Wed, January 1, 2025
Tue, December 31, 2024
Mon, December 30, 2024
Sun, December 29, 2024
[ Sun, Dec 29th 2024 ] - Forbes
5 Top Index Funds To Buy For 2025
Sat, December 28, 2024
Fri, December 27, 2024
Thu, December 26, 2024
Wed, December 25, 2024
Tue, December 24, 2024
Fri, December 20, 2024
Thu, December 19, 2024
[ Thu, Dec 19th 2024 ] - Forbes
13 Must-Read Investing Books
[ Thu, Dec 19th 2024 ] - Forbes
PepsiCo Is Oversold
[ Thu, Dec 19th 2024 ] - Aviva
Types of Investments
Wed, December 18, 2024
Tue, December 17, 2024
Mon, December 16, 2024
[ Mon, Dec 16th 2024 ] - MSN
Robinhood Free Stock: Complete List

Invest $20,000 in 2 TSX Stocks for $8,669.88 in Passive Income


//stocks-investing.news-articles.net/content/202 .. 2-tsx-stocks-for-8-669-88-in-passive-income.html
Published in Stocks and Investing on Thursday, December 19th 2024 at 19:21 GMT by MSN   Print publication without navigation

  • These passive-income stocks provide not just dividends, but way more through a globally diversified portfolio. The post Invest $20,000 in 2 TSX Stocks for $8,669.88 in Passive Income appeared first on The Motley Fool Canada.

The article from MSN Money discusses an investment strategy for generating passive income by investing $20,000 in two TSX-listed stocks: Enbridge Inc. (TSX:ENB) and Bank of Nova Scotia (TSX:BNS). Enbridge, known for its extensive pipeline network, offers a high dividend yield of 7.6% due to its stable revenue from long-term contracts, despite a recent stock price drop. Bank of Nova Scotia, one of Canada's big banks, provides a 6.6% yield, supported by its diversified operations and a history of consistent dividend payments. The article suggests that by investing $10,000 in each stock, an investor could achieve a combined yield of approximately 7.13%, leading to an annual passive income of $1,426.00. Over six years, with dividends reinvested, this could grow to $8,669.88, assuming the yields remain constant. The piece emphasizes the reliability of these stocks for income generation, even in volatile market conditions.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/invest-20-000-in-2-tsx-stocks-for-8-669-88-in-passive-income/ar-AA1wbaVG ]

Publication Contributing Sources