Tue, December 10, 2024
Mon, December 9, 2024
Sun, December 8, 2024
[ Sun, Dec 08th 2024 ] - Seeking Alpha
ECAT: 21% Yield On ESG Stocks
Sat, December 7, 2024
Fri, December 6, 2024
[ Fri, Dec 06th 2024 ] - Forbes
3 Long-Term Stocks To Buy In 2025
[ Fri, Dec 06th 2024 ] - Zawya
XTB harnesses its bet on AI-Tech
Thu, December 5, 2024
Wed, December 4, 2024
[ Wed, Dec 04th 2024 ] - Thomas Matters
KGI: 2025 Market Outlook
[ Wed, Dec 04th 2024 ] - Thomas Matters
Best Penny Stocks Right Now

Build a Cash-Gushing Passive-Income Portfolio With Just $40,000


//stocks-investing.news-articles.net/content/202 .. g-passive-income-portfolio-with-just-40-000.html
Published in Stocks and Investing on by The Motley Fool Canada   Print publication without navigation

If you have $40,000 to invest, let's look at how to put that right to work and a great passive-income stock to consider.

The article from Fool.ca outlines a strategy for building a passive income portfolio with an initial investment of $40,000. It suggests focusing on high-yield dividend stocks to generate significant monthly income. The piece highlights three specific Canadian stocks: Northwest Healthcare REIT (yield: 7.3%), Enbridge (yield: 7.7%), and BCE (yield: 7.2%). By investing $13,333.33 in each, an investor could achieve a combined yield of approximately 7.4%, translating to about $2,960 annually or $246.67 monthly in passive income. The article emphasizes the importance of diversification, the stability of these companies, and their history of consistent dividend payments, making them suitable for a passive income strategy. Additionally, it notes that while these stocks offer high yields, they also come with risks like interest rate sensitivity and sector-specific challenges, advising investors to consider these factors before investing.

Read the Full The Motley Fool Canada Article at:
[ https://www.fool.ca/2024/12/06/build-a-cash-gushing-passive-income-portfolio-with-just-40000/ ]

Publication Contributing Sources