Investing $43 in This Stock per Week for 5 Years Could Give You $500 in Annual Dividend Income

If you're thinking of investing in Pfizer (NYSE: PFE) to generate some passive income from your portfolio, you won't need to spend very much to do so, provided that you're willing to play the long game. 

In fact, getting $500 in annual dividends from this stock is almost certainly within reach for you, as long as you have enough patience to wait a few years. Here's how. 

Building up a passive income stream is often a lot more manageable when you can do it piece by piece rather than paying out a large lump sum. Dollar-cost averaging (DCA) refers to buying a few shares of a stock here and there over a period of time so that you don't need a lump sum to reach your target position size. The longer you're willing to spend building up your position, the less money you need to commit at any given interval. 

Continue reading

Source Fool.com