Got $30,000? Invest in 2 TSX Stocks and Make $8,612.70 in Passive Income

Stocks and Investing Stocks and Investing

Wed, January 22, 2025

[ Wed, Jan 22nd ] - Indiatimes

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[ Wed, Jan 22nd ] - Morningstar

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[ Wed, Jan 22nd ] - MSN

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[ Wed, Jan 22nd ] - WOPRAI

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[ Wed, Jan 22nd ] - WOPRAI

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[ Wed, Jan 22nd ] - MSN

Amazon's SWOT analysis: cloud giant's stock poised for growth amid AI boom

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

Got $30,000? Invest in 2 TSX Stocks and Make $8,612.70 in Passive Income

[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MarketWatch

Stock Market Today: Dow and S&P rise as Nasdaq wo .. s slip. Apple stock down, Netflix earnings ahead.

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[ Tue, Jan 21st ] - Kiplinger

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[ Tue, Jan 21st ] - Forbes

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[ Tue, Jan 21st ] - WOPRAI

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Mon, January 20, 2025

[ Mon, Jan 20th ] - Forbes

4 Big Cap Oil Stocks: Breaking Out And Hitting New Highs

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - Yahoo

Space infrastructure company Redwire to buy Edge Autonomy for $925 million

[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - Reuters

Focus: Trump Media's true believers bet on stock surge as presidency begins

[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - MSN

Here's Some Reassuring News for Anyone Invested in Quantum Computing Stocks

[ Mon, Jan 20th ] - Forbes

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - BBC

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - Yahoo

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - AOL

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - MSN

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[ Mon, Jan 20th ] - WOPRAI

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Got $30,000? Invest in 2 TSX Stocks and Make $8,612.70 in Passive Income

_{//stocks-investing.news-articles.net/content/202 .. -stocks-and-make-8-612-70-in-passive-income.html}
^{Published in Stocks and Investing on Tuesday, January 21st 2025 at 16:41 GMT by MSN}

Do you need some extra cash coming in from your investments? Then these two passive-income dividend stocks are for you. The post Got $30,000? Invest in 2 TSX Stocks and Make $8,612.70 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 $30,000 in two TSX-listed stocks: Enbridge Inc. (ENB) and Bank of Nova Scotia (BNS). It suggests that by investing $15,000 in each stock, an investor could achieve a total annual passive income of $8,612.70. Enbridge, known for its energy infrastructure, offers a high dividend yield of 7.6%, which would generate $1,140 annually from a $15,000 investment. Bank of Nova Scotia, with a yield of 6.6%, would provide $990 per year from the same investment amount. The article highlights the stability and reliability of these dividends, with Enbridge having increased its dividend for 29 consecutive years and Scotiabank for over 190 years, making them attractive for investors seeking steady income. However, it also notes the risks associated with high dividend yields, such as potential dividend cuts or stock price declines, and advises considering one's risk tolerance and investment horizon before committing to such investments.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/got-30-000-invest-in-2-tsx-stocks-and-make-8-612-70-in-passive-income/ar-AA1xBPSE ]

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