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

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/ ]