dividend income. Here's a look at some solid options for those seeking to collect a lucrative stream of dividends each year.
AGNC Investment (NASDAQ: AGNC) is a real estate investment trust (REIT) that invests in pools of residential mortgages backed by government agencies such as Fannie Mae. These agency mortgage-backed securities (MBSes) have very low-risk profiles because the government protects investors from credit losses. They're also lower-return investments, with low- to mid-single-digit yields).
